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Waterstone Properties Group

Property Accountant

Waterstone Properties Group, Needham Heights

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Benefits:

401(k) matching

Company parties

Dental insurance

Flexible schedule

Free food & snacks

Opportunity for advancement

Paid time off

Parental leave

Training & development

Vision insurance

Company: Waterstone Properties Group, Inc.

Role: Property Accountant

Reporting to: SVP of Finance

Full time in office, Needham, MA based

The Property Accountant will be responsible for a portfolio of approximately 20 commercial retail properties in the northeast. The Property Accountant will be responsible for the monthly preparation of financial statements, CAM recs, and customary transactions associated with the role.

Establish a relationship with the tenants serving as a point of contact for any questions that may arise

Record monthly rents from tenants and ensure tenant ledgers are accurate and can effectively communicate any delinquencies to management

Perform monthly reconciliations and update supporting workpapers of the properties including banking, accounts receivable, and other balance sheet accounts

Process all tenant billbacks for the property including periodic CAM recs, utility billbacks, percentage rent, and other tenant specific expenses

Review and analyze the general ledger activity and P&L ensuring accuracy that expenses are properly recorded - completing journal entries as needed

Collaborate with property management in preparation of the annual property level budgets and other ad hoc requests

Demonstrate an ability to understand commercial retail leases and properly interpret lease language surrounding percentage rent and CAM language

Prepare detailed monthly property level financial statements for management

Identify and implement process improvements associated with the role that result in overall efficiencies for the company

Requirements

Bachelors degree in accounting

Prior commercial real estate experience preferred

Experience with Yardi strongly preferred or similar accounting software

3 to 5 years of general ledger / financial statement preparation in a similar environment.

Ability to collaborate across the organization and communicate up, down and across to all stakeholders

Demonstrated experience with Microsoft Office and associated products - strong Excel knowledge

The ideal candidate will be highly organized, detailed, with strong analytical skills

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