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Property Accountant

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Columbus
 OH
Postal Code
43215
Country
United States

This job is no longer active.

Description


POSITION: Property Controller

REPORTS TO: Senior Director, Property Accounting

 

BASIC FUNCTION:  Responsible for providing accurate and timely financial information on a portfolio of commercial properties to enable Property Managers and Owners to make sound operational and financial decisions. 

 

MAJOR DUTIES AND RESPONSIBILITIES:

  • Conduct a monthly review and analysis of the balance sheets, income statements and cash flow reports on portfolio of properties.
  • Prepare variance analysis reports for each property in portfolio by the 20th of the month following end of each quarter.
  • Prepare annual work papers, detailing account balances in accordance with sound accounting practices.
  • Provide necessary schedules from work papers to tax firm to assist in the tax return preparation.  Answers questions as needed. 
  • In conjunction with Asset Managers and Property Managers, prepares annual budgets for all properties in portfolio.  Complete budgets according to the corporate budget calendar.
  • Annually review CAM, Real Estate Tax, and Insurance billings in a timely manner to facilitate billings per lease requirements and prepares “what if” analysis as required.
  • Review cash accounts and intercompany accounts routinely and supplies information regarding   funding and cash needs to Owners.  Ensure cash is available for operational needs.
  • Initiate distributions in accordance with Partnership Agreements, as required.
  • Provide support to Property Managers, Asset Managers and Owners in analyzing financial information.
  • Record new loans and refinances, supplies lenders with financial statements as required, reviews debt service ratios and analyze escrow balances and submit appropriate paperwork for reimbursement.
  • Maintain cash and accrual books.
  • Review, approve and ensure timely payment of mortgages and real estate taxes.
  • Prepare documentation for lender in order to be reimbursed from escrows, as needed.
  • Review and prepare monthly reporting packages to outside owners.
  • Review invoices for proper coding.
  • Maintain fixed asset system for deferred assets.
  • Maintain a tracking system for the payment of annual and semi-annual real estate taxes.
  • Performs other job-related duties as assigned or required.

 

SKILLS:

  • Strong analytical skills and attention to detail
  • Thrives in a teamwork environment
  • Ability to communicate with co-workers, property owners and attorneys in a professional manner
  • Enjoys a varied job experience
  • Ability to provide innovative solutions to challenges and procedure updates
  • Ability to meet deadlines and adapt to changing priorities
  • Takes initiative with job duties and proactively seeks out help when needed
  • Strong Excel skills and knowledge of MRI Software
  • Real estate experience preferred

 

WE OFFER:

  • Competitive salary
  • Medical
  • Dental
  • Vision
  • Life
  • 401(k)
  • Generous paid time off
  • Annual Reviews
  • Positive Work Environment

 

We are an equal opportunity employer and a Drug Free Workplace. Successful  completion of a background check is required for this position.

 

 

 

 

Job Function


 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

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