We are seeking a detail-oriented, motivated Entry Level Property Accountant to join our real estate development accounting team. This role is ideal for a recent accounting graduate or early-career professional looking to build a strong foundation in real estate and property-level accounting. You will support the month-end close process, general ledger reconciliations, and financial reporting for a portfolio of assigned properties, working closely with senior accountants and property management teams.
Requirements
- Ensure monthly books are closed accurately and on a timely basis for all assigned properties, in accordance with established close calendars and deadlines
- Prepare and post journal entries, including accruals, prepaids, and recurring entries, in support of the monthly close process
- Complete monthly, quarterly, and annual general ledger account reconciliations for assigned properties
- Responsible for the accounts payable process, ensuring accurate and timely completion of weekly check runs while addressing internal invoice-related inquiries
- Investigate and explain variances between actual results, budgets, and prior periods, providing clear written commentary to management
- Review and reconcile bank statements, intercompany accounts, and balance sheet accounts
- Assist in the preparation of monthly financial statements and supporting schedules for property owners, investors, and management
- Maintain accurate and organized supporting documentation for all journal entries and reconciliations to support internal controls and audit requirements
- Collaborate with property management, leasing, and asset management teams to obtain and verify financial data in addition to managing the quarterly Capital Expenditures (CAPEX)/Construction in Process (CIP) reporting process
- Assist with cash management functions, including monitoring property bank balances and funding requests
- Support annual budget and forecast preparation as needed
- Respond to ad hoc requests from Senior Accountants and/or Controller
- Identify process improvement opportunities to increase efficiency and accuracy of the close process
Qualifications
- Bachelor’s degree in Accounting, Finance, or relative experience
- 1–3 years of accounting experience handling functions including month end close, posting journal entries, and reconciliation; internship or coursework in real estate/property accounting a plus
- Basic understanding of GAAP and general ledger accounting principles
- Strong analytical skills with the ability to identify and research variances
- High attention to detail and strong organizational skills
- Excellent computer skills including proficiency in Microsoft Excel (pivot tables, lookups, basic formulas), Microsoft Word, and Outlook
- Experience with accounting or property management software (e.g., Yardi, MRI, AppFolio) is a preferred, but not required
- Strong written and verbal communication skills
- Ability to manage multiple deadlines and prioritize tasks in a fast-paced environment
- Team-oriented with a willingness to learn and take direction