Apply on Employer Site

Highwoods Properties · 1 day ago

Property Accountant

Raleigh, NC

Full-time

Onsite

Mid Level

4+ years exp

Highwoods Properties is a company that values integrity, collaboration, and growth in the commercial real estate sector. The Property Accountant will manage the financial accounting for a portfolio of properties, generate financial statements, conduct variance analysis, and ensure compliance with accounting principles and internal controls.

Asset ManagementConstructionReal EstateReal Estate Investment

Responsibilities

Obtain, review, and analyze property lease agreements, including review of new leases, amendments, modifications, renewals, and termination agreements

Verify fully executed lease documents to approved lease parameters

Determine applicable lease information for use in calculating the net effective rent for each new lease

Calculate operating expense reimbursement billings (estimates, reconciliations, and year-end accruals) for specific properties, taking into consideration budgets, adjusting for occupancy, specific expense exclusions, and other clauses

Determination of monthly revenue and expense accruals based on an analysis of trends, timing, and general ledgers of assigned portfolios; requires the ability to interact with operations personnel and translate discussions into impactful accounting decisions

Review building expenses for proper coding and research variances, engaging with field personnel to resolve potential issues/discrepancies

Perform operating revenue and expense variance analysis, comparing multiple periods as well as forecasted and actual results for use by field personnel and executive management

Provide recovery analysis for discretionary building costs to help optimize recoverability which includes discussions with property managers to understand the impact of certain costs

Review of annual building budgets; understanding year over year changes and trends

Prepare building-level entries, reconciliations and reports: i.e., balance sheet account reconciliations, occupancy statistics, terminations/early move-outs

Qualification

General Ledger experienceFinancial analysisLease contract analysisJD Edwards softwareBachelor’s degree in accountingAttention to detailOrganizational skillsTime managementVerbal communicationWritten communication