Job Description Job Description
Do you live on the Westside and are looking for a shorter commute? A boutique real estate investment and development firm based in Culver City is seeking an experienced Property Accountant to oversee the day-to-day accounting operations for a portfolio of office and retail properties. This company specializes in both development and management in multiple states.
Duties:
- Manage the full monthly close process, ensuring the accurate recording of all property operating activity and financial transactions.
- Prepare and maintain detailed account reconciliations and supporting schedules for balance sheet and income statement accounts.
- Analyze monthly operating results, compare actual performance against budget, and provide explanations for significant variances.
- Produce monthly financial packages for investors and lenders, including income, expense, and cash flow forecasts.
- Lead the annual budgeting process and support quarterly financial consolidations.
- Process daily accounting transactions, including cash receipts, tenant payments, deposits, accounts payable invoices, billing adjustments, and application of prepayments.
- Record rental revenue, ancillary income, payroll, accrued liabilities, management fees, asset management fees, and other general and administrative expenses.
- Perform monthly bank reconciliations and reconcile security deposit balances to subsidiary ledgers.
- Maintain fixed asset records, including capitalization review, depreciation calculations, and amortization schedules.
- Account for prepaid expenses, deferred income, loan costs, insurance premiums, and other amortizable assets.
- Record and reconcile debt service activity, including principal payments, interest expense, and escrow accounts.
- Accurately accrue property taxes and maintain a strong understanding of real estate tax calculations and assessments.
- Evaluate and record bad debt reserves, prepaid rent adjustments, and other lease-related accounting transactions.
- Partner with Asset Managers to ensure proper capitalization of property improvements and classification of operating expenditures.
- Prepare and oversee CAM reconciliations and tenant billings.
- Conduct financial analysis, develop reports, and assist with special projects and strategic initiatives as needed.
- Coordinate and support annual audits by external auditors, providing schedules, documentation, and timely responses to audit requests.
- Perform additional duties and responsibilities as assigned.
Qualifications:
- Bachelor's degree required in accounting or a related area of study with a minor or concentration in accounting
- A minimum of four years of experience in accounting or finance roles, preferably in commercial real estate environment
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.
