Property Accountant

Centennial Real Estate Company LLC; Dallas (TX); Hybrid; USD 70,000 - 95,000; Full time

Benefits offered by this job

Hybrid schedule

Job summary

Centennial Real Estate Company LLC seeks a Property Accountant to manage financial reporting, budgeting, forecasting and cash management for a designated property portfolio. You will partner with property managers, ensure compliance with debt covenants, and prepare consolidated monthly packages for owners and asset managers.

The role requires a four-year accounting degree, CPA license, and 3 years of real estate or public accounting experience.

Qualifications

• Four year degree in Accounting required.
• CPA license required.
• 3 years of real estate and/or public accounting experience preferred.
• GAAP experience required.
• Exhibits strong interpersonal skills and critical thinking skills.
• High degree of professionalism in addition to excellent communication, analytical, and problem solving skills.
• Team oriented, with the ability to build effective relationships in a cohesive business environment.
• First 90 days in the office for training; then hybrid schedule based on performance, up to 2 days per week WFH.
• Part-time is also available with prorated salary and bonus.
• High proficiency in Excel is desired.
• FAS asset software.

Responsibilities

• Reports accurately and timely the financial records of the assigned portfolio, including budgets and forecasts.
• Works closely with the property managers to ensure consistency and promote effectiveness in operations reporting.
• Ensures implementation of company-wide property management accounting and reporting initiatives.
• Prepares monthly reporting packages for institutional owners and asset managers with input from property management.
• Maintains a calendar of all required debt covenant reporting deadlines and prepares reports as required by covenants.
• Prepares and reviews monthly accruals and straight-line rent journal entries.
• Reconciles balance sheet accounts monthly.
• Records tax basis entries as needed for year-end and prepares tax and audit work papers.
• Ensures delinquency reports are correct and contacts property management about delinquencies.
• Understands lease terminology and works closely with Lease Administrators.
• Monitors cash and ensures timely payments; prepares funding reports.
• Participates in budget preparation by providing information and analysis to property managers.
• Reviews budgets for accuracy and uploads into accounting software.
• Prepares monthly bank reconciliations for assigned properties.
• Tracks tenant upfit allowances using Excel and job costing software.
• Maintains fixed asset listings and depreciation.
• Analyzes data from several sources to provide accurate answers for owners.
• Prepares personal property tax listings and monitors sales/use tax for owners.

Skills

Interpersonal skills

Critical thinking

Communication

Analytical skills

Problem solving

Teamwork

Education

Bachelor's degree in Accounting

CPA license

Tools

Excel

FAS Asset Software

Job description

We are looking for a Property Accountant to assume the role of financial expert for a designated portfolio of complex properties. This person will be responsible for providing timely and accurate reporting of the financial operations, including financial reporting, budgeting, forecasting and cash management.

Responsibilities:

• Reports accurately and timely, the financial records of the assigned portfolio, including budgets and forecasts
• Works closely with the property managers to ensure consistency and promotes effectiveness in operations reporting
• Ensures implementation of company-wide property management accounting and reporting initiatives
• Prepares monthly reporting packages for institutional owners and asset managers with input from property management
• Maintains a calendar of all required by debt covenant reporting deadlines for assigned properties and prepares accurate and timely reporting as required by covenants
• Prepares and reviews monthly accruals and straight-line rent journal entries
• Reconciles balance sheet account monthly
• Records tax basis entries as needed for year-end and prepares tax and applicable audit work papers
• Ensures delinquency reports are correct and contacts property management about serious delinquencies
• Understands lease terminology and works closely with Lease Administrators
• Monitors cash and ensures that critical payments are made timely and prepares funding reports as needed
• Participates in budget preparation by providing information and analysis to property managers
• Reviews budgets for accuracy and uploading into accounting software
• Prepares monthly bank reconciliations for assigned properties
• Tracks tenant upfit allowances using Excel and job costing software
• Maintains fixed asset listings and depreciation
• Analyzes data from several sources and provides accurate and complete answers for owners
• Prepares personal property tax listings and monitors sales/use tax for owners
• 40-45 hours per week based on reporting cycles
• Handles other duties as assigned by Assistant Controller

Desired Competency, Experience and Skills:

• Four year degree in Accounting required
• 3 years of real estate and/or public accounting experience preferred
• GAAP experience required
• Exhibits strong interpersonal skills and critical thinking skills
• High degree of professionalism in addition to excellent communication, analytical, and problem solving skills
• Team oriented, with the ability to build effective relationships in a cohesive business environment
• First 90 days in the office for training; then hybrid schedule based on performance, up to 2 days per week WFH
• Part-time is also available with prorated salary and bonus
• High proficiency in Excel is desired
• FAS asset software
• CPA license required

#IND123

Centennial is a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners. With over 300 employees nationwide, the firm now operates 20 million square feet of mixed-use destinations in 16 states. Since 1997, Centennial has played a pivotal role in shaping the evolution of American retail by creating a superior multi-faceted shopping experience with properties that serve not only as a place of commerce, but as a place of community.
#centennial #createdbycentennial

Centennial does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Centennial to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Centennial will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.

All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.