This position is primarily involved in all accounting aspects related to the various asset portfolios of a high-energy REIT (including the senior housing operating portfolio, office buildings portfolio, and triple-net leased portfolio). Main activities include, but are not limited to, property accruals and close, financial statement review, account reconciliations, straight-line rent calculations, and common area maintenance (CAM) recovery estimates, accruals, and true-ups. The position requires a great deal of energy, attention to detail and ability to effectively handle multiple tasks with minimum supervision, as well as the ability to adapt to changing priorities in a fast-paced environment.
Responsibilities:
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Perform property accruals and close on a monthly basis
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Review portfolio of property financial statements in detail and explain material changes period over period
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Perform straight-line rent calculations and reserves
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Track and analyze bad debt
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Ability to read and interpret leases to ensure accurate revenue recognition
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Perform CAM set-up reviews and calculate estimates, accruals and true-ups
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Provide support to Property Management and Asset Management, including technical guidance
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Perform general ledger and bank account reconciliations on a monthly basis
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Prepare various monthly and quarterly schedules utilized for internal and external reporting
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Assist with transactions for any acquired or sold properties
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Complete ad-hoc projects and management requests
Qualifications:
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Bachelor’s Degree in Accounting or related field
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1 – 3 years of Accounting experience, public accounting experience preferred
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CPA or CPA candidate preferred
