Senior Property Accountant

SUMMARY:Established central Houston family office with investments in real estate, construction and development seeks an experienced Property Accountant. Our client has a team member who is moving away from Houston and needs a great, new, long term team member for this friendly and supportive team.DESCRIPTION:Our client is a family office headquartered in Houston. They are actively growing the company and have a long established track record in real estate development, energy, investments and charitable contributions. This position reports to a second-generation Family Member who has 30+ years of experience and a supportive, friendly personality. The accounting team has been with the organization for a long time, and offers flexibility and a great work environment. This is a team that is cross trained, and will support one another during absences or illnesses. They are looking for a friendly, experienced, no drama candidate who enjoys their work. Specifically, the Senior Property Accountant duties are: - OVERALL – Perform full cycle accounting, analysis and financial oversight for all Family Office investments including commercial Shopping Centers, Property Management Companies, Farm & Ranch holdings, Venture Capital Investment Partnerships, Individual Equity Investments, Raw Land, Oil & Gas Partnerships, Private Foundations, and Trusts. - GENERAL ACCOUNTING (DAILY/WEEKLY/MONTHLY) - Perform all aspects of daily accounting duties including A/P, A/R, credit card reconciliations, monthly bank statement reconciliations, expense reports, prepaid expenses, accruals, payroll, procedure processes, monthly journal postings, commission and loan amortization schedules, depreciation postings, and intercompany receivables and payables. - FIXED ASSETS/DEPRECIATION & AMORTIZATION (MONTHLY) - Record and set up monthly depreciation per tax documents, review and update lease commission, capitalizations and amortization, review loan cost amortization and notes payable with basic understanding of tax implications and terms of amortization. Record Fixed Assets with ability to segregate capitalization vs expense. - PROPERTY ACCOUNTING & COST ALLOCATIONS (MONTHLY) - Review Monthly Detail Reports in Excel or QuickBooks for posting accuracy of Property allocations and categorization. - IN HOUSE PROPERTY ACCOUNTING (MONTHLY) - Process monthly posting managed shopping center activities and reconciliation of reports to the Company’s internal financial statements. - MONTHLY CLOSE/MANAGEMENT REPORTING & ANALYSIS (MONTHLY) - Perform monthly closing of GL including preparing & approving journal entries and intercompany transactions, reviewing & performing general ledger account analysis and reconciliations, including bank statements. - FINANCIAL/MANAGEMENT REPORTING & ANALYSIS (MONTHLY) – Prepare monthly financial statements and prepare cost reports and budgets reviews. Review and analyze monthly reports after monthly close with management. Review variances in actual vs budget. - CASH FLOW STATEMENTS (MONTHLY) – Prepare, update & provide Cash Flow Statements’ analysis and review with Company Management regarding capital improvements and other major expenses. - PAYROLL & TAX REPORTING (QUARTERLY/ANNUALLY) – Process and file quarterly reports with state and federal regulatory agencies, including annual filings of Form W-2 and Form 1099 and Franchise Tax filing for general partnerships. - DEBT COMPLIANCE (ANNUALLY) – Prepare & submit yearend financial report requests to lender. - BUDGET FOR PROPERTIES (ANNUALLY) - Work with the respective Property Managers and owners in preparing annual budgets for properties, when requested perform review of budget vs actual by Property. - CAM ACCOUNTING & REPORTING/TENANT BILLINGS & COLLECTIONS (ANNUALLY) - Perform Year End CAM/Taxes/Insurance Reconciliations, draft tenant letters, and process & manage tenant billings & collections. - ADMINISTRATIVE COSTS ALLOCATION & BILLING (ANNUALLY) - Provide an annual review of Administrative Costs and discuss with the Owner. - PROPERTY TAX ACCOUNTING & REPORTING (ANNUALLY) – Manage & process payments of year end property tax payments, prepare and post accrual to actual year end expense entries, create yearend accrual entries and adjust based on actual payments. Protest values as needed. - PROPERTY INSURANCE RENEWALS (ANNUALLY) - Review property, liability and insurance renewals for proper coverage. Bill, post and reconcile payments received to annual premium. - OTHER - Perform other office tasks such as filing and answering phone calls. Providing additional value-added activities and supporting operational and departmental excellence. - PROFESSIONAL/CONFIDENTIAL CONDUCT - Maintain honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships and keeping all Company information confidential. QUALIFICATIONS:- Degreed + Full Cycle GL Close & Financial reporting Experience using QuickBooks- At least 5 years of general accounting experience- Experience with full cycle accounting and an understanding of intermediate accounting principles with basic analytics- Microsoft Office (Excel, Word, Outlook) proficiency- Highly organized, resourceful, detail oriented, and excellent with follow-through abilities- Able to organize tasks to meet demands and deadlines consistently- Works effectively independently and as a team member- Remains calm under pressure; Able to multitask