Staff Accountant With Commercial Real Estate Experience

Job Summary The Staff Accountant is responsible for the day-to-day accounting and financial reporting for a portfolio of commercial properties. Key priorities include maintaining the accuracy of the general ledger, managing tenant billings, and ensuring compliance with lease agreements and GAAP standards. Core Responsibilities Monthly Financial Reporting: Prepare accurate monthly, quarterly, and annual financial statements, including balance sheets and income statements for assigned assets. Lease & Tenant Administration: Rent Roll Maintenance: Update and audit property rent rolls to track income and vacancies. CAM Reconciliations: Calculate and reconcile Common Area Maintenance (CAM), property tax, and insurance "true-ups" billed to tenants. Lease Review: Review lease abstracts to ensure proper setup of rent escalations and expense recoveries. General Ledger & Reconciliations: Perform monthly bank and balance sheet reconciliations. Record journal entries for accruals, depreciation, and straight-line rent. Accounts Payable & Receivable: Oversee full-cycle AP, ensuring correct GL coding for property-level expenses. Manage AR collections, tenant billings, and security deposit processing. Budgeting & Analysis: Assist property managers in preparing annual operating budgets. Conduct variance analysis to explain differences between budgeted and actual performance. Audit & Tax Support: Prepare schedules and work papers for external audits and annual tax filings. Required Skills & Qualifications Education: Bachelor’s degree in Accounting or Finance. Experience: 1-3 years of accounting experience; preference for candidates with a background in property management or construction. Software Proficiency: Advanced knowledge of SAGE 300 is highly preferred, alongside advanced Excel skills (Pivot Tables, VLOOKUPs). Technical Knowledge: Deep understanding of GAAP, especially revenue recognition and lease accounting standards.