1st Commercial Realty Group Inc · 1 week ago
Property Accountant
Upland, CA
Full-time
Onsite
Senior Level
5+ years exp1st Commercial Realty Group Inc is focused on building lasting relationships with property owners and local brokers. The Property Accountant is responsible for managing the day-to-day accounting functions for a portfolio of properties, including financial reporting, budgeting, and maintaining financial records.
Property ManagementReal EstateReal Estate Investment
Hiring Manager
Valarie Olivas
Responsibilities
Serves as the accounting liaison to other departments for the assigned property portfolio
Preparation and distribution of month-end close
Financial reporting
Cash management
Maintain fixed assets
Assist in the planning of annual budget
CAM reconciliations
Tenant billings and balance sheet account reconciliations
Maintain the overall integrity of the financial records of the assigned property portfolio
Train entry-level team members
Review of accounting functions prepared by members of accounting team
Perform initial review of reports prepared by members of accounting team
Address day-to-day operation questions/issues
Prepare and distribute monthly financial reports – prepare monthly journal entries, financial statement preparation and bank reconciliations
Oversee Accounts Receivable process – monitor cash receipts, review and bill tenant recurring charges and billing adjustments and perform tenant ledger reconciliations
Coordinate Accounts Payable process – review invoice coding and approvals, and ensure proper audit trail is in place
Maintain sales information – monitor collection of sales and review reports Review leases and leasing activity to ensure accurate billing
Supervise cash management procedures – audit petty cash, oversee service center cash procedures and gift certificate procedures
Assist with annual budget preparation – compile key assumptions and capital budget information, maintain lease level budgeting for all tenants, review and enter budget information into the accounting system, process estimates for miscellaneous income and specialty leasing
Prepare quarterly reports - quarterly forecast preparation, and provide support to the corporate office in gathering information for the quarterly financial reports
Annual year-end reconciliation process – CAM, percentage rent, insurance utilities, sewer/trash, real estate taxes
Assist with monthly audit of financials prepared by team members and provide guidance, feedback, and quality assurance
Assit with leadership, training, mentoring, and performance oversight to entry-level and mid-level accounting staff
Assisting with identifying, recording, and implementing process improvements, system enhancements, and internal controls
Qualification
Required
Bachelor's degree in accounting or equivalent experience
Minimum of 5 years of Commercial Property Accounting experience
Cash basis and Accrual Accounting
Working knowledge of GAAP
Ability to read, analyze, articulate and compile financial reports
Effectively manage multiple properties/owner simultaneously in a deadline driven environment
Exceptional attention to detail
Strong time management and organizational skills
Able to work with minimal supervision
Strong proficiency in Excel
Proficient at MS Word and Outlook
Preferred
Proficient in Accounting Software: AvidXchange, Yardi, RealPage, SharePoint
Bi-lingual English/Mandarin, Chinese, Japanese or Cantonese
Benefits
Retirement Account - Company match contribution
Dental Insurance
Health Insurance
Paid time off
Vision Insurance
Company
1st Commercial Realty Group Inc
1st Commercial Realty Group Inc is a “Management Focused” commercial property management company with over 30 years of experience managing retail, industrial, office & medical investments for private and institutional investors throughout the Western U.S.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase