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 Property Accountant

Country: USA
Location: Phoenix AZ
Total applied: 40

Base Pay:$42,000 - $47,000/Year
Employee Type:Full-Time Employee

Industry:Real Estate - Property Mgt Retail

Manages Others:no
Property Accountant

The Property Accountant provides detailed financial and accounting analysis and serves as the primary accounting control for approx. 7-10 properties. This position is also responsible for overseeing the general ledger accounting, financial reporting, and the forecasting functions. Specific duties as follows:
Accept overall financial responsibility and take complete ownership of accounting and financial reporting matters for assigned properties.Oversee application of GAAP for applicable property including reconciling general ledger accounts.Analyze in detail all factors affecting net operating income and net profit.Prepare analysis of partner distributions in relation to expected cash inflows/outflows and current cash position.Prepare accrual and general journal entries at month-end.Prepare financial statements on a monthly basis. On a quarterly basis prepare a partially electronic working paper package that serves as a detailed audit trail.Prepare actual versus budget/prior year monthly analysis with variance explanations for monthly property reports. Must effectively work with Property Manager to develop variance explanations.Oversee yearly budget process and take lead role in compiling and preparing budget.Prepare quarterly forecasts of accounting data for property by effectively analyzing trends, and anticipating certain developments by interviewing mall team and/or applicable party.Manage and ensure payment of debt service, ground leases, real estate taxes, and other miscellaneous special payments and analyze and reconcile related general ledger accounts.Serve as primary liaison with Accounts Payable and Property Manager on general ledger coding questions.Perform miscellaneous special calculations including ground rent participation payments, business license fees, etc. Research the underlying agreements, ordinances, etc. to ensure accurate calculations.Travel to assigned properties to meet with mall teams and tour properties on at least a biannual basis.Assist in year-end audit with outside auditors. REQUIREMENTS
Bachelor's degree with a preference for accounting or business.Experience with taxes and cost accounting.Real estate accounting experience preferred but not required.Knowledge of accounting principals required with a preference for knowledge of real estate specific accounting principals including CAM, straight-line rent, overage, etc.Analytical ability to identify, comprehend, and solve problems and important issues through review of accounting and financial data.Ability to effectively work in a team environment.Ability to communicate effectively with mall team, other shared services departments, controllers, and accounting managers.

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