Senior Property Accountant

LHH; United States; Hybrid; USD 93,000 - 98,000; Full time

Job summary

LHH is seeking a Senior Property Accountant to support a portfolio of development, wholly owned, and GAAP-reporting commercial real estate properties. The role emphasizes GAAP knowledge, audit exposure, and development accounting.

The position offers a hybrid schedule (4 days in office) and a base salary of $93,000–$98,000 with a 10% bonus. CPA strongly preferred and 3+ years CRE accounting experience or 2+ years public auditing.

Qualifications

• 3+ years of commercial real estate accounting experience, or
• 2+ years of public accounting audit experience.
• Strong understanding of GAAP accounting principles.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Prepare monthly financial statements, account reconciliations, accruals, and variance analyses.
• Maintain and review GAAP rent calculations and related accounting.
• Manage fixed assets, including placement into service, depreciation, and disposals.
• Prepare monthly joint venture reporting packages.
• Support development projects through loan draws, funding requests, budget tracking, cash flow monitoring, and project cost analysis.
• Maintain purchase price allocation (PPA) accounts and related accounting.
• Prepare audit schedules, PBC requests, and financial statements for annual audits.
• Assist with annual tax package preparation.
• Process billings, adjustments, refunds, and supplemental ledger activity.
• Perform daily cash reconciliations.
• Manage CAM reconciliations, budgets, and reforecasts.
• Review commercial leases and lease abstracts.
• Partner with property management teams to resolve accounting issues.
• Process tenant improvement and capital project pay applications within the JDE job cost module.

Skills

Analytical thinking

Communication skills

Excel proficiency

Education

Bachelor's degree with 18+ accounting hours

CPA preferred

Tools

JDE

Excel

Job description

Senior Property Accountant (Development)

Schedule: Hybrid (4 days in office)

Compensation: $93,000 - $98,000 base + 10% bonus

Reports To: Assistant Controller, Development Accounting & Reporting

Position Overview

Our client is seeking a Senior Property Accountant to support a portfolio of development, wholly owned, and GAAP-reporting commercial real estate properties. This role is ideal for an experienced commercial real estate accountant with strong GAAP knowledge, audit exposure, and an understanding of development accounting.

Candidates with public accounting audit experience (2+ years) will also be considered, even without direct real estate experience.

Key Responsibilities

• Prepare monthly financial statements, account reconciliations, accruals, and variance analyses.
• Maintain and review GAAP rent calculations and related accounting.
• Manage fixed assets, including placing assets into service, depreciation calculations, and disposals.
• Prepare monthly joint venture reporting packages.
• Support development projects through loan draws, funding requests, budget tracking, cash flow monitoring, and project cost analysis.
• Maintain purchase price allocation (PPA) accounts and related accounting.
• Prepare audit schedules, PBC requests, and financial statements for annual audits.
• Assist with annual tax package preparation.
• Process billings, adjustments, refunds, and supplemental ledger activity.
• Perform daily cash reconciliations.
• Manage expense participation (CAM reconciliations), annual true-ups, budgets, and reforecasts.
• Review commercial leases and lease abstracts.
• Partner with property management teams to resolve accounting issues.
• Process tenant improvement and capital project pay applications within the JDE job cost module.

Required Qualifications

• Bachelor's degree in Accounting or Finance.
• Finance degrees must include 18+ hours of accounting coursework.
• CPA strongly preferred.
• 3+ years of commercial real estate accounting experience, or
• 2+ years of public accounting audit experience.
• Strong understanding of GAAP accounting principles.
• Excellent analytical, problem-solving, and communication skills.
• Intermediate to advanced Excel skills.
• JDE experience preferred.

Preferred Experience

The ideal candidate will have experience with:

• Preparing monthly financial statements for audited GAAP properties.
• Audit support and PBC preparation.
• Fixed asset accounting, depreciation, and disposals.
• Commercial lease structures, including NNN leases and CAM reconciliations.
• Lease abstract reviews and interpretation.
• Budgeting, forecasting, amortization schedules, and escrow reconciliations.
• Development property accounting and reporting.