Senior Property Accountant

Centennial Real Estate Company LLC; Dallas (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Centennial Real Estate Company LLC in Dallas seeks a seasoned financial expert to own monthly reporting for a portfolio of properties, ensuring accuracy and timeliness while partnering with property managers to optimize operations.

Responsibilities include managing Rent Roll and Tenant Ledger, balancing GAAP-ledgers, preparing journal entries, and delivering monthly reporting packages with variance analyses; you will also lead CAM reconciliations and annual budgets.

Qualifications

• Bachelor’s degree in Accounting (Master’s a plus).
• CPA or CPA Candidate preferred, but not required.
• 5+ years direct Commercial Property Accounting experience (can be less if CPA or Master’s Degree).

Responsibilities

• Manage monthly financial reporting for a portfolio of properties.
• Maintain Rent Roll, Tenant Ledger, Aged Delinquency, and Lease Expiration reports.
• Prepare and review cash/accrual/tax/GAAP-based property ledgers, balance sheets and income statements; record journal entries as needed.
• Prepare and distribute monthly reporting packages and variance analyses.
• Reconcile balance sheet accounts and ensure GL accuracy; make corrections monthly.
• Understand CAM Reconciliation process and assist with budgets.
• Prepare monthly construction project draws and review job costs.

Skills

Oral and written communication

Attention to detail

Independent and collaborative work

Time management

Education

Bachelor's degree in Accounting

CPA or CPA Candidate

Job description

In this critical role, you will assume the role of financial expert for a designated portfolio of our properties, which are often complex in nature. You'll ensure the accuracy and timeliness of monthly financial reporting, working collaboratively with property managers to optimize operational efficiency.

Responsibilities:

• Complete, review and research property management transactions, including schedule charges and billing adjustments
• Review and understand tenant lease language and ensure it is input properly to the designated accounting software
• Maintain and review Rent Roll, Tenant Ledger, Aged Delinquency, and Lease Expiration reports monthly
• Maintain and review cash/accrual/tax/GAAP based property general ledgers, balance sheets and income statements, including preparing and recording journal entries as needed
• Prepare and distribute monthly financial reporting packages, variance reports and all other additional schedules as required by the client
• Reconcile all balance sheet accounts and examine all general ledger accounts for accuracy and make corrections as needed monthly
• Review and fully understand the CAM Reconciliation process
• Work closely with the property management team to create and review annual operating budgets
• Prepare monthly construction project draws, review job cost & intercompany reconciliations
• Partnership accounting to include reconciliation of administrative service fees, recording of contribution/distributions, and preparation of journal entries for sales or acquisitions
• Review AP invoices for accurate coding and proper documentation prior to posting
• Review daily Cash Receipt batches for proper documentation and correct application prior to posting
• Monitor all cash requirements
• Provide ownership funding requests/cash distributions as required
• Support other team members as needed
• Special projects as needed

Desired Competency, Experience and Skills:

• Bachelor’s degree in Accounting (Master’s a plus)
• CPA or CPA Candidate preferred, but not required
• 5+ years direct Commercial Property Accounting experience (can be less if CPA or Master’s Degree)
• Great oral and written communication skills
• Detail-oriented with a drive for excellence; pride in accuracy
• Ability to work independently and collaboratively to meet tight deadlines
• High level of professionalism and a service-oriented mindset

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

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