Job Description

Commercial Retail Property Accountant

Direct Hire: $75K - $90K base salary

Houston, TX 77024

**MUST have RETAIL PROPERTY ACCOUNTING experience to be considered**

The Property Accountant performs daily property accounting duties for assigned retail properties that includes, but is not limited to, preparing financial reports, entering accrual journal entries in accordance with GAAP, reviewing operating statements and variance reports, payable review, performing reconciliations and ensuring accuracy, consistency and adherence to policies and procedures. The Property Accountant also utilizes MRI accounting software to perform property accounting required tasks. In addition, the Property Accountant also works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, escalation settlements, etc. The Property Accountant will be responsible for a portfolio of buildings. It is also the responsibility of the Property Accountant to deliver the a great experience when interacting and communicating with tenants, owners, vendors and fellow team members.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.

Daily Maintain tenant leases sub-ledger in MRI Review (coding, approval) and post A/P invoices Verify and post tenant cash receipts

Invoice miscellaneous charges and bill backs to tenants as needed

Assist Property Manager and VP of Retail Assets with special projects and be available as a resource

Monthly Generate recurring monthly charges for tenant leases

Maintain the General Ledger for portfolio as assigned

Reconcile Balance Sheet accounts

Review monthly financial statements Book accruals as needed. (utilities, security, AVTX expense)

Assist with collections as needed

Assist Property Manager with variance reporting

Calculate and invoice percentage rent as needed

Annually Reconcile and invoice annual tenant recoveries

Assist Retail Operations Team with annual budget preparation

Provide annual audit support

Other duties may be assigned.

Requirements

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

A Bachelor’s degree with emphasis in accounting, finance, or related field preferred.

Minimum 3-5 years of experience in Property Accounting in retail property management.

A thorough understanding of the following concepts:

Application of Generally accepted accounting principles (GAAP)

Tenant Recoveries

Straight Line Rent

Percentage Rent

OTHER SKILLS and ABILITIES: Proficient in the use of personal computer and Microsoft applications. Applicable experience in real estate accounting software, preferably with MRI. Ability to handle multiple projects, changing priorities and demanding, time-sensitive, workload(s).

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