BGSF
COMMERCIAL RETAIL PROPERTY ACCOUNTANT
Location: Houston, TX 77024
Pay: $75,000 - $90,000
MUST HAVE COMMERCIAL RETAIL REAL ESTATE EXPERIENCE, NO EXCEPTIONS
The Property Accountant performs daily property accounting duties for assigned retail properties that includes, but is not limited to, preparing financial reports, entering accrual journal entries in accordance with GAAP, reviewing operating statements and variance reports, payable review, performing reconciliations and ensuring accuracy, consistency and adherence to policies and procedures. The Property Accountant also utilizes MRI accounting software to perform property accounting required tasks. In addition, the Property Accountant works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, escalation settlements, etc. The Property Accountant will be responsible for a portfolio of buildings and is responsible for delivering a great experience when interacting and communicating with tenants, owners, vendors and fellow team members.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Daily maintain tenant leases sub-ledger in MRI Review (coding, approval) and post A/P invoices
Verify and post tenant cash receipts
Invoice miscellaneous charges and bill backs to tenants as needed
Assist Property Manager and VP of Retail Assets with special projects and be available as a resource
Monthly generate recurring monthly charges for tenant leases
Maintain the General Ledger for portfolio as assigned
Reconcile Balance Sheet accounts
Review monthly financial statements
Book accruals as needed. (utilities, security, AVTX expense)
Assist with collections as needed
Assist Property Manager with variance reporting
Calculate and invoice percentage rent as needed
Annually reconcile and invoice annual tenant recoveries
Assist Retail Operations Team with annual budget preparation
Provide annual audit support
Other duties may be assigned
QUALIFICATION REQUIREMENTS A bachelor’s degree with emphasis in accounting, finance, or related field preferred.
Minimum 3‑5 years of experience in Property Accounting in Office or Retail sectors.
A thorough understanding of the following concepts:
Application of Generally accepted accounting principles (GAAP)
Straight Line Rent
Percentage Rent
Language skills: Ability to read, analyze, and interpret general technical procedures or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from managers and clients. Must be able to understand and communicate effectively in English.
Mathematical skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Reasoning ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or schedule form.
Other skills and abilities: Proficient in the use of personal computer and Microsoft applications. Applicable experience in real estate accounting software, preferably with MRI. Ability to handle multiple projects, changing priorities and demanding, time‑sensitive workloads.
Physical demands: The employee is regularly required to sit and use hands to handle office equipment and paper reports, frequently required to stand and walk, occasionally required to reach with hands and arms, may occasionally lift up to 10 pounds a distance of 30 feet. Must be able to move freely throughout the location, including moving up and down stairs, and sit for up to 50% of the work day.
Work environment: The work environment is an office environment with moderate environmental conditions regarding temperature, noise levels, etc.
Houston Chronicle Top Work Places
Houston Business Journal Healthiest Employers
Houston Business Journal Best Places To Work
American Heart Association Fit‑Friendly Worksite
Mother‑Friendly Worksite
Seniority level
Associate
Employment type
Full‑time
Job function
Accounting/Auditing and Analyst
Real Estate and Accounting
Get notified about new Property Accountant jobs in Greater Houston.
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Pay: $75,000 - $90,000
MUST HAVE COMMERCIAL RETAIL REAL ESTATE EXPERIENCE, NO EXCEPTIONS
The Property Accountant performs daily property accounting duties for assigned retail properties that includes, but is not limited to, preparing financial reports, entering accrual journal entries in accordance with GAAP, reviewing operating statements and variance reports, payable review, performing reconciliations and ensuring accuracy, consistency and adherence to policies and procedures. The Property Accountant also utilizes MRI accounting software to perform property accounting required tasks. In addition, the Property Accountant works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, escalation settlements, etc. The Property Accountant will be responsible for a portfolio of buildings and is responsible for delivering a great experience when interacting and communicating with tenants, owners, vendors and fellow team members.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Daily maintain tenant leases sub-ledger in MRI Review (coding, approval) and post A/P invoices
Verify and post tenant cash receipts
Invoice miscellaneous charges and bill backs to tenants as needed
Assist Property Manager and VP of Retail Assets with special projects and be available as a resource
Monthly generate recurring monthly charges for tenant leases
Maintain the General Ledger for portfolio as assigned
Reconcile Balance Sheet accounts
Review monthly financial statements
Book accruals as needed. (utilities, security, AVTX expense)
Assist with collections as needed
Assist Property Manager with variance reporting
Calculate and invoice percentage rent as needed
Annually reconcile and invoice annual tenant recoveries
Assist Retail Operations Team with annual budget preparation
Provide annual audit support
Other duties may be assigned
QUALIFICATION REQUIREMENTS A bachelor’s degree with emphasis in accounting, finance, or related field preferred.
Minimum 3‑5 years of experience in Property Accounting in Office or Retail sectors.
A thorough understanding of the following concepts:
Application of Generally accepted accounting principles (GAAP)
Straight Line Rent
Percentage Rent
Language skills: Ability to read, analyze, and interpret general technical procedures or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from managers and clients. Must be able to understand and communicate effectively in English.
Mathematical skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Reasoning ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or schedule form.
Other skills and abilities: Proficient in the use of personal computer and Microsoft applications. Applicable experience in real estate accounting software, preferably with MRI. Ability to handle multiple projects, changing priorities and demanding, time‑sensitive workloads.
Physical demands: The employee is regularly required to sit and use hands to handle office equipment and paper reports, frequently required to stand and walk, occasionally required to reach with hands and arms, may occasionally lift up to 10 pounds a distance of 30 feet. Must be able to move freely throughout the location, including moving up and down stairs, and sit for up to 50% of the work day.
Work environment: The work environment is an office environment with moderate environmental conditions regarding temperature, noise levels, etc.
Houston Chronicle Top Work Places
Houston Business Journal Healthiest Employers
Houston Business Journal Best Places To Work
American Heart Association Fit‑Friendly Worksite
Mother‑Friendly Worksite
Seniority level
Associate
Employment type
Full‑time
Job function
Accounting/Auditing and Analyst
Real Estate and Accounting
Get notified about new Property Accountant jobs in Greater Houston.
#J-18808-Ljbffr