Senior Property Accountant

Highwoods Properties; Raleigh (NC); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player in commercial real estate is seeking a Senior Property Accountant to join their collaborative team. In this dynamic role, you will manage financial accounting for a diverse portfolio, ensuring compliance with accounting principles and internal controls. Your expertise will be essential in analyzing lease contracts, reviewing expenses, and preparing budgets. This position offers a supportive environment where your contributions will directly impact the success of the organization. If you are ready to make a meaningful difference in a thriving workplace, this opportunity is for you.

Qualifications

• Strong analytical skills in lease contracts and financial data interpretation.
• Proficient in spreadsheet and word processing applications.

Responsibilities

• Responsible for financial accounting of assigned property portfolio.
• Review and analyze building expenses and capital expenditures.
• Prepare revenue and expense accruals for cost centers.

Skills

Analyzing lease contracts

Spreadsheet applications

Accounting principles

Communication skills

Organizational skills

Education

Bachelor’s degree in accounting

5-7 years of accounting experience

1-2 years supervisory experience

Tools

JD Edwards general ledger software

Job description

As part of the Highwoods team, you’re not just taking on a job; you’re joining a culture that values integrity, collaboration, and growth. We believe our culture is the key to success in the dynamic world of commercial real estate. Every member of our team plays a role in defining and upholding this culture—it's not just words on a page, but a way of working and living every day.

When you join Highwoods, you’ll bring your unique skills, experiences, and values to life through our shared mission. Together, we create a thriving workplace where every teammate has the support and opportunity to make a meaningful impact.

As a Highwoods Senior Property Accountant, you will be responsible for the financial accounting of an assigned portfolio of properties in a fast-paced environment. These financial accounting responsibilities will be performed to comply with Generally Accepted Accounting Principles and the company’s Sarbanes-Oxley internal control documentation. Additionally, you will be responsible for reviewing building expenses, accounting for capital expenditures, reviewing customer leases and verifying associated rental revenue. In this role, you will interact with other corporate departments, field personnel and internal/external auditors.

Key Responsibilities:

• Reviews all work performed by the Property Accountant(s)
• Analyzes balance sheet reconciliations to research and clear outstanding items in a timely manner
• Prepares revenue and expense accruals for G&A cost centers
• Reviews annual budgets for G&A cost centers and coordinates building level budget review with Property Accountant(s) and field personnel
• Reviews, analyzes and reforecasts expense changes
• Reviews financial metrics for newly executed leases
• Resolves outstanding contract issues on capital improvements
• Reviews external lease commission invoices, and initiates payment process in a timely manner
• Reviews lease documents and capital expenditure information for possible lease incentives
• Prepares capital expenditure accruals based on actual cost to date and percentage of completion
• Processes capital expenditure close out journal entries
• Reviews bank reconciliations
• Prepares operating expense reimbursement calculations (estimates and reconciliations)
• Performs various other duties as assigned

Requirements:

• Strong skills in analyzing and interpreting lease contracts and related financial data
• Strong computer skills including spreadsheet and word processing applications
• Knowledge of accounting concepts, techniques, and principles
• Excellent verbal and written communication skills
• The ability to be flexible and maintain a positive and respectful attitude in a dynamic office environment
• Strong organizational, time management and supervisory skills

Education/Experience:

• Bachelor’s degree in accounting, finance or related field
• 5-7 years of experience in accounting, financial or analytical capacity, preferably in the real estate field
• 1-2 years supervisory experience preferred
• Experience with JD Edwards general ledger software preferred

Work Environment/Physical Demands:

Work is of a general office nature; while performing the duties of this job, the employee is regularly required to talk, hear, and see; required to use arms and hands to reach and handle; typing on computer keyboard and using phone required. Ability to read, understand, and to communicate information and ideas clearly in writing and orally required. The employee may occasionally need to climb, balance, stoop, kneel, or crouch; and lift and/or move up to 10 pounds.