Senior Property Accountant

PRUDENT PROsource; San Francisco (CA); Hybrid; USD 100,000 - 115,000; Full time

Benefits offered by this job

Medical and dental coverage

Retirement savings plan with company 匹

Commuter transit subsidy

Job summary

PRUDENT PROsource seeks a Senior Property Accountant in downtown San Francisco to manage quarterly closes, billing, and GAAP financials for a diverse portfolio of office and real estate assets. You will interact with property management and cross-functional teams to ensure accurate reporting and timely analyses.

The role requires 3–5 years in real estate accounting, proficiency in SAP, and strong Excel skills.

Qualifications

• 3–5 years of accounting experience in a mid-size to large company.
• Experience with enterprise systems (SAP) and MS Excel.
• Strong organizational, time-management, and communication skills.

Responsibilities

• Lead quarterly close process and prepare schedules for audit binders.
• Oversee client accounts and ensure accurate monthly billing per lease terms.
• Analyze GAAP financials and prepare supporting schedules.
• Present variance explanations with property management quarterly.
• Develop financial reports and schedules for lender/third-party requirements.
• Prepare depreciation and reconcile accounts across portfolios.

Skills

Leadership abilities

Communication

Problem solving

Multitask

Self-starter

Education

BA/BS in Business Administration or Accounting

Tools

SAP

JD Edwards

MS Excel

Job description

Senior Property Accountant- downtown San Francisco

Our client is the largest publicly-held developer and owner of top-rated office properties in the United States. It's a fully integrated REIT that acquires, develops, and manages high-quality office, life science, and mixed-use properties in vibrant economic centers, earning revenue primarily through long-term leases with corporate, institutional, and government tenants. The company has a need in their San Francisco office for a Senior Property Accountant. The selected candidate will manage, audit and analyze as well as serve as the financial expert and primary facilitator of all financial matters for assigned properties.

Specific Activities

• responsible for the quarterly close process, including preparing supporting schedules and generating reports for audit binders.
• oversee client accounts to ensure they are billed correctly each month for all rental and additional charges per their lease and investigate and resolve all discrepancies.
• analyze and prepare quarterly tax and GAAP financial statements, including all supporting schedules as scheduled.
• present formal revenue and expense variance explanations in the vetting tool on a quarterly basis in conjunction with property management.
• perform analysis and develop financial reports and related schedules in accordance with lender and/or third party requirements.
• analyze and prepare client operating and real estate tax escalations for assigned properties’ monthly payment and annual true-up.
• audit accuracy of various databases, such as Lease Tracking, Loan Summary, Rent Roll, and Lease Abstract, for assigned portfolio.
• Communicate with property management to assist with preparation of portfolio annual budgets and quarterly re-forecasts.
• work with Lease Administration, Accounts Receivable, Accounts Payable, Tax, Finance and Legal Departments to obtain necessary information for the completion of financial statements.
• perform required analysis and develop external reports for compliance with all agreements (sales & use returns, I&E forms etc.).
• audit and prepare reconciliation of all accounts (i.e. work orders, etc.).
• examine and comprehend all management, development, joint venture agreements and mortgage documents for assigned properties.
• analyze and prepare depreciation on a monthly basis.
• provide VP, Regional Controllers and all other personnel with the highest level of service.
• manage, analyze and interpret leases; enter all required information into Expense Participation
• work with financial reporting in regards to complex transactions.
• compile supporting documentation for client audits.

Reporting Structure: this position reports directly to the Senior Manager and VP, Regional Controller.

Expectations

Individuals can select six (6) days a month to work from home subject to manager approval.

Qualifications

• BA/BS degree in Business Administration or Accounting required.
• 3-5 years of accounting experience from a mid-size to larger company working with enterprise systems and software (SAP)· Strong computer skills with proficiency in MS Excel required.
• Proven organizational skills with ability to set priorities, manage multiple projects and meet deadlines.
• Self-starter capable of finding solutions with minimal supervision.
• Ability to interact with co-workers, clients, or vendors in an articulate, courteous, and professional manner at all times.
• Leadership abilities.
• Ability to work under pressure, multitask and work independently, as well as part of a team.
• Adaptability to changing demands.
• Effective problem solving skills.
• Excellent communication skills, both written and oral, as well as interpersonal skills.
• Knowledge of JD Edwards accounting software desirable.

Why is This a Great Opportunity

For accounting professionals that love the real estate industry, this is the opportunity you want to pursue! Great downtown San Francisco location, competitive compensation, great reputation from promoting from within. Base Salary Range: $100,000-$115,000……Bonus Potential: up to 10%.

The company offers a competitive total rewards package including base salary and annual discretionary bonus. The range represents expected base salary; compensation will be determined based on role, skills, experience, qualifications, location, and other job-related factors.

• Our comprehensive benefits include medical and dental coverage, a retirement savings plan with competitive company match, backup childcare, educational assistance, employee support programs, a generous commuter transit subsidy and more.

Notes

Candidates must Live in San Francisco, not outside of the city as the commute will be too long/cumbersome.

Candidate must have 2 to 5 years experience. They are seeking a younger employee.

Requirement: strong accounting in mid-size to larger company working with enterprise systems (SAP).

Has had the most success with candidates transitioning out of public accounting (pwc, deloitte) that want to leave the big 4 environment. If from a non-big 4 the company has to have at least 4 partners with 30 to 60 employees.