Job Description Job Description
Would you like the opportunity to work for a national recognized company with an excellent reputation in commercial property management and real estate? This group is looking for a Property Accountant to work in their office located in Midtown. This person is responsible for evaluating and interpreting financial data, preparing accurate reports, and maintaining records related to an organization's assets, liabilities, revenues, expenses, tax obligations, and overall financial performance. Temp to hire position.
- Process day-to-day accounting transactions, including applying customer payments, preparing bank deposits, posting cash receipts, reviewing vendor invoices, updating gross sales reports, and handling tenant billing adjustments and prepayment allocations.
- Manage the monthly close cycle by recording operational activity and ensuring timely and accurate financial reporting.
- Prepare supporting schedules and account reconciliations for balance sheet and income statement accounts.
- Reconcile bank accounts and cash activity on a monthly basis, ensuring all transactions are accurately recorded.
- Record rental revenue, recoveries, and other property-related income while validating cash collections.
- Maintain fixed asset records, including capitalization, depreciation, and amortization calculations.
- Track and amortize prepaid expenses, deferred income, insurance costs, and loan-related fees.
- Reconcile security deposit accounts to subsidiary ledgers and resolve discrepancies as needed.
- Calculate, accrue, and monitor property tax obligations, maintaining an understanding of assessment methodologies.
- Record debt-related transactions, including principal reductions, interest expense, and escrow activity.
- Analyze and account for bad debt reserves, prepaid rent balances, and other tenant-related accounting items.
- Process and record payroll transactions on a biweekly basis.
- Accrue monthly liabilities such as utilities, debt service obligations, and other operating expenses.
- Record management fees, asset management charges, and general administrative expenses.
- Partner with Asset Management teams to ensure proper classification of capital expenditures and operating costs.
- Perform budget-to-actual variance analyses each month and provide explanations for significant fluctuations.
- Support financial analysis initiatives and assist with special projects as requested.
- Prepare and distribute monthly financial reports for ownership groups, investors, and lending partners.
- Develop recurring forecasts, including income projections, expense estimates, and cash flow analyses.
- Consolidate financial results on a quarterly basis across properties or entities.
- Assist in the creation and administration of the annual operating budget.
- Complete CAM reconciliations and related tenant billings.
- Coordinate with external auditors and provide support during annual audit engagements.
- Perform additional accounting and finance duties as assigned.
- Seeking candidates with at least 5 years experience in property accounting
- Bachelor's Degree Preferrered
Company Description
TORP Group is a recruitment firm that specializes in placing in: Property and Real Estate Management,
Administrative Support, Accounting, Construction Project Management, and Project Coordination. With a combined experience of over 40 years in the Recruiting industry, Trina Osborn and Bridget Isenberger team up TOgether as Recruitment Partners. Servicing multiple industries, we provide a consultative service to the company and job seeker alike. We are looking to make a direct impact on someone's life by finding them a new position, while at the same time contributing to the success of a corporation with providing them a new team member.
Company Description TORP Group is a recruitment firm that specializes in placing in: Property and Real Estate Management, Administrative Support, Accounting, Construction Project Management, and Project Coordination. With a combined experience of over 40 years in the Recruiting industry, Trina Osborn and Bridget Isenberger team up TOgether as Recruitment Partners. Servicing multiple industries, we provide a consultative service to the company and job seeker alike. We are looking to make a direct impact on someone's life by finding them a new position, while at the same time contributing to the success of a corporation with providing them a new team member.
