Real Estate Accountant

Job Description

About Us:

JB Capital Management LLC has become one of the emerging owners, operators, and managers of real estate assets throughout the East Coast and Southeast. JB Capital's innovative and technology-enabled investment platform seeks to acquire and manage value-oriented real estate in dynamic markets. Since our inception, we have participated in more than $100M worth of transactions, spanning multiple asset classes and geographies, including urban multi-family, industrial, storage, and grocery-anchored shopping centers. We are a small team that is committed to fostering a community that feels supported and ready to take on big things! We are looking to bring on a Real Estate Accountant, part-time, who is experienced in Yardi and Quickbooks. 

Key Responsibilities, including but not limited to:

•  Property Accounting:

• • Revenue & Expenses:  Managing rent charges, cash receipts, bad debt, accruals, and expenses.
  • Lease Administration:  Auditing lease set-up charges in the system and booking initial lease entries (deposits, rent charges, etc.).
  • OPEX Reconciliations:  True-up, set-up, and processing in the system.  Including CAP calculations and Base Year Rent-Stops
  • Capitalization and amortization of building and certain expenses.
  • Ensure compliance with 1031 exchanges and record transactions appropriately.

• Business Accounting:

• • Managing accounts receivables and payables, including money owed to and from different entities.
  • Tracking of Assets, Liabilities, and Owner Equities.
  • Responsible for the accuracy of all ledgers, accounts, portfolios, and balance sheets.
  • Monthly Bank Reconciliations
  • Assisting in investor reporting and distributions.
  • Financial Reporting:  Preparing financial reports, including balance sheets, income statements, cash flow statements, and variance reports.

• Tax Compliance:

• • Property Tax:  Records property tax accruals and/or amortization of property taxes.
  • Sales Tax:  Reviews monthly sales tax transactions and prepares required forms to submit to tax authorities accordingly. 
  • Tax Returns:  Assisting tax accountant with tax return preparation, including sales/use tax, personal property tax, and real property tax filings.

• Other Duties:

• • Assisting in audits and bank requirements.
  • Providing recommendations for improving current practices.

Required Skills:

• Bachelor’s degree in accounting or finance
• Experience of at least 3-4 years with standard accounting concepts, practices, and procedures within the real estate industry.
• Experience working with financial software, specifically Yardi Breeze and QuickBooks.
• Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
• Able to communicate effectively and efficiently with team and partners.
• Possesses analytical, problem-solving, and organizational skills.
• Show tact, discretion, confidentiality, and sound judgment in handling sensitive and confidential matters and documentation.