Property Accounant

The Third Group; United States; On-site; USD 60,000 - 81,000; Full time

Job summary

The Third Group is seeking a Commercial Property Accountant to manage full-cycle accounting for a portfolio of commercial properties in the United States. You will handle month-end closes, CAM reconciliations, tenant billing, and financial reporting while coordinating with property management teams to ensure timely, accurate results.

Ideal candidates have a Bachelor’s in Accounting or Finance with 2–4+ years in property accounting, strong GAAP knowledge, and proficiency in Yardi Voyager or MRI.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 2–4+ years in property accounting preferred.
• Experience with CAM reconciliations and tenant billing.

Responsibilities

• Manage full-cycle accounting for an assigned portfolio of commercial properties, including office, retail, and/or industrial assets
• Prepare monthly and annual financial statements, including supporting schedules and variance analysis
• Perform month-end and year-end close activities, including journal entries, accruals, and prepaids
• Prepare and process CAM reconciliations, ensuring accurate billing of operating expenses and tenant recoveries
• Manage tenant billing, including base rent, percentage rent, escalations, and recovery charges
• Perform balance sheet reconciliations, fixed asset accounting, and depreciation schedules
• Manage accounts payable and cash management functions for assigned properties
• Reconcile mortgage and loan schedules, including debt service and covenant compliance tracking
• Prepare budget-to-actual variance reports and assist with annual property budgets
• Collaborate with property managers, asset managers, and leasing teams to ensure accurate financial reporting and lease administration
• Support internal and external audit requests, preparing schedules and documentation as needed
• Ensure compliance with lease agreements, GAAP, and company accounting policies
• Assist with special projects, including property acquisitions, dispositions, and system implementations

Skills

GAAP knowledge

Advanced Excel

Analytical skills

Communication skills

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi Voyager

MRI

Job description

Position Summary

The Commercial Property Accountant will be responsible for full-cycle accounting for an assigned portfolio of commercial properties, including office, retail, and/or industrial assets. This role will manage month-end close, CAM reconciliations, tenant billings, and financial reporting, while partnering closely with property management teams to ensure accurate and timely financial results.

Key Responsibilities

• Manage full-cycle accounting for an assigned portfolio of commercial properties, including office, retail, and/or industrial assets
• Prepare monthly and annual financial statements, including supporting schedules and variance analysis
• Perform month-end and year-end close activities, including journal entries, accruals, and prepaids
• Prepare and process CAM (common area maintenance) reconciliations, ensuring accurate billing of operating expenses and tenant recoveries
• Manage tenant billing, including base rent, percentage rent, escalations, and recovery charges
• Perform balance sheet reconciliations, fixed asset accounting, and depreciation schedules
• Manage accounts payable and cash management functions for assigned properties
• Reconcile mortgage and loan schedules, including debt service and covenant compliance tracking
• Prepare budget-to-actual variance reports and assist with annual property budgets
• Collaborate with property managers, asset managers, and leasing teams to ensure accurate financial reporting and lease administration
• Support internal and external audit requests, preparing schedules and documentation as needed
• Ensure compliance with lease agreements, GAAP, and company accounting policies
• Assist with special projects, including property acquisitions, dispositions, and system implementations

Qualifications

• Bachelor's degree in Accounting or Finance required
• 2-4+ years of property accounting experience, preferably in commercial real estate
• Experience with CAM reconciliations and tenant billing required
• Proficiency in property management/accounting software (Yardi Voyager, MRI, or similar) strongly preferred
• Strong knowledge of GAAP and real estate accounting principles
• Advanced Microsoft Excel skills (pivot tables, VLOOKUP/XLOOKUP, SUMIFS)
• Strong analytical, organizational, and communication skills
• Ability to manage multiple properties and deadlines in a fast-paced environment

Preferred Attributes

• Experience with lease administration and lease abstraction
• Familiarity with debt covenant compliance and lender reporting
• Experience supporting property acquisitions or dispositions
• CPA or progress toward CPA a plus

Compensation

$70,000 per year