Property Accountant

Stonebridge Bethesda , MD 20814

Posted 1 week ago

Property Accountant

Job Description

THE POSITION:

The Property Accountant will be responsible for the accounting and financial reporting of a group of commercial and development real estate assets. This position is located in Bethesda, MD.

Responsibilities

  • Monthly and year-end reconciliations and closing for assigned properties.
  • Prepare and review monthly and year-end financial statements.
  • Prepares monthly loan draws and monitors funding and disbursement.
  • Assist in coordination and support of third-party auditors.
  • Assist in coordination and support of third-party tax preparers.
  • Deliver consistently high quality and timely reporting.
  • Collaborate with the property management on preparation of the property operating budget.
  • Prepare annual CAM reconciliations.
  • Collaborate with the investor reporting function on fund reporting.
  • Integrate acquisitions into accounting and reporting frameworks.
  • Analyze and interpret operating and financial information regarding profitability, capital expenditures, and performance against budget.

Qualifications

  • Bachelor’s degree from a four year college or university
  • 2 - 3 years of relevant experience within the real estate industry.
  • Certified Public Accountant (CPA) or candidate preferred
  • Experience with MRI is a plus
  • Strong leadership, team building and motivational abilities
  • Exceptional communication skills and ability to interact with wide range of people.
  • Strong multi-tasking skills
  • Attentive to detail
  • Ability to prioritize work and meet deadlines.
  • Proficient in Microsoft Excel and other Office products

Relationships

  • Reports to Accounting Manager and Director of Finance and Accounting
  • Maintain relationships with peers and all other departments within Stonebridge
  • Maintain relationships with suppliers, vendors, and others serving SCM or the properties
  • Maintain relationships with the finance and accounting staff for clients and venture partners
  • Maintain day to day relationships with banking institutions

Activities

The activities listed here are not all-inclusive; rather, they indicate the types of activities normally performed by this position.

  • Preparation of monthly financial reports.
  • Prepares monthly loan draws and monitors funding and disbursement.
  • Prepares disbursements, reviews checks for accuracy (i.e. account numbers)
  • Prepares monthly accrual entries
  • Preparation and submission of required budget materials, including data, to the appropriate regulatory agencies.
  • Monitors expenses to insure compatibility with budgeted amounts. Brings any discrepancies or questions to the Accounting Manager and Project Manager’s attention.
  • Preparation of year-end materials for auditor review.
  • Assists property auditors in preparing year-end audits, tax returns and auditing,
  • Assists in coordinating the submission of tax returns to the appropriate governmental bodies.
  • Prepares special financial reports (i.e. owner's requests, special reporting requirements.)
  • Coordinates funding of escrows and reserves.
  • Ensures proper banking procedures and maintain an ongoing relationship with banking institutions
  • Ensures that the necessary controls and audit trials are accounted for through the various signature cards and balances.
  • Prepares monthly mortgage payments.
  • Preparation of loan requests (i.e. reduction in guarantees or letters of credits, business plan approval, etc.)
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Property Accountant

Stonebridge