Senior Property Accountant

Vaco by Highspring; Raleigh (NC); On-site; USD 80,000 - 90,000; Full time

Job summary

A leading company is seeking a Senior Property Accountant to manage financial reporting and accounting for a portfolio of properties. This role requires compliance with GAAP and SOX, overseeing accounting staff, and collaborating with various teams. Ideal candidates will have extensive experience in real estate accounting and strong analytical skills.

Benefits

Medical Benefits

Dental Benefits

Vision Benefits

401(k) Retirement Plan

Qualifications

• 6+ years of relevant accounting experience, ideally in real estate or property management.
• Strong understanding of GAAP and financial reporting practices; CPA preferred.

Responsibilities

• Oversee and review the work of property accounting staff for SOX compliance.
• Prepare and review accruals for property-level and G&A cost centers.
• Monitor and evaluate changes in operating expenses and identify variances.

Skills

Financial Reporting

GAAP

Microsoft Excel

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Tools

Accounting Platforms

General Ledger Software

Job description

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This range is provided by Vaco by Highspring. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$80,000.00/yr - $90,000.00/yr

Direct message the job poster from Vaco by Highspring

Senior Property Accountant
Our client is seeking a Senior Property Accountant to manage financial reporting and accounting processes for a designated portfolio of properties in a fast-paced, dynamic environment. This role ensures compliance with Generally Accepted Accounting Principles (GAAP) and Sarbanes-Oxley (SOX) internal control requirements. Key responsibilities include the review and analysis of financial transactions, capital expenditures, lease agreements, and revenue recognition. The position also involves close collaboration with cross-functional teams, field staff, and internal and external auditors.

Responsibilities

• Oversee and review the work of property accounting staff to ensure accuracy, completeness, and SOX compliance
• Review and analyze balance sheet reconciliations; resolve outstanding items in a timely and documented manner
• Prepare and review accruals for property-level and general & administrative (G&A) cost centers
• Coordinate and review annual budgets and reforecasts with accounting staff and operational teams
• Monitor and evaluate changes in operating expenses, identifying variances and drivers
• Interpret and validate lease agreements and related financial metrics for proper revenue and expense recognition
• Ensure capital expenditures are accounted for accurately and in accordance with SOX-compliant processes
• Review and process external lease commission invoices; initiate timely payment procedures
• Identify and account for lease incentives based on lease and capital expenditure reviews
• Prepare capital expenditure accruals and close-out entries based on project progress and actuals
• Oversee and review monthly bank reconciliations for assigned properties
• Calculate and reconcile tenant operating expense reimbursements (estimates and actuals)
• Maintain documentation and controls to support internal and external audits
• Identify and implement process improvements to increase efficiency and scalability of accounting operations
  

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field
• 6+ years of relevant accounting experience, ideally in real estate or property management
• Strong understanding of Generally Accepted Accounting Principles (GAAP) and financial reporting practices; CPA preferred
• Proficient in Microsoft Excel (pivot tables, VLOOKUP, data analysis)
• Experience with accounting platforms / general ledger software is required
  
  

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

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