Accounting Manager

PREIT; Philadelphia (Philadelphia County); On-site; USD 120,000 - 130,000; Full time

Job summary

PREIT is seeking an Accounting Manager in Philadelphia, PA to lead month‑end close, prepare financial statements, and supervise bookkeepers and staff. The role focuses on internal/external reporting, reconciliations, and account analyses for properties and development projects.

The ideal candidate has 5–7 years of accounting experience, a Bachelor’s in accounting/finance, and strong Excel skills; CPA/MBA are a plus. This is a full‑time on‑site position with growth opportunities.

Qualifications

• Bachelor’s degree in accounting or finance; CPA and/or MBA a plus.
• 5–7 years public or general accounting experience.
• Strong communication and written skills; team player.
• Prior supervisory experience preferred.
• Highly organized with ability to multi‑task and meet deadlines.
• Advanced Excel skills including pivot tables and formulas.
• Experience with Yardi, JD Edwards, Cognos, and Power BI preferred.

Responsibilities

• Lead month‑end close and ensure accurate reconciliations of cash, expenses, and revenues.
• Prepare and review adjusting GL entries and accruals (CAM, taxes, depreciation, etc.).
• Maintain fixed asset ledger and review monthly depreciation.
• Record straight‑line rent revenue related to tenant activity.
• Produce actual vs budget/actual vs prior year variance analyses.
• Prepare financial statements for internal and external distribution.
• Assist in tax filings and quarterly reporting; liaise with auditors as needed.
• Support Lease Administration, budgeting, and refinancing due diligence.

Skills

Communication

Team leadership

Detail‑oriented

Excel

Multi‑tasking

Financial analysis

GAAP

Education

Bachelor’s degree in accounting or finance

CPA

MBA

Tools

Yardi

JD Edwards

Power BI

Cognos

Job description

Accounting Manager

Job Location: Philadelphia, PA 19103
Position Type: Full Time
Salary Range: $120,000.00 - $130,000.00 / Salary/year

The Accounting team leads the Company’s efforts associated with internal and external financial reporting, operational reporting, and day-to-day accounting functions. The Accounting Manager will assist in all aspects of accounting comprised of financial reporting and general accounting, including monthly property, corporate and development accounting processes such as reconciliations and account analyses, participate in the management and external reporting process, and assist on special projects as directed by senior management. This role will also supervise other staff on the team such as bookkeepers and accountants.

Financial Statements (Monthly and Quarterly)

• Perform/review month end close by analyzing all cash, income and expense accounts, and ensure cash receipts and payable entries are accurate and reconciled.
• Prepare/review all necessary adjusting general ledger entries and work papers (e.g., accruals such as CAM, Real Estate Taxes, Percentage Sales in Lieu, Percentage Rents, Utilities, mortgage interest, etc. and prepaid assets for Real Estate Taxes, Insurance, etc.).
• Maintain fixed asset ledger and analyze all capital additions and prepare/review monthly depreciation entries.
• Maintain rent revenue on a straight‑line basis related to tenant activity.
• Prepare clear and concise actual vs budget and actual vs prior year variance analyses.
• Produce financial statements for internal and external distribution.
• File sales and use taxes for certain properties.
• Assist Lease Administration with recurring billings as needed.

Compliance Reporting

• Provide requested accounting information on a quarterly and annual basis for tax preparers.
• Compile all the necessary documentation for quarterly debt covenant reporting.
• Assist with completion of annual GAAP and SEC disclosure checklists.
• Serve as a liaison and develop/review/provide workpapers to external auditors for requests during the annual audits.
• Prepare analyses and/or ad‑hoc reports as requested by Management.
• Assist in other accounting department duties as needed.
• Assist Asset Management department with refinancing and sale transactions’ due diligence requests.

PROPERTY MANAGEMENT SUPPORT

A/R & Collections

• Supervise Bookkeeper and work closely with Property General Manager and Asset Manager on current month collection issues.
• Coordinate with Bookkeeper with questions on non-recurring billings, review proposed write‑offs.
• Assist with budgeting and reforecasting process.
• Assist with review and quality control of budget process, as needed.

Non‑Recurring Tenant Billings/Adjustments

• Calculate percentage rent.
• Complete annual expense reimbursement reconciliations for CAM, Real Estate Taxes, Food Court CAM, Insurance & Security.
• Review and post manual billing adjustments prepared by bookkeeper.

Qualifications

• Bachelor’s degree in accounting or finance; CPA and/or MBA a plus.
• 5 to 7 years public or general accounting experience.
• Enthusiastic individual with ability to communicate effectively, both verbally and in writing, and work as a team player.
• Prior supervisory experience is preferred.
• Ability and willingness to learn and master new tasks.
• Highly organized and detail oriented with the ability to multi‑task and balance competing priorities.
• Flexibility to work in a fast‑paced environment and meet strict deadlines.
• Advanced proficiency in Excel, including reference formulas, pivot tables, and other higher level financial and statistical formulas.
• Experience with (or willingness to learn) Yardi, JD Edwards and Business Intelligence platforms like Cognos and MS Power BI.
• Accurate numerical ability and attentiveness to detail.