Senior Property Accountant

Koury Corporation; Greensboro (NC); On-site; USD 70,000 - 110,000; Full time

Job summary

Koury Corporation in Greensboro, NC seeks a Senior Property Accountant to supervise portions of the Property Accounting team, ensuring accurate daily, monthly, quarterly, and annual close, and proper lease accounting.

You will manage tenant charges/payments, fixed assets, prepaids, TICAM reconciliations, and monthly/annual reporting, collaborating with cross-functional teams.

Requirements include 5–7 years CRE accounting, strong communication, and a bachelor's in accounting.

Qualifications

• 5–7 years of accounting experience, preferably in CRE.
• Strong interpersonal and written/verbal communication.
• Ability to supervise staff and coordinate accounting tasks.

Responsibilities

• Prepare daily liquidity reports and transfers
• Generate tenant charges and apply payments
• Record bank transfers
• Review and set up leases in the accounting system
• Reconcile TICAM, billings, and tenant reporting
• Lead month-end close and related reconciliations
• Coordinate monthly collection meetings
• Prepare and review annual budgets and TICAM reconciliations
• Record transactions for acquisitions and dispositions
• Enter journal entries and perform account analyses

Skills

Accounting experience

Team supervision

Strong communication

Attention to detail

Education

Bachelor's degree in Accounting

Tools

Excel

SAGE 300CRE

Job description

The Senior Property Accounting is responsible for supervising some of the Property Accounting team members. These responsibilities include ensuring the property accounting team’s daily, monthly, quarterly, and annual accounting duties. This includes ensuring accuracy of leases in the accounting system, processing tenant charges and payments, working with team to resolve tenant collection issues, third party reporting into corporate books and records, fixed assets, prepaids, monthly close, and reporting responsibilities.

Experience and attributes

5 - 7 years of accounting experience required with exposure to commercial real estate property accounting experience. Individuals should have strong interpersonal, written and verbal communication skills with the ability to be a team player.

Team Responsibilities

Cash Management/Treasury

• Prepare daily liquidity reports and associated transfers
• Properly generate tenant charges and apply tenant payments
• Prepare and enter Accounts Receivable service management deposits
• Record bank transfers

Lease Accounting

• Review and properly set up leases in Accounting system from lease administration
• TICAM reconciliations and billings
• Communicate with tenants to resolve discrepancies with outstanding amounts
• Track tenant sales reporting and percentage rent
• Prepare and maintain prepaid commission reconciliations
• Assist with Accounts Receivable and Service Management as necessary

Monthly reporting

• Prepaid asset tracking and amortization
• Fixed asset reconciliations and depreciation
• Reconcile various accounts for month end close
• Coordinate and lead monthly collection meetings
• Month end reconciliations and reporting, including operating income statement variance reporting

Annual

• Prepare and review commercial budget templates for annual budget review
• Preparing TICAM reconciliations and billing

Ad Hoc Transactions and Analysis

• Record transactions acquisitions and dispositions
• Enter journal entries into General Ledger as needed/requested
• Analyze accounts as needed/requested
• Research miscellaneous items as needed/requested
• Other duties as assigned

Requirements

• 5-7 years of accounting experience
• Strong communication and supervision skills, including review of staff work
• Ability to demonstrate close attention to detail
• Proficient in MS office with strong knowledge of and experience in Excel
• Experience with SAGE 300CRE software preferred
• Experience and aptitude to perform detailed work within an accounting system
• Bachelor’s degree required with a preference for an Accounting major