Senior Property Accountant

Saxum Real Estate; Summit (NJ); On-site; USD 80,000 - 110,000; Full time

Job summary

A leading boutique private equity and development firm is seeking a Senior Property Accountant. This role involves managing accounting processes and financial reporting for various real estate assets. Ideal candidates will have a strong background in GAAP and accrual accounting, along with excellent analytical and communication skills. The position offers a full benefit package and opportunities for career development.

Benefits

Medical

Dental

Vision

401K

Paid Time Off

Qualifications

• 3-5 years of accounting experience in commercial real estate.
• Advanced knowledge of GAAP and accrual-based accounting.

Responsibilities

• Manage full range of accounting processes for real estate assets.
• Prepare and enter journal entries, participate in month-end close.
• Compile and review financial statements for real estate portfolios.

Skills

Analytical

Problem Solving

Detail-oriented

Communication

Interpersonal

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Tools

Microsoft Office Suite

Accounting Software

Job description

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Saxum Real Estate, one of the fastest growing boutique private equity and development real estate firms in the nation, is seeking a highly motivated and energetic Senior Property Accountant in its NJ office. The ideal candidate will be responsible for managing the full range of accounting processes and financial reporting for a portfolio of commercial, development, and residential real estate assets. This role requires advanced knowledge of Generally Accepted Accounting Principles (GAAP) and hands-on experience with accrual-based accounting, monthly close processes, and financial analysis.

KEY RESPONSIBILITIES

General Accounting:

• Prepare and enter journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts.
• Participate in all aspects of month-end close and close analysis.
• Review rent rolls, accounts receivable reports, and other related reports to ensure financial reports tie to the general ledger.
• Prepare sales and use tax filings as necessary.
• Compile and review monthly, quarterly, and annual financial statements for real estate portfolios.
• Provide explanations for any Income Statement accounts with variances exceeding prescribed thresholds compared to the budget.
• Prepare and review funding requisition packages for development projects.

Property Management Support:

• Oversee all phases of accounts payable, including vendors, invoices, W9s, and insurance.
• Code invoices for property-level accounts and enter them into the accounting system.
• Assist with lease abstracts and administration.
• Prepare, review, and analyze tenant CAM charges and reconciliations.
• Support receivables by tracking and following up on tenant delinquencies.
• Coordinate property inspections, walkthroughs, and other related activities.
• Work collaboratively with property managers, asset managers, and third-party management companies.
• Create and track move-in checklists for tenants.
• Miscellaneous tasks such as file maintenance, responding to service requests and other assigned duties.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3-5 years of accounting experience, preferably in commercial real estate accounting.
• Advanced knowledge of GAAP and accrual-based accounting.
• Proficiency in accounting software and Microsoft Office Suite, particularly Excel.
• Strong analytical and problem-solving skills.
• Detail-oriented and highly organized.
• Excellent communication and interpersonal skills.
• Ability to thrive in a fast-paced entrepreneurial environment.
• Ability to work independently and manage multiple tasks simultaneously.

This is an outstanding career development opportunity for the right candidate. Salary commensurate with experience. Full benefit package including medical, dental, vision, 401K and paid time off.

About Saxum

Saxum Real Estate is a national, vertically integrated real estate investment and development firm specializing in value-add and ground-up development opportunities in the industrial and housing sectors. With a vertically integrated platform, Saxum manages the entire life cycle of a project in-house, creating additional value for investors by identifying overlooked opportunities and capitalizing on market inefficiencies. Saxum’s portfolio exceeds $3.4 billion in capitalizations across cold storage, industrial, and multifamily assets, encompassing over 13.0 million square feet of real estate. The firm’s development pipeline remains robust, with over $1 billion in active projects spanning value-add acquisitions and new developments in key logistics and housing markets. www.saxumre.com

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

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