Senior Property Accountant

Newmark Group; Memphis (TN); Hybrid; USD 67,000 - 72,000; Full time

Benefits offered by this job

Flexible work arrangements

Comprehensive benefits package

Annual morale/recognition events

Job summary

Newmark Group in Memphis, Tennessee, is seeking an experienced Accountant responsible for complex accounting duties across a portfolio of properties. This includes preparation of financial reports, client interactions, and mentoring team members.

Ideal candidates will have a bachelor's degree in accounting, strong interpersonal skills, and experience with systems like Yardi or MRI. The role offers a hybrid work schedule and competitive benefits.

Join a team dedicated to excellence in real estate accounting!

Qualifications

• 3-5 years of accounting experience required.
• Understanding of GAAP and financial regulations.
• Ability to analyze complex documents.

Responsibilities

• Prepare monthly financial reports and reconcile accounts.
• Interact with clients and respond to inquiries promptly.
• Mentor and develop newer accounting team members.

Skills

Accounting principles

Microsoft Office Suite

Interpersonal communication

Problem-solving

Education

Bachelor’s degree in accounting or related field

Tools

Yardi

MRI

Job description

Under direct supervision from the Assistant Controller/Manager, responsible for accounting duties of a complex nature in support of accounting functions for a portfolio of properties. Responsible for the preparation of monthly financial reporting including but not limited to; journal entry calculation and posting, accruals, balance sheet account analyses, and bank reconciliations.Interacts closely with internal and external clients responding timely and accurately to any inquiries.

Newmark’s client accounting professionals provide services for a variety of investor and corporate properties, including high-end retail, commercial and industrial portfolios.

Benefits of working in Real Estate Accounting for Newmark include flexible work arrangements, including hybrid work schedule. Annual department wide morale/recognition event and team building events, and a comprehensive benefits package.

• Complete full-cycle accounting for a portfolio of commercial real estate properties.
• Responsible for the preparation of the daily, monthly, quarterly and annual financial/accounting activities and all financial statements and reporting.
• Provide a high level of customer service to the property managers and clients associated with your portfolio of properties.
• You will be part of the development of new process improvements and the ability to train new employees as needed, leveraging your advanced accounting skills.
• Work closely with Controller/Assistant Controller on day-to-day functions.
• Mentor and develop newer accounting team members to ensure growth and cross training within the department.
• May be asked to review reports prepared by other property accountants to ensure accuracy and completeness.
• May Assist property managers with budget preparation.
• May Assist property managers with CAM reconciliations or be responsible for completing the CAM reconciliations or calculating and posting monthly/quarterly CAM true-up entries
• Responsible for assisting with client audits by providing requested documents and answering questions.
• Responsible for providing internal audit samples for SOC1 audit
• Coordinates accounting matters with other departments, locations and divisions.
• Partners with property managers to ensure financials are accurate and delivered timely, directly impacting client satisfaction.
• Ensures all expenses, receipts, distributions, funding requests, and other accounting transactions for the period are accurately recorded.
• Reviews and audits financial information to ensure compliance with established procedures and accounting principles.
• Responds to and resolves issues and requests from property management teams and clients. Research open accounting issues and recognizes potential issues and/or conflicts and implements solutions.
• May participate in budget and forecasting functions for assigned property portfolio.
• Participating in accounting consulting assignments for our clients and assists in the on-boarding and transition of properties.

SKILLS, EDUCATIONAND EXPERIENCE:

• Bachelor’s degree required, preferably in accounting or equivalent experience.
• Minimum of 3-5 years of previous accounting experience.
• Proficient in Microsoft Office Suite applications, including Microsoft Excel and Outlook
• Experience with a computerized ERP system required, experience with Yardi or MRI system a plus.
• Experience with full-cycle accounting and the preparation of financial statement packages.
• Effective interpersonal, verbal and written communication skills.
• Understanding of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations.
• Works effectively in a team environment through collaboration and partnership. Customer service oriented with an aspiration to succeed with the client in mind.
• Ability to analyze and problem solve effectively by offering solutions to resolve issues.
• Ability to read and understand complex documents such as lease agreement and property management agreements.
• May perform other duties as assigned

Qualification:

• Bachelor’s degree in accounting, finance, related field, or equivalent experience.
• Minimum of 1-3 years of previous accounting experience.
• Understanding of Generally Accepted Accounting Principles (GAAP).
• Proficient in Microsoft Office Suite applications.
• Experience with computerized accounting systems, specifically Yardi and/or MRI, a plus but not required.
• Effective interpersonal, verbal, and written communication skills.
• Works effectively in a team environment through collaboration and partnership.
• Customer service-oriented mindset.
• Ability to analyze and problem solve effectively.
• A valid real estate license is required in states where work is performed

Location Type: Hybrid

Salary: $67,000 - $72,000 annually

The expected base salary for this position ranges from $67,000 to $72,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

Working Conditions:

Normal working conditions with the absence of disagreeable elements.

Note

The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law