Senior Property Accountant

Job ID: EB-8563055968
Category: Technology
Location: Glendale, CA

The Senior Accountant will be responsible for the day-to-day property accounting activities, as well as monthly close and variance reporting requirements for assigned portfolios. The candidate will be responsible for the understanding of GAAP Accounting Requirements including but not limited to: Straight Line Rent inclusive of blend and extend methodology; recoveries and the various methods of recovery (CAM, DB, Direct Pay, etc.). In addition, the candidate will be responsible for performing accounting functions with the understanding of Basic Real Estate verbiage, including but not limited to: Gross Up, Expense Cap, Base Year, Pro-Rata Share, Weighted Occupancy, and Leakage.

RESPONSIBILITIES

• Responsible for month-end close procedures, including updating close workpapers and variance analysis reports, review of proper income and expense classification, reconciliation of balance sheet and income statement accounts, and ad hoc analysis reports
• Review expenses and determine when to capitalize versus expense
• Summarize driver of financial statement fluxes based on major categories from review of financial statement when multiple factors can be contributing:
  • Rental Revenue
  • Recoveries/Leakage
  • Non-Recoverable Expense
  • Bad Debt
  • Occupancy
• Review income statements and balance sheets to detect potential risks and issues
• Interpret complex recovery set ups
• Ensure and follow up with billing team to ensure all accrued income/billing errors are corrected
• Build and maintain relationships with Operations, Asset Management and Third-Party Property Managers as the main point of contact for accounting
• Willingness to take on additional projects necessary with the continuous growth and development of the company
• Complete various financial, accounting, and other reports and analysis, and perform other duties and/or special projects as assigned or as necessary

QUALIFICATIONS

• BA/BS required, Accounting or Finance degree preferred
• 3+ years accounting experience, real estate industry experience preferred
• Detail oriented, analytical, strong organizational skills, proven ability to meet deadlines, works well under pressure and possess the ability to manage time efficiently and prioritize effectively
• Excellent problem-solving skills
• Demonstrate a commitment to customer service
• Self-starter, but can function effectively as part of a team
• Advanced Microsoft Excel Skills
• Experience with Yardi, MRI and JDE are a plus
• Excellent oral and written communication skills

BrainWorks is a prominent boutique executive search firm offering a 30-year track record of successfully sourcing and placing top talent. By harnessing proven strategies, collaborating with stakeholders and leveraging a diverse and talented candidate network, BrainWorks helps businesses find, attract, and ultimately hire talented professionals that create differentiated results. Our search services can be offered either on a retained or contingency basis depending on the level of commitment your unique search requires.

BrainWorks offers several distinct practice areas, each directed by a Partner with extensive experience, and knowledge of current trends and industry challenges in their specific discipline. BrainWorks practice areas include the following: Accounting & Finance; Accounting & Finance Interim; Analytics, Data Science & Data Governance; Commodities Technology & Trading; Consumer Products; CRM & Direct Marketing; Cybersecurity; Ecommerce & Digital Marketing; Human Resources; IT & Data Engineering; Market Research & Consumer Insights; Operations & Supply Chain; Private Equity & Portfolio Company Leadership; and Sales.

BrainWorks prides itself on quality, speed and GUARANTEED RESULTS, delivered through our unique QUASAR approach. When you partner with BrainWorks, your company will receive intelligence and industry expertise from consultants who are trustworthy, caring and passionate about your business needs. https://brainworksinc.com.