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  • Location: Downtown LA, California
  • Remote: Remote
  • Type: Direct Hire
  • Job #654
Leading global developer and operator of high-quality real estate assets and one of the largest asset managers in the world in Downtown LA is looking for a Senior Property Accountant. Responsible for providing timely and accurate reporting of day-to-day operations of California Market Center and managing and executing the financial reporting, budgeting and forecasting process for this non-DTLA fund property.
Responsibilities:
  • Leadership
    • Take responsibility and ownership of financial results in monthly review and presentation to management.
    • Assist, review and coordinate the workflow of leasing Administrator, A/R and A/P Supervisors
  • General Accounting
    • Review and analyze general ledgers for respective properties process journal entries, calculate monthly accruals and update balance sheet backup schedules.
    • Review and approve A/P voucher, payroll data entries, A/R adjustments, daily cash receipts journal, etc.
  • Financial Reporting
    • Prepare monthly and quarterly reporting packages for properties and the region for the corporate office
    • Review and prepare necessary reconciliations to balance sheet and income statement in a timely manner.
    • Prepare monthly and quarterly variance analysis and monthly balance sheet analysis
    • Ensure compliance of mortgage loan covenants and reporting requirements
  • Audit
    • Prepare detailed year-end financial reconciliations, analyses and working papers
    • Provide accounting detail and assistance to internal/external auditors
  • Forecast and Budgets
    • Prepare quarterly forecasts, invoicing of operating expense recoveries, C.P.I. adjustments and security deposit transactions
    • Preparation of annual budget package, detailed variance analysis, and balance sheet analysis
  • Miscellaneous
    • CAM Recovery Reconciliation
    • Job Cost or Fixed Assets
    • Straight Line Rents
    • Proficiency in Yardi
Qualifications:
  • Bachelor's in Accounting; CPA preferred
  • Strong accounting skills with in-depth knowledge of US GAAP; and IFRS knowledge a plus (specifically real estate)
  • 3+ years of public accounting and/or commercial real estate accounting experience preferred
  • Communication, presentation and interpersonal skills
  • Strong analytical ability
  • Strong communication and organizational skills; ability to handle multiple priorities, self-starter
  • Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
  • Experience with Yardi is required
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