This opening is with our partners who own a privately held commercial & industrial real estate management and investment company with a 30 year history in the Greater Boston area. Join a growing real estate accounting team as a Property Accountant supporting a portfolio of commercial buildings. This is a newly created direct hire role with strong visibility, balanced hours, and a clear ramp up plan.
Key Details
- Title: Property Accountant
- Location: Boston, MA, Financial District
- Schedule: 9:00 AM to 5:00 PM
- Work arrangement: In office daily for the first 6 months, then will shift to hybrid
- Pay Range: base salary range of $85,000 - $92,500plus 10 percent annual bonus target
- Benefits: Healthcare, Dental, Vision, 401k, and more
Why This Job is Awesome / Your Impact
- Step into a newly created seat driven by growth and a new portfolio
- Own a portfolio end to end, with meaningful client interaction and internal partnership
- Join a stable team with strong work life balance and clear expectations around deadlines and deliverables
Responsibilities
- Own month end close and client reporting for a portfolio of commercial properties, consistently meeting deadlines
- Review the general ledger and prepare financial statements, variance explanations, and reporting packages
- Prepare budgets and forecasts for assigned properties
- Complete bank reconciliations, journal entries, and accruals
- Manage tenant setup and ongoing maintenance in the property accounting system and maintain strong working knowledge of lease terms
- Prepare CAM and real estate tax calculations, billings, and monthly tenant billings
- Support cash activity including applying receipts, coordinating cash transfers, and assisting with check runs based on cash position
- Prepare annual workpapers, support audits, and respond to internal and external stakeholder inquiries related to reporting and tenants
Required Qualifications
- Bachelor's degree
- 2 to 4 years of commercial and/or industrialreal estate accounting experience. Those with only residential real estate experience will not be considered for this opening.
- Experience with Yardi or MRI
- Strong understanding of commercial leases and how to set up lease details in a property accounting system
- Solid experience with CAM, billing, journal entries, and accruals