Senior Property Accountant

Wiss; New Jersey; On-site; USD 100,000 - 115,000; Full time

Job summary

Wiss is seeking a Senior Property Accountant to oversee financial accounting and reporting for commercial real estate properties. This onsite role in Somerset County, NJ requires GAAP proficiency, strong reporting skills, and collaboration with property teams.

Responsibilities include preparing financial statements, GL maintenance, lease and CAM accounting, budgets, forecasts, and audits. Ideal candidates have 3–5 years of real estate accounting experience and Yardi proficiency.

Qualifications

• Bachelor’s degree in Accounting or a related field.
• 3–5 years of experience in real estate or property accounting.
• Strong understanding of GAAP and property-level accounting processes.
• Strong written and verbal communication skills.
• Proficiency in Excel and real estate accounting software; Yardi preferred.
• Strong analytical, problem-solving, and organizational abilities.
• Ability to manage multiple properties and meet deadlines.
• Highly detail-oriented with accurate financial reporting.

Responsibilities

• Prepare monthly, quarterly, and annual financial statements for assigned properties.
• Maintain the general ledger, reconcile bank accounts and balance sheet accounts.
• Record and analyze property-level income and expenses, including rent and CAM.
• Manage monthly and yearly close activities with accruals and prepaid items.
• Maintain lease data, review rent rolls, and record lease-related transactions.
• Prepare and review CAM reconciliations and respond to tenant inquiries.
• Assist with property budgets and forecasts; explain variances.
• Coordinate external audits and assist with property tax reporting.
• Support acquisitions, dispositions, and related financial reporting.
• Identify process improvements and strengthen internal controls.

Skills

GAAP knowledge

General ledger

Analytical skills

Communication skills

Organizational skills

Independence

Problem-solving

Time management

Education

Bachelor’s degree in Accounting or related field

Tools

Excel

Yardi

Real estate accounting software

Job description

A Wiss real estate client is seeking a Senior Property Accountant to join their team. This individual will oversee the financial accounting and reporting for commercial real estate properties, ensuring accurate financial records, timely reporting, and compliance with applicable accounting standards and company policies. This position is fully onsite in Somerset County, NJ.

Key Responsibilities:

• Financial Reporting: Prepare monthly, quarterly, and annual financial statements for assigned properties, including journal entries, account reconciliations, and variance analysis.
• General Ledger & Reconciliations: Maintain the general ledger, reconcile bank accounts and balance sheet accounts, and investigate and resolve discrepancies.
• Property Accounting: Record and analyze property-level income and expenses, including rental income, CAM charges, real estate taxes, insurance, and operating expenses. Review vendor invoices and ensure accurate expense allocations.
• Month-End & Year-End Close: Manage monthly and annual close activities, including accruals, prepaid expenses, deferred rent, and supporting schedules.
• Lease Accounting: Maintain accurate lease and tenant information, review rent rolls, and record lease-related transactions, including concessions, abatements, and tenant billings.
• CAM Reconciliations: Prepare and review annual common area maintenance (CAM) reconciliations, analyze recoverable expenses, and assist with tenant inquiries and discrepancies.
• Budgeting & Forecasting: Assist with property-level budgets and forecasts, analyze actual results against budget, and provide explanations for variances.
• Financial Analysis: Identify trends, research unusual transactions, and provide financial information to support property and asset management decisions.
• Audit & Tax Support: Coordinate supporting documentation for external audits, assist with property tax reporting and tax return preparation, and respond to information requests.
• Acquisitions & Dispositions: Assist with the accounting and financial reporting associated with property acquisitions, dispositions, and other property-level transactions.
• Process Improvement & Controls: Identify opportunities to improve accounting procedures, strengthen internal controls, and enhance the accuracy and efficiency of financial reporting.
• Cross-Functional Collaboration: Work closely with property managers, asset managers, and other internal teams to resolve accounting issues and ensure timely and accurate reporting.

Required Skills & Qualifications:

• Education: Bachelor’s degree in Accounting or a related field.
• Experience: 3–5 years of experience in real estate or property accounting, preferably within a commercial real estate environment.
• Accounting Knowledge: Strong understanding of GAAP, general ledger accounting, financial reporting, and property-level accounting processes.
• Communication Skills: Strong written and verbal communication skills, with the ability to work effectively with property managers, asset managers, and internal teams.
• Software Proficiency: Proficiency in Excel and real estate accounting software; Yardi experience preferred.
• Analytical Skills: Strong analytical and problem-solving skills, including the ability to research discrepancies and analyze financial results.
• Organizational Skills: Ability to manage multiple properties, competing priorities, and recurring deadlines.
• Attention to Detail: Highly organized and detail-oriented, with a strong focus on accuracy and timely financial reporting.
• Independence and Initiative: Ability to work independently, take ownership of assigned properties, and identify opportunities to improve accounting processes.

Salary will be commensurate with experience: $100,000-$115,000.