Senior Client Accountant

Transwestern; United States; On-site; USD 70,000 - 90,000; Full time

Job summary

Transwestern is seeking a Senior Client Accountant to handle financial reporting for assigned properties. This role involves preparing financial reports, reviewing billings and reconciliations, and ensuring compliance with accounting standards.

The ideal candidate will have over 5 years of experience in property management accounting, a degree in accounting or finance, and proficiency in real estate software like MRI or Yardi. This position is based in Houston, TX.

Qualifications

• 5+ years of property management accounting experience.
• Proficiency with financial terms and principles.
• Ability to apply GAAP.

Responsibilities

• Prepare financial reports and manage accounts.
• Review tenant billings and bank reconciliations.
• Calculate and file sales tax.

Skills

Analytical capabilities

Attention to detail

Communication skills

GAAP knowledge

Real estate accounting software (MRI/Yardi)

Excel proficiency

Education

Bachelor’s degree in accounting or finance

Tools

MRI

Yardi

Microsoft Excel

Adobe

Job description

POSITION SUMMARY

The Senior Client Accountant is responsible for accounting duties for assigned properties, including preparing financial reports, entering accrual and cash journal entries, reviewing operating statements and variance reports, and preparing escalation and payable reviews, as well as performing reconciliations. This role ensures accuracy, consistency, and adherence to the Management/Leasing Agreements and SOC1 controls, and utilizes real‑estate accounting software such as MRI or Yardi. The accountant works with property management to meet all reporting deadlines and ensures all policies are followed. The position may involve training others but is not a supervisory role.

ESSENTIAL JOB FUNCTIONS

• Review all tenant billings and adjustments according to information provided by the Property Manager.
• Submit Commercial Management batches for review and posting.
• Review and post cash receipt batches entered by the Client Accounting Associate.
• Maintain property cash balances.
• Review and approve all large accounts‑payable disbursement items (e.g., weekly A/P batches).
• Submit weekly Open A/P report for weekly check‑run processing.
• Review and/or prepare bank reconciliations each month for all bank accounts assigned.
• Review the monthly posting of the Rent Roll by property management.
• Ensure that changes from the prior month Rent Roll are reasonable, including current month move‑ins or move‑outs, rent steps, etc.
• Review aged delinquency report for any adjustments or credits that need to be applied to open charges, and ensure that cash receipts have been properly applied to each tenant’s account.
• Review and revise all supporting schedules with monthly charges as required by the Owner.
• Ensure sub‑ledgers and supporting schedules tie to the general ledger.
• Review the general ledger and income statement for any additional adjusting entries.
• Contact the Property Manager to confirm the entries and then book the entries.
• Review financial statements and all monthly reports confirming that all supporting schedules tie to the financial reports.
• Submit monthly financial report package to the accounting manager for review.
• Monitor property bank account cash balances.
• Assist in review of prior year CAM, real estate tax escalation reconciliations and answer questions from auditors as needed.
• Prepare calculations for owner distributions based on owner requirements and the time schedule.
• Initiate monthly owner distribution as set forth in the Property Management Agreement.
• Prepare monthly rent‑up reports to send to the property manager for review.
• Post rent‑ups after the property manager sends approvals.
• Make corrections/adjustments on tenant ledger as directed.
• Ensure timely payment of mortgages and property taxes.
• Calculate the monthly Management Fee and/or Incentive Management Fee due to Transwestern, including all required documents for backup.
• Maintain scanned copies of monthly reporting packages, bank statements and reconciliations.
• Load all required documents into OneSpace.
• Communicate effectively with clients, internal and external auditors, tax preparers and team members as required.
• Calculate and file sales tax.
• Close accounts payable, commercial management modules and general ledger modules each month as appropriate.
• Perform or assume additional client accounting duties as assigned.

POSITION REQUIREMENTS

• A bachelor’s degree with emphasis in accounting, finance or a related field (preferred).
• A minimum of 5+ years of recent fee‑based property management accounting experience.
• Working knowledge of financial terms and principles, including knowledge of current accounting methods (cash and basic accruals).
• Ability to apply generally accepted accounting principles (GAAP).
• Working knowledge of the budget reporting requirements of each Owner and participation/assistance in the preparation of the annual budget with members of property management.
• Working knowledge of the escalation and operating expense budgeting and settlement process, including the calculation of "gross-ups", and participation/assistance in the preparation of the actual settlement schedules.
• Applicable experience in real‑estate accounting software packages, preferably with MRI and/or Yardi.
• Proficiency with Microsoft Word, Excel, and Adobe.
• Demonstrate strong analytical capabilities with a high attention to detail.
• Ability to handle multiple projects, changing priorities and demanding, time‑sensitive workloads.
• Ability to receive general work supervision/be self‑managed/work independently.
• Ability to provide efficient, timely, reliable, and courteous service to internal and external customers.
• Ability to keep information and internal communications confidential.
• Exhibit excellent verbal and written communication skills.
• Must be able to remain in a stationary position 50% or more of the time / constantly operate a computer and other office productivity machinery (e.g., a calculator, copy machine, computer printer) or, by request, be provided reasonable accommodations to perform the essential functions of the position.

WORK SHIFT AND LOCATION

Location: Houston, TX.