Operating Property Accountant, US

Overview

Own month-end close and financial reporting for an assigned portfolio of US properties, including financial statements and accurate accounting records, working closely with property management and onshore accounting teams.

What you'll do

• Execute the month-end close for the assigned portfolio, ensuring journal entries, accruals and reconciliations are completed accurately and within close deadlines
• Prepare monthly and quarterly financial statements for multiple properties in accordance with company accounting policies and procedures
• Generate standard, recurring and non-recurring journal entries, resolving questions arising from unusual variances or fluctuations
• Perform monthly Common Area Maintenance (CAM) reconciliations and recovery analysis, identifying under- or over-recovery positions and posting adjusting entries
• Coordinate the month-end expense accrual process with property managers, reviewing accrual estimates for reasonableness and posting entries within the monthly deadline
• Maintain the close calendar and checklist for the assigned portfolio, confirming tasks are completed and supported within the close timeline
• Review special billings for coding accuracy and completeness of supporting documentation, including CAM, property tax, insurance and manual billings
• Reconcile balance sheet accounts monthly, researching and resolving reconciling items in a timely manner and preparing variance analyses
• Review income statements to detect potential risks and issues
• Summarize the drivers of financial statement fluctuations by major category, including rental revenue, recoveries, net operating income, non-recoverable expense and bad debt
• Review tenant ledgers and aged receivables, and record bad debt expense for the assigned portfolio
• Work with BMR corporate, tax, treasury and lease administration teams to support information requests and cross-functional reporting needs
• Partner with property management teams on expense accruals, CAM reconciliations and tenant audit requests
• Coordinate with the onshore accounting team on close deliverables, escalating issues and open items in a timely manner
• Support process improvement and documentation efforts, standardizing recurring portfolio processes
• Take on additional projects as needed

What you'll need

• University/college accounting degree consistent with local market expectations for the role
• Accounting certifications consistent with local market expectations for the role
• 6+ years of accounting experience
• Experience with month-end closing activities and financial reporting processes
• Experience managing full-cycle accounting and month-end close responsibilities
• Ability to analyze, interpret and communicate portfolio financial data
• Working knowledge of US GAAP, including accrual accounting and revenue recognition
• Knowledge of department policies, processes and procedures
• Strong MS Excel skills
• Attention to detail in close, reconciliations and reporting
• Analytical thinking to identify issues, trends and improvement opportunities
• Clear, professional communication and collaboration across departments
• Organization and time management across multiple properties and deadlines
• Accountability for assigned work and accounting processes
• Adaptability in a dynamic, fast-paced environment and across time zones

Nice to have

• Real estate property accounting experience, with familiarity with lease accounting, CAM reconciliations and tenant billings
• Experience in a GCC (Global Capability Center), shared services or BPO environment supporting a US-based team
• Familiarity with ERP and accounting systems or property management software such as MRI, Nexus Payables and Oracle

Details

• Able to work effectively across time zones