Senior Property Accountant - CRE

Hirewell; California; On-site; USD 75,000 - 105,000; Full time

Job summary

Hirewell client, an established commercial real estate firm, is seeking an experienced Property Accountant to oversee accounting for a portfolio of retail properties, including CAM reconciliations, tenant billings, AP/AR, and financial reporting. The ideal candidate understands NNN and gross lease structures, operating expense allocations, and tenant reimbursements.

Responsibilities include monthly financial statements, GL reconciliations, month-end close, and collaboration with property

Qualifications

• 5+ years of property accounting experience in commercial retail real estate.
• Hands-on CAM reconciliations experience required.
• Knowledge of NNN and gross lease structures; revenue recognition.
• Experience with tenant billings and operating expense recoveries.
• Proficient with QuickBooks and financial reporting.

Responsibilities

• Prepare and manage CAM reconciliations, allocations, recoveries, and billing adjustments.
• Review lease agreements for accurate accounting of NNN and gross provisions.
• Manage AP/AR, including invoice processing and tenant payments.
• Prepare monthly financial statements and GL reconciliations.
• Monitor rental income, operating expenses, and outstanding receivables.
• Maintain tenant charge records and reimbursements.
• Assist with month-end and year-end close.
• Collaborate with property management to resolve inquiries and reporting needs.
• Support budgeting and expense tracking for the portfolio.
• Ensure accounting records are accurate and compliant with policies.

Skills

Property accounting

CAM reconciliations

Tenant billings

Accounts payable

Accounts receivable

Financial reporting

Excel

GL reconciliations

Education

Bachelor's degree in Accounting or related field

Tools

QuickBooks

Job description

Our client, an established commercial real estate firm, is seeking an experienced Property Accountant to oversee accounting functions for a portfolio of retail commercial properties. The ideal candidate will have a strong background in commercial property accounting, with direct experience managing CAM reconciliations, tenant billings, accounts payable and receivable, and financial reporting.

This position requires someone who understands the financial complexities of retail shopping centers, including NNN and gross lease structures, operating expense allocations, and tenant recoveries.

Key Responsibilities

• Prepare and manage annual Common Area Maintenance (CAM) reconciliations, including expense allocations, tenant recoveries, and billing adjustments.
• Review commercial lease agreements to ensure accurate accounting treatment of NNN and gross lease provisions.
• Manage accounts payable and accounts receivable, including invoice processing, tenant payments, and vendor transactions.
• Prepare monthly financial statements, general ledger reconciliations, and property-level accounting reports.
• Monitor rental income, operating expenses, tenant balances, and outstanding receivables.
• Maintain accurate records of tenant charges, reimbursements, and operating expense recoveries.
• Assist with month-end and year-end closing processes.
• Collaborate with property management to resolve tenant accounting inquiries, billing discrepancies, and financial reporting needs.
• Support budgeting, expense tracking, and other accounting activities related to the commercial property portfolio.
• Ensure accounting records are accurate, organized, and maintained in accordance with company policies.

Required Qualifications

• 5+ years of property accounting experience, preferably within commercial retail real estate or shopping center management.
• Hands-on experience preparing and completing CAM reconciliations is required.
• Strong understanding of commercial lease structures, including NNN (triple-net) and gross leases.
• Experience with tenant billings, operating expense recoveries, and expense allocations.
• Proficiency in QuickBooks, including accounts payable and accounts receivable.
• Experience with general ledger accounting, account reconciliations, and monthly financial reporting.
• Strong Excel skills and ability to analyze financial data.
• Excellent organizational skills, attention to detail, and ability to manage multiple deadlines.
• Strong communication skills and ability to collaborate with property managers, vendors, and internal stakeholders.

Preferred Qualifications

• Experience accounting for multiple retail shopping centers or commercial properties.
• Familiarity with retail tenant lease administration and expense recovery calculations.
• Experience supporting annual property budgets and year-end financial reporting.
• Prior experience working directly with commercial property management teams.

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field preferred.
• Equivalent relevant property accounting experience will be considered.