Commercial Retail Property Accountant
Direct Hire: $75K - $90K base salary
Houston, TX 77024
**MUST have RETAIL PROPERTY ACCOUNTING experience to be considered**
The Property Accountant performs daily property accounting duties for assigned retail properties that includes, but is not limited to, preparing financial reports, entering accrual journal entries in accordance with GAAP, reviewing operating statements and variance reports, payable review, performing reconciliations and ensuring accuracy, consistency and adherence to policies and procedures. The Property Accountant also utilizes MRI accounting software to perform property accounting required tasks. In addition, the Property Accountant also works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, escalation settlements, etc. The Property Accountant will be responsible for a portfolio of buildings. It is also the responsibility of the Property Accountant to deliver the a great experience when interacting and communicating with tenants, owners, vendors and fellow team members.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.
Daily Maintain tenant leases sub-ledger in MRI Review (coding, approval) and post A/P invoices Verify and post tenant cash receipts
Invoice miscellaneous charges and bill backs to tenants as needed
Assist Property Manager and VP of Retail Assets with special projects and be available as a resource
Monthly Generate recurring monthly charges for tenant leases
Maintain the General Ledger for portfolio as assigned
Reconcile Balance Sheet accounts
Review monthly financial statements Book accruals as needed. (utilities, security, AVTX expense)
Assist with collections as needed
Assist Property Manager with variance reporting
Calculate and invoice percentage rent as needed
Annually Reconcile and invoice annual tenant recoveries
Assist Retail Operations Team with annual budget preparation
Provide annual audit support
Other duties may be assigned.
Requirements
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
A Bachelor’s degree with emphasis in accounting, finance, or related field preferred.
Minimum 3-5 years of experience in Property Accounting in retail property management.
A thorough understanding of the following concepts:
Application of Generally accepted accounting principles (GAAP)
Tenant Recoveries
Straight Line Rent
Percentage Rent
OTHER SKILLS and ABILITIES: Proficient in the use of personal computer and Microsoft applications. Applicable experience in real estate accounting software, preferably with MRI. Ability to handle multiple projects, changing priorities and demanding, time-sensitive, workload(s).
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