Property Accountant

Global Real Estate Investment Firm seeking a Property Accountant who has experience with RET and MRI. The ideal candidate would be someone with a background in real estate from the greater Philadelphia area.

​

Responsibilities:

• Execute full charge accounting and reporting for assigned industrial/warehouse assets.

• Complete fixed asset schedule maintenance and updates as well as other intangible/deferred asset amortization schedules and maintenance.

• Perform straight line rent reconciliation, analysis and updates.

• Execute leasing costs (legal, leasing commission, marketing) amortization and analysis.

• Perform above/below market lease reconciliation, analysis and updates.

• Complete construction accounting analysis and updates.

• Resolve tenant RET disputes in conjunction with Property Management and A/R teams.

• Complete annual tenant RET reconciliations.

• Review and approve property invoices.

• Analyze NOI variance (actual vs. budget, $10K/10%).

• Compile and complete annual operating expense budgets.

• Assist with year-end financial audit.

• Prepare monthly bank reconciliations, tenant utility billings and other tenant billings as needed.

• Review and adjust monthly management fees.

• Review and complete monthly GL closes and supporting schedules.

• Perform other duties as assigned by management

​

Minimum Education & Experience Requirements:

• Bachelor's degree in Accounting required; Advance degree a plus

• Three (3) to five (5) years of experience with historical cost accounting, with a REIT background preferred

• Prior experience in an accounting role for a construction or property management/real estate company

• Experience with reconciliations and month-end reporting

• Knowledge of MRI, Real Asset Management and Nexus

The Fair market Assumption for this role's base salary is between $80000 and $95000 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.

​

Cob2