Property Accountant

Full-Time
Houston, Texas
Posted 2 weeks ago

 

About Lee & Associates – Houston:

Lee & Associates Houston is looking to add experienced Property Accountant to add to our growing team of professionals.

Lee & Associates – Houston was founded in 2015 and since has ranked #9 overall and #6 in leasing for the “Top 10 Most Powerful Brokerage Firms” by Commercial Property Executive, added an integrated services portfolio, a medical office business line and a new retail division. We are a fully-integrated commercial real estate company that creatively responds to a client’s real estate needs. Lee Houston’s unrivaled capabilities and unwavering dedication to integrity appeal to smart building owners and company managers who recognize the value of partnering with a business-minded broker. Through hard work and a fierce commitment to their client’s best interests, Lee & Associates promises to deliver optimum returns on a company’s real estate investments. As part of a nation-wide team of brokers with more than 65 office locations in cities across the US and Canada, Lee & Associates’ brokers are uniquely qualified to support their clients’ real estate needs in Houston, across Texas, throughout the US and internationally.

Basic Function:

Under the direction of the Controller, the Property Accountant is responsible for the day-to-day accounting functions required to produce monthly GAAP financial statements for properties . Accuracy and timeliness in the completion of the workload is required in this position. Strong communication skills, good work ethic, analytical thinking, a Bachelor’s degree in accounting and at least 2-3 years of experience are required and experience in the real estate field is preferred.

Duties:

Financial Reporting

  • Prepare monthly bank reconciliations
  • Record monthly adjusting and accrual entries
  • Update fixed asset system for additions and disposals and record monthly depreciation/amortization
  • Monitor cash balances and recommend capital calls and distributions from/to investors
  • Prepare monthly financial statement analysis according to GAAP with variance reporting
  • Compile monthly financial statement package with required supporting documentation
  • Distribute financials to lenders/owners
  • Attend owner meetings, as necessary
  • Assist in the annual audit and tax return preparation
  • Assist in annual budget preparation
  • Prepare monthly financial reporting including journal entries, general ledgers, income statement and balance sheet

Accounts Receivable

  • Record tenant receipts against monthly charges
  • Process monthly tenant billings and other miscellaneous billbacks
  • Send monthly invoices/statements to tenants
  • Review lease entries in Yardi

Accounts Payable

  • Process payable invoices: review, code and acquire proper approvals
  • Manage weekly cash flow spreadsheet to determine which payables are to be paid
  • Record electronic payments
  • Prepare annual form 1099 NEC/MISC

*Additional duties assigned by management

Qualifications:

  • Bachelors degree in Accounting or Finance
  • At least 2-3 years of property accounting experience, real estate preferred
  • Strong communication skills
  • Good work ethic
  • Analytical thinking
  • Strong organization skills and attention to detail
  • Ability to work independently and collaboratively in a team environment

Benefits & Company Culture:

  • Competitive salary plus bonus
  • Paid holidays and paid time off
  • Full compensation package that includes paid holidays and paid time off
  • Company paid disability benefits and life insurance policy
  • Fun team environment & philanthropic events to give back to the community and company-sponsored events/activities and other perks
  • Position with indefinite growth potential

 

 

Job Features

Job CategoryIntegrated Services, Lease Accounting, Lease Administration, Property Management

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