Senior Property Accountant

Vertically Integrated Real Estate Firm is seeking a detail-oriented Senior Property Accountant to join its finance team. The Senior Property Accountant will play a crucial role in overseeing the financial operations of the firm's real estate portfolio, ensuring accuracy in financial reporting, compliance with accounting standards, and providing critical financial insights to support decision-making. This Senior Property Accountant requires a strong background in real estate accounting, proficiency in financial reporting, and the ability to work collaboratively with multiple departments.

Key Responsibilities

• Maintain and ensure the accuracy and integrity of financial records for multiple properties within the firm's portfolio.
• Oversee accounts payable processes in coordination with the AP team, ensuring all invoices and receivable transactions are properly recorded and accounted for.
• Perform comprehensive bank reconciliations in Yardi, ensuring consistency between internal records and bank statements.
• Assist in the preparation and execution of month-end and year-end financial closing processes, ensuring timely and accurate reporting.
• Collaborate with the AP department to facilitate annual 1099 reporting, ensuring compliance with regulatory requirements.
• Prepare detailed financial statements, balance sheets, and income statements for investor and lender reporting, maintaining the accuracy of financial records for external tax accountants.
• Conduct monthly general ledger reconciliations, identifying and resolving discrepancies in financial data.
• Assist in the development of annual budgets and financial forecasts, providing data-driven insights for strategic decision-making.
• Ensure adherence to Generally Accepted Accounting Principles (GAAP) and regulatory compliance across all accounting functions.
• Collaborate with cross-functional teams, including asset management and operations, to gather and analyze relevant financial data.
• Oversee accounts receivable management as required, ensuring timely collection and accurate reporting of rental income and other receivables.
• Manage intercompany billings and reconciliations, ensuring proper allocation of expenses and transactions among affiliated entities.
• Support the completion of annual beneficial ownership informational reporting in compliance with legal and regulatory requirements.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of three (3) years of real estate accounting experience, with a strong understanding of property-level financial operations.
• Proficiency in Yardi is highly preferred.
• Certified Public Accountant (CPA) designation is preferred but not required.
• Strong knowledge of financial statements, journal entries, and general accounting principles.
• Expertise in financial reporting, budgeting, and forecasting.
• Advanced proficiency in Microsoft Excel and other accounting software.
• Exceptional analytical and quantitative skills, with the ability to interpret complex financial data.
• Strong attention to detail and commitment to accuracy in financial reporting.

The Fair market Assumption for this role's base salary is between $100,000 and $135,000 annually.

The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range at the time of posting and is one part of the total rewards package this client provides to employees.

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