Sr. Property Accountant
About the Company
Vooru is a tech-enabled recruitment firm that connects top companies with the right talent. We specialize in permanent placements in the Greater Washington area and around the United States. Our unique compatibility-based matching platform allows us to better understand who companies and professionals are today, and how to help them get where they want to go.
Our client is a diversified organization with a pristine reputation as an investor, developer, and owner/operator of virtually all types of real estate. They invest capital for their own account and on behalf of institutional and asset management clients seeking premium returns. This client is currently seeking a skilled Sr. Property Accountant.
About the Job
The Sr. Property Accountant will manage financial operations for a portfolio of commercial properties. In this role, you'll handle monthly reporting, reconciliations, cash flow management, and ensure compliance with loan covenants. They’re looking for a resourceful, team-oriented professional who thrives in a collaborative environment and is excited to support both accounting and property management teams. If you're ready to grow in a dynamic commercial real estate setting, this is the one for you.
Responsibilities
Develop and implement commercial property-related operational accounting procedures and monthly close processes, to include but not limited to review of general ledgers, processing journal entries, and preparing monthly accruals
Prepare monthly and quarterly reporting packages for a portfolio of properties in a timely manner
Prepare monthly bank and other balance sheet reconciliations in tandem with the reporting package
Prepare and monitor monthly debt and equity draws and manage project cash positions on a daily basis
Approve and process accounts payable disbursements as needed
Ensure compliance with mortgage loan covenants and reporting requirements
Assist in preparation of local, state, and federal tax returns with consultation from outside accounting firm as necessary
Assist in annual financial statement audit and reviews performed by outside CPA firm
Assist in preparation of joint venture and consolidated financial statements
Assist, review, and coordinate the workflow of Lease Administrator including application of A/R adjustments and daily cash receipts
Assist property management staff with preparation of annual budget package and monthly and quarterly variance analysis to budget
Supervise property accountant and other junior staff
Perform other duties as assigned
Qualifications
Minimum Qualifications:
4+ years of public (audit) and/or commercial real estate accounting experience
BA/BS in accounting, finance, business, or other applicable business discipline
CPA with experience at a large public accounting firm
Robust understanding of US GAAP, budgeting, and forecasting
Preferred Qualifications:
Experience in Big Four public accounting is preferred
Familiarity with Yardi or MRI
Experience in a Real Estate, Construction, or Financial Services environment is a plus
High degree of responsibility and initiative with the desire to advance beyond this position
