(310) 878-3272
info@pacificexecutives.com
Senior Property Accountant
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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
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- 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.
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- 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
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- Audit
- Prepare detailed year-end financial reconciliations, analyses and working papers
- Provide accounting detail and assistance to internal/external auditors
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- 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
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- Miscellaneous
- CAM Recovery Reconciliation
- Job Cost or Fixed Assets
- Straight Line Rents
- Proficiency in Yardi
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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