Senior Property Accountant

CV Resources; Los Angeles (CA); Hybrid; USD 100,000 - 120,000; Full time

Job summary

CV Resources is seeking a Senior Property Accountant to manage full-cycle accounting for a portfolio of commercial properties, ensuring US GAAP compliance and timely financial statements.

Responsibilities include month-end close, CAM and lease accounting, budgeting, forecasting, and client inquiries, with heavy collaboration across property management teams.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 4+ years of commercial property accounting experience.
• Experience overseeing a portfolio of multiple properties.
• CPA preferred.

Responsibilities

• Perform full month-end close for an assigned portfolio, including journal entries and reconciliations.
• Prepare the monthly financial reporting package with balance sheet, income statement, and variance analysis.
• Manage CAM and lease-related accounting, rent schedules, and reimbursements.
• Assist budgeting and forecasting with property management and asset management teams.
• Support audits and tax return preparation with accurate, well-documented workpapers.
• Maintain property accounting records and ensure accuracy across portfolios.
• Communicate with clients and property-level stakeholders on accounting questions.

Skills

Advanced Excel

Pivot Tables

INDEX/MATCH

Communication skills

Attention to detail

Self-directed

Education

Bachelor's degree in Accounting or Finance

CPA preferred

Tools

Microsoft Excel

Yardi Voyager

MRI

Job description

WORK SITE STATUS: Hybrid (2-3 days/week in the office).

PAY RANGE: Salary range of $100,000/year to $120,000/year plus eligibility to receive a discretionary bonus up to 10%.

JOB DESCRIPTION

Our client, a commercial real estate company, seeks an experienced Senior Property Accountant to support the accounting department. This role is responsible for the full-cycle accounting for an assigned portfolio of commercial properties, including the accurate and timely preparation of property-level financial statements in accordance with US GAAP and company policy. The Senior Property Accountant prepares and analyzes monthly and quarterly closing actuals, leads CAM and lease-related accounting, supports the budget and reforecast process in collaboration with property management and asset management, and serves as the primary point of contact for client and property-level accounting questions.

RESPONSIBILITIES OF THE SENIOR PROPERTY ACCOUNTANT

Month-End Close & Financial Reporting

• Perform the full month-end close for an assigned portfolio, including journal entries, bank reconciliations, GL account reconciliations, and monthly accrual entries.
• Prepare and analyze the monthly financial reporting package for each property, including balance sheet, income statement, supporting schedules, and variance analysis comparing actuals to budget.
• Maintain property-specific general ledgers, ensuring all transactions are accurately recorded, classified, and reconciled.
• Ensure all activity for the period, including expenses, receipts, owner distributions, and funding requests, is accurately and completely posted before close.
• Calculate owner distributions and/or funding requests as required.
• Maintain the overall integrity of financial records for the assigned portfolio.

Daily Accounting & Cash Management

• Create batches for tenant receipts, post tenant billing adjustments, and apply prepayments to open charges.
• Review and approve vendor invoices; monitor payables to ensure timely, accurate processing.
• Monitor and maintain property cash balances daily, flagging shortfalls or irregularities proactively.

Lease Administration & CAM

Set up and terminate leases in Yardi, including rent schedules and tenant recovery pools/profiles.

• Prepare annual and quarterly CAM reconciliations and estimates in accordance with lease terms.
• Review lease agreements and abstracts to ensure billing, recoveries, and commission calculations are correctly reflected in the accounting system.

Budgeting & Forecasting

• Participate in the annual budget process and quarterly reforecasts for the assigned portfolio, in close collaboration with property management and asset management.
• Prepare monthly income statement analyses comparing actuals to budget and explain material variances.
• Support capital planning and reforecast cycles within the property management system.
• Respond promptly and accurately to requests from property managers, asset managers, and clients on property accounting questions or issues.
• Support the annual financial statement audit and tax return preparation with accurate, well-documented workpapers.
• Continuously evaluate property accounting processes for efficiency and accuracy; identify opportunities to streamline workflows.
• Take on additional responsibilities and special projects as needed.

REQUIREMENTS OF THE SENIOR PROPERTY ACCOUNTANT

Required

• Bachelor's degree in Accounting or Finance.
• Minimum of at least four (4) years of commercial property accounting experience, with meaningful exposure to retail assets;
• Experience overseeing a portfolio of multiple properties.

Preferred

• CPA certification.
• Experience coming directly from public accounting.
• Office or mixed-use experience.

SKILLS OF THE SENIOR PROPERTY ACCOUNTANT

Required

Technical

• Advanced Microsoft Excel skills (SUMIFS, INDEX/MATCH, Pivot Tables); proficiency across the Microsoft Office suite.
• Experience with Yardi Voyager or MRI.

Interpersonal

• Self-directed, organized, and detail-oriented, with sound judgment on when to resolve an issue independently versus escalation.
• Demonstrated ability to work both independently and effectively within a team environment.
• Strong written and verbal communication skills; comfortable communicating directly with clients and property-level stakeholders.