Property Accountant for Office Buildings

Dhanani Private Equity Group; Sugar Land (TX); On-site; USD 85,000 - 125,000; Full time

Job summary

Dhanani Private Equity Group is seeking an experienced real estate accounting professional to manage property-level financial statements, leases, CAM/ OpEx, budgeting, and cash management for its portfolio in the United States.

You will review third-party manager packages, prepare reconciliations, support audits, and provide insightful variance analysis to asset managers and ownership. This role requires GAAP expertise, ASC 842 rent accounting, and strong Excel skills.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 5+ years of commercial real estate property accounting.
• 3+ years on office, retail, or industrial assets.
• Hands-on CAM/OpEx reconciliations experience.
• GAAP knowledge including ASC 842 rent accounting.
• Proficiency with Yardi Voyager or MRI or similar.
• Advanced Excel: lookups, pivots, model building.
• Experience reviewing financial packages from third-party managers.
• Ability to read and interpret commercial leases and loan docs.

Responsibilities

• Prepare and review monthly, quarterly, and annual property-level financial statements (balance sheet, income statement, cash flow).
• Review third-party property manager financial packages; resolve discrepancies before close.
• Prepare journal entries, accruals, prepaids, and balance sheet reconciliations.
• Write budgeting-to-actual and prior-period variance commentary explaining drivers, not just numbers.
• Lead or support annual operating budgets with property managers and asset management.
• Maintain property-level forecasts and reforecasts; provide ad hoc analysis for leasing decisions and capex.
• Support annual audit and tax return prep; prepare 1099s and property tax filings as needed.

Skills

GAAP knowledge

Advanced Excel

Lease analysis

Financial statement prep

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi Voyager

MRI

Job description

Responsibilities

• Prepare and review monthly, quarterly, and annual property-level financial statements, including balance sheet, income statement, and cash flow.
• Review third-party property manager financial packages for accuracy and completeness; resolve discrepancies before close.
• Prepare journal entries, accruals, prepaids, and balance sheet account reconciliations.
• Write budget-to-actual and prior-period variance commentary that explains the drivers, not just the numbers.

Lease and revenue accounting

• Set up and maintain lease abstracts in the accounting system: base rent schedules, escalations, free rent, and recovery terms.
• Calculate straight-line rent (ASC 842), deferred rent, and tenant improvement allowance amortization.
• Bill and track percentage rent, parking, and other ancillary income.
• Monitor tenant receivables and delinquencies; support collections and bad-debt reserve decisions.

CAM and operating expense recoveries

• Prepare annual CAM/OpEx and real estate tax reconciliations, including gross-ups, base-year and expense-stop calculations, caps, and exclusions.
• Prepare annual operating expense estimates for tenant billing.
• Respond to tenant audit requests and support recovery disputes with clear backup.

Budgeting and analysis

• Lead or support annual operating and capital budgets with property managers and asset management.
• Maintain property-level forecasts and reforecasts.
• Provide ad hoc analysis for leasing decisions, capital projects, and tenant underwriting.

Cash, debt, and compliance

• Manage property operating accounts, cash flow forecasting and distributions.
• Prepare lender reporting, debt covenant calculations (DSCR, debt yield), and escrow reconciliations.
• Track capital expenditures, TI, and leasing commissions; maintain the fixed-asset and depreciation schedules.
• Support the annual audit and tax return preparation; prepare 1099s and property tax filings as needed.
• Strengthen internal controls and month-end procedures; document processes.

Required qualifications

• Bachelor's degree in Accounting or Finance.
• 5+ years of commercial real estate property accounting, with at least 3 years on office, retail, or industrial assets.
• Hands-on experience preparing CAM/OpEx reconciliations, including gross-ups and base-year calculations.
• Strong working knowledge of GAAP, including ASC 842 straight-line rent and lease incentive accounting.
• Proficiency in at least one real estate accounting platform (Yardi Voyager, MRI, or similar).
• Advanced Excel: lookups, pivot tables, and building reconciliations and models from scratch.
• Experience reviewing and reconciling financial packages prepared by third-party property managers.
• Ability to read and interpret commercial leases and loan documents.

Preferred qualifications and competencies

Preferred

• CPA or CPA-eligible.
• Experience with Yardi Voyager specifically, including CAM recovery setup and commercial lease modules.
• Background with a private equity or owner/operator real estate firm, reporting to ownership and lenders.
• Experience with multiple legal entities, intercompany accounting, and condominium or association accounting.
• Familiarity with Houston-area office market and Texas property tax protest process.
• Accuracy and ownership: closes on deadline and catches errors before they reach ownership.
• Clear communication: explains variances in plain language to asset managers and principals.
• Vendor and partner management: holds third-party property managers accountable for package quality.
• Process improvement: builds templates, checklists, and controls that make the next close faster.
• Discretion with confidential tenant, lender, and ownership information.

Work environment, compensation, and EEO

• Office-based role; extended hours during month-end close, year-end, audit and CAM reconciliation season (typically Q1).
• Compensation: Highly competitive market-based compensation.

Dhanani Private Equity Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic under applicable law.