Property Accountant

Job DescriptionA leading company in the real estate industry is seeking a Property Accountant to manage the full spectrum of accounting responsibilities for a portfolio of retail and office properties. The ideal candidate is a detail-oriented and analytical professional with a strong grasp of GAAP and real estate accounting principles. Working collaboratively, the new team member will contribute to financial accuracy and portfolio performance by preparing timely financial reports, reconciling accounts, and coordinating with property management while ensuring compliance with internal policies and external reporting requirements.Salary: $80,000-$85,000Location: Houston, TXType of Position: Direct HireResponsibilities: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.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.Reconcile and invoice annual tenant recoveries.Assist Retail Operations Team with annual budget preparation.Provide annual audit support.Perform other duties that may be assigned.Requirements:A bachelor's degree with emphasis in accounting, finance, or related field preferredMinimum 3-5 years of experience in Property Accounting in Office or Retail sectorsA thorough understanding of the following concepts: Application of Generally accepted accounting principles (GAAP), Tenant Recoveries, Straight Line Rent, Percentage rentAbility to read, analyze, and interpret general technical procedures or governmental regulationsAbility to write reports and business correspondenceAbility to effectively present information and respond to questions from groups of managers and clientsMust be able to understand and communicate effectively in English to tenants, vendors, clients and employeesAbility to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimalsAbility to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization existsAbility to interpret a variety of instructions furnished in written, oral, or schedule formProficient in the use of personal computer and Microsoft applicationsApplicable experience in real estate accounting software, preferably with MRIAbility to handle multiple projects, changing priorities and demanding, time-sensitive, workload(s)#LI-DNIMeet Your RecruiterSarah ColvillSenior Search Director - Murray ProfessionalSpecializing in matching talent with exciting opportunities in Human Resources, Accounting/Finance, Sales, Marketing, Administrative, and Customer Service.