Sr. Real Estate Accountant

Marcum Search LLC; Cleveland (OH); On-site; USD 65,000 - 85,000; Full time

Job summary

A leading consulting firm is seeking a Senior Real Estate Accountant to handle lease administration and bookkeeping duties. Responsibilities include maintaining lease files, preparing financial statements, and ensuring lease compliance. The ideal candidate should have a bachelor's degree in accounting or relevant experience in real estate accounting with proficiency in MRI, RealPage, and Excel. Excellent communication and organizational skills are essential for this role.

Qualifications

• High School Diploma required; Bachelor’s in Accounting preferred.
• Proven record of excellent customer service.
• Proficiency in accounting software including MRI and RealPage.

Responsibilities

• Prepare and process monthly billings in MRI.
• Monitor accounts receivable and work with property management.
• Assist in month-end close process by posting accruals.

Skills

Detail oriented

Analytical skills

Organizational skills

Excellent communication

Education

Bachelor's degree in Accounting

Tools

MRI accounting software

RealPage

Yardi

Microsoft Excel

Microsoft Word

Job description

CBIZ Talent Solutions is assisting our client in their search for a Senior Real Estate Accountant.

Summary

The Senior Real Estate Accountant position is a multi-functional role combining the full spectrum of commercial and multifamily lease administration and bookkeeping duties. This individual must possess strong and effective written and verbal skills, great self-motivation, and positive attitude, along with excellent organization and multi-tasking skills. This individual will also be responsible for maintaining all commercial lease files, including abstracting, reviewing, and monitoring commercial leases from execution through lease termination, monitoring critical lease duties, and calculating rental escalations as needed. In addition, the individual will also be responsible for maintaining electronic tenant files in MRI; performing continual lease audits, working with property management to ensure lease compliance, managing security deposits/letters of credit, working with other accounting and property management personnel in preparing operating expense reconciliations, and completing monthly rent billings. The Real Estate Accountant will assist in leasing due diligence including estoppel generation and reconciliation to tenant leases and other records. This individual will also be responsible for preparing and analyzing weekly leasing activities and monitoring monthly lease renewals. Prepare and analyze monthly, quarterly, and annual financial statements. Will assist property site staff with day-to-day operations.

Essential Duties & Responsibilities

The activities listed here are not all-inclusive; rather, they indicate the types of activities normally performed by this position. The successful candidate will be able to demonstrate core competencies in the following areas:

• Prepare and process in MRI monthly manual billings of variable
• Prepare, Review and process in MRI and RealPage payment of vendor invoices and update of vendor
• Apply tenant payments in MRI. Balance deposits to bank records to ensure proper cash
• Monitor monthly accounts receivable and work with property management to ensure rent and other income are collected in a timely fashion. Work with property management to ensure preparation of delinquency notices as required.
• Participate in the due diligence process as it relates to lease documents both for acquisitions and dispositions.
• Preparation of annual budgets and common area expense reconciliation and communicate updates to management personnel.
• Assist in month, quarter and year end close process including posting accruals and other closing entries, completing balance sheet reconciliations, variance analysis and other requirements from management, lenders, auditors, and tax accountants.
• Abstract all new commercial leases, loan agreements, and operating agreements and enter information into MRI accounting system. Enter and manage all lease notes, maintaining critical dates and tickler files. Follow up as required to ensure property management and leasing are aware of any approaching option dates and required
• Ensure compliance with Fair Housing
• Review tenant ledgers to ensure
• Prepare monthly HUD MAR
• Reconcile cash weekly to maintain
• Ongoing review of AI lease rate
• Create and maintain electronic and hard copy tenant lease files to ensure they contain current and accurate information.
• Work with management to prepare and follow a continual audit schedule for all existing lease documents in the portfolio.
• Review rental changes and communicate and/or prepare tenant notices as
• Serve as liaison between Landlord and Tenant regarding each party’s compliance with all provisions of the lease. Respond to tenant billing questions.
• Work with property management/tenant to ensure that lease exhibits including commencement date exhibits are executed as needed.
• All other duties as assigned and associated with the day-to-day operation of a commercial and multifamily real estate portfolio.

Requirements/Qualifications

• High School Diploma required; Bachelor’s degree in Accounting preferred or relevant experience in Real Estate Accounting using the MRI/RealPage/Yardi accounting software and Avid.
• Detail oriented, analytical and computer literate with proficiency in Word, Excel, and Outlook. PowerPoint proficiency is an added skill.
• Organized with ability to multi-task while keeping track of
• A proven record of providing excellent internal and external customer

Communication Skills

• Excellent written and verbal communication skills.
• Strong organizational and analytical skills.
• Ability to provide efficient, timely, dependable, and courteous service to internal and external customers.
• Ability to effectively present information verbally and in writing.

CBIZ Talent Solutions is an Equal Opportunity Employer.
CBIZ Talent Solutions does not discriminate on the basis of race, ancestry, national origin, color, religion, sex, gender identity, age, marital status, sexual orientation, disability, veteran status, or any other protected classification under the law.

#MONDONOTPOST