Property Accountant

COPT DEFENSE PROPERTIES, LP; Columbia (MD); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health benefits

Job summary

COPT DEFENSE PROPERTIES, LP in Columbia, MD is seeking an Accounting Associate to support portfolio finance operations. You will perform month-end close, prepare journal entries for rental revenue, CAM accruals, and operating expenses, and reconcile Balance Sheet accounts under the guidance of the Portfolio Controller.

You will analyze variances to budgets, monitor AP/PO processes, and participate in annual expense true-ups, with emphasis on internal controls, SOX compliance, and collaboration

Qualifications

• Bachelor’s degree in accounting or related field is required.
• CPA or CPA Candidate preferred.
• 1-3 years related accounting experience with strong performance.
• Must have solid understanding of GAAP and Sarbanes-Oxley.
• Familiarity with accounting software.

Responsibilities

• Work with Portfolio Controller to maintain books and records for assigned properties.
• Perform month-end close activities for the portfolio.
• Record monthly journal entries: rental revenue, CAM accruals, direct tenant billings, operating expense accruals.
• Prepare variance analyses comparing actuals vs budgets/forecasts.
• Prepare Balance Sheet reconciliations for Portfolio Controller review.
• Resolve outstanding items with judgment and discretion.
• Ensure internal controls are maintained.
• Participate in regular meetings with Property Management teams to review financial results and update forecasts.
• Prepare and analyze budgets and forecasts with Portfolio Controller.
• Monitor purchase orders and pay invoices for timely payment and proper coding.
• Participate in annual operating expense true-up process to bill tenants as per leases.
• Monitors tenant accounts for completeness and accuracy.
• Support Accounts Receivable in resolving questions/issues.
• Participate in due diligence for acquisitions/dispositions/financing.

Skills

Analytical skills

GAAP knowledge

SOX compliance

Financial reporting

Communication

Independent work

Education

Bachelor's degree in accounting

CPA or CPA Candidate preferred

Tools

Microsoft Office

Accounting systems

Job description

• Work with Portfolio Controller to maintain books and records for assigned properties.
• Perform assigned month-end close activities of assigned portfolio of properties.
• Propose and/or record monthly journal entries including rental revenue, CAM accrual and direct tenant billings; monthly operating expense contract accruals; and other operating expense accruals.
• Prepare required variance analysis comparing actual against budget and forecasts in current and prior periods.
• Prepare Balance Sheet account reconciliations for review by Portfolio Controller.
• Resolve outstanding items using judgement and discretion as appropriate.
• Ensure internal controls are being maintained.
• Participate in regular recurring meetings with Property Management teams to review financial results, discuss outstanding A/R and to update quarterly forecasts with Property Managers. Collaborate with and provide support to Property Management teams as needed.
• Work with Portfolio Controller to prepare and analyze budgets and forecasts
• Monitor and review purchase orders and pay invoices to ensure timely payment and recording as well as proper coding.
• Participate in the annual operating expense true-up process to ensure accurate billings or refunds to tenants in accordance with the lease requirements.

SECONDARY RESPONSIBILITIES

• Monitors tenant’s accounts for completeness and accuracy.
• Supports Accounts Receivable function in resolving questions/issues.
• Participates in the due diligence process for acquisitions, dispositions or financings which requires an intense effort in a compressed timeframe.
• Participates in maintaining the internal controls and policies of CDP.
• Communicate any deficiencies in controls to Supervisor.
• Other job-related duties as assigned.

QUALIFICATIONS

Education:

• Bachelor’s degree in accounting or related field is required

Further Training

• CPA or CPA Candidate preferred.

Professional Experience:

• 1-3 years related accounting experience with strong performance necessary.
• Will consider college graduate with CDP internship experience.

Computer Skills:

• PC proficiency to include but not limited to) Microsoft Office applications (Word, Excel, Outlook, etc.) and ability to learn company specific software.
• Ability to adapt to new or changing software programs.
• Familiarity with accounting systems required.

Mobility:

Other Requirements:

• Strong analytical, technical, and interpersonal and communication skills required.
• Demonstrated ability to manage and comprehend multiple and complex business transactions and documents simultaneously with good and possibly independent judgment.
• Must have strong critical thinking skills.
• Must possess solutions-based approach to identified areas of opportunity.
• Must be able to work independently.
• Must possess a working knowledge of GAAP and Sarbanes Oxley.

Pay Range: $70,000 - $90,000

CDP proudly offers to all employees working a minimum of 30 hours per week market-leading health benefits including medical, dental, vision and prescription, etc.

Education

Required

Bachelors or better in Accounting.

Experience

Preferred

1-3 years related accounting experience with strong performance necessary.

Licenses & Certifications

Preferred

CPA

Equal Opportunity Employer
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