Senior real estate accountant

Job Summary

Real estate development and investment firm in Culver City, is seeking an experienced Senior Accountant responsible for day to day accounting of specific office and retail properties. Core responsibilities include all aspects of billing, tenant collections and payables through Yardi, maintaining and supporting the general ledger, recording revenue, accruing expenses, monthly financial reporting, budgeting, forecasting, profit and loss analysis, and every quarter, the preparation of consolidated and combined financial statements, CAM reconciliations. This position is based in our Culver City office and requires in person attendance five (5) days a week. Knowledge and experience using the Yardi platform and experience with office and retail accounting are mandatory requirements.

Duties/Responsibilities

1. Perform daily activities such as receive checks, post receipts and prepare deposits; review and post payable invoices; review and post tenant billing adjustments; review and post prepayment application to open charges, and; update gross sales reports
2. Monthly accounting close process, including recordation of monthly operational activity
3. Monthly preparation of schedules to support the balance sheet and income recordation
4. Record monthly rental income, ancillary income, and reconcile cash receipts
5. Prepare monthly bank reconciliations
6. Record and amortize prepaid items such as insurance, loan fees and deferred income
7. Maintain fixed assets, calculate and record monthly depreciation and amortization expense
8. Reconcile security deposits to the subsidiary ledger monthly
9. Accrue all property taxes, which includes understanding how property taxes are calculated
10. Record debt service monthly, including principal amortization, interest expense, escrow accounts
11. Understand how to analyze and record bad debt expenses and prepaid rent
12. Record payroll biweekly
13. Record monthly accrued liabilities, including utility expenses, debt service, etc.
14. Record management fee expenses, asset management fees, and other G&A expenses monthly
15. Work with Asset Managers for proper capitalization of fixed assets and operational expenses
16. Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances
17. Complete analysis of financial data and assist with ad hoc projects
18. Prepare monthly financial statement reporting for investors and lenders
19. Monthly forecasting of income, expenses, and cash flow analysis
20. Quarterly consolidation of financial data
21. Prepare the annual budget
22. CAM reconciliations and billings
23. Assist with annual audit with outside auditors
24. Performs other related duties as assigned

Supervisory Responsibilities

1. Oversee all aspects of accounting for specific real estate assets.

Job Description

Required Skills/Abilities

1. Excellent organizational skills and attention to detail, strong time management skills with a proven ability to meet goals and deadlines.
2. Ability to function well in a fast-paced, high-volume environment.
3. Proficient with Microsoft Office Suite or related software.
4. Proficient with Yardi and all of the suites within Yardi.

Education and Experience

1. Bachelor’s degree required in accounting or a related area of study with a minor or concentration in accounting
2. A minimum of four years of experience in accounting or finance roles, preferably in commercial real estate environment
3. Understands internal controls for real estate operations and accounting
4. Understands financial reporting and the significance of each financial statement
5. Strong knowledge of GAAP, accrual basis, and cash basis accounting

Physical Requirements

1. Expected work hours: 9:00 to 5:00, Monday through Friday.
2. Travel: None
3. Work environment and physical demands: General office environment

Job Type: Full-time

Pay: $100,000.00

Experience level:

1. 5 years

Schedule:

1. 8 hour shift:9 am-5 pm
2. Monday to Friday- In person attendance required.

Ability to commute/relocate:

1. Los Angeles, CA 90232: Reliably commute or planning to relocate before starting work (Required)

Experience:

1. Real Estate: 5 year (Required)