Senior real-estate accountant

Fenix Development, Inc.; Los Angeles (CA); On-site; USD 90,000 - 120,000; Full time

Job summary

Fenix Development, Inc. in Culver City seeks an experienced Senior Accountant to manage day-to-day accounting for office and retail properties. You will handle billing, tenant collections, and payables in Yardi, and support the general ledger and monthly financial reporting.

The role includes budgeting, forecasting, P&L analysis, quarterly consolidated statements, CAM reconciliations, and collaboration with asset managers.

Qualifications

• 5 years of real-estate accounting experience required (Yardi mandatory).
• Proficiency in Microsoft Office and Yardi software required.
• Strong organizational skills and attention to detail; able to meet deadlines.
• Ability to operate in a fast-paced, high-volume environment.

Responsibilities

• Process daily receipts, post payments, review payables, and update tenant billing.
• Close monthly books and prepare schedules supporting balance sheet and income.
• Record rental income, ancillary income, and reconcile cash receipts.
• Prepare monthly bank reconciliations and amortize prepaid items.
• Maintain fixed assets, calculate depreciation, and manage security deposits.
• Record debt service, property taxes, and accruals for liabilities.
• Assist with annual audits and provide ad hoc financial analysis.
• Prepare monthly financial statements for investors and lenders.
• Forecast income, expenses, and cash flow; perform quarterly consolidations.
• Manage CAM reconciliations and budgeting processes.

Skills

Excellent organizational skills

Time management

Microsoft Office Suite

Yardi proficiency

QuickBooks proficiency

Real estate accounting experience

Tools

QuickBooks

Yardi

Job description

Job Summary

Small real estate development and investment firm in Culver City, is seeking an experienced Senior Accountant responsible for day to day accounting of specific office and retailproperties. Core responsibilities include all aspects of billing, tenant collections and payables through Yardi, maintaining and supporting the general ledger, recording revenue, accruing expenses, monthly financial reporting, budgeting, forecasting, profit and loss analysis, and every quarter, the preparation of consolidated and combined financial statements, CAM reconciliations.

Duties/Responsibilities

• Perform daily activities such as receive checks, post receipts and prepare deposits; review and post payable invoices; review and post tenant billing adjustments; review and post prepayment application to open charges, and; update gross sales reports
• Monthly accounting close process, including recordation of monthly operational activity
• Monthly preparation of schedules to support the balance sheet and income recordation
• Record monthly rental income, ancillary income, and reconcile cash receipts
• Prepare monthly bank reconciliations
• Record and amortize prepaid items such as insurance, loan fees and deferred income
• Maintain fixed assets, calculate and record monthly depreciation and amortization expense
• Reconcile security deposits to the subsidiary ledger monthly
• Accrue all property taxes, which includes understanding how property taxes are calculated
• Record debt service monthly, including principal amortization, interest expense, escrow accounts
• Understand how to analyze and record bad debt expenses and prepaid rent
• Record monthly accrued liabilities, including utility expenses, debt service, etc.
• Record management fee expenses, asset management fees, and other G&A expenses monthly
• Work with Asset Managers for proper capitalization of fixed assets and operational expenses
• Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances
• Complete analysis of financial data and assist with ad hoc projects
• Prepare monthly financial statement reporting for investors and lenders
• Monthly forecasting of income, expenses, and cash flow analysis
• Quarterly consolidation of financial data
• Prepare the annual budget
• CAM reconciliations and billings
• Assist with annual audit with outside auditors
• Performs other related duties as assigned

Required Skills/Abilities

• Excellent organizational skills and attention to detail, strong time management skills with a proven ability to meet goals and deadlines
• Ability to function well in a fast-paced, high-volume environment
• Proficient with Microsoft Office Suite or related software
• Proficient with Quickbooks, Yardi and all of the suites within Yardi.
• 5 years of experience in real-estate accounting and Yardi are mandatory.