Property Accountant
Kforce
Kforce's client, a successful private equity real estate company located in Boston, is in search of a Property Accountant. This company offers a stable work environment, competitive compensation and a hybrid work situation. The Property Accountant will manage the day-to-day general accounting tasks as well as quarterly financial and management reporting requirements for the properties and funds under management. They will be responsible of ensuring affected parties such as tenants, property management, and joint venture partners receive information and reporting in a timely and professional manner. This position has frequent interaction with the outside accounting consultant and property management staff of the firm.
Responsibilities:
* Plan and execute the quarterly close process, including preparing journal entries and external reporting packages for the properties under management
* Assist the fund-level accounting for the investors
* Assist in the preparation and review of the operating revenue/expense budgets
* Administer the quarterly distributions for the fund investors
* Perform data entry and updates to the accounting system such as journal entries and new leases
* Review and code accounts payable invoices weekly
* Assist property managers with billing questions/collections from tenants
* Send rent statements and utility billings monthly to tenants and monitor cash receipts
* Prepare monthly bank, accounts receivable, mortgage payables and other balance sheet account reconciliations
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