Senior Commercial Property Accountant I
Company: Woodmont Real Estate Services
Location: Belmont
Posted on: May 3, 2024
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Job Description:
Woodmont Real Estate Services is a premier asset and property
management company, we're proud to offer Northern California over
50 years' experience managing a diverse portfolio of commercial and
multifamily properties. We're renowned for our hands-on management
approach, marketing know-how and in-depth knowledge of submarkets
throughout the region. It's what's allowed us to create unique
strategies that are truly custom to each property.*Our mission*: To
add value to our clients by providing superior service to all who
live and work at the properties we manage. To achieve this goal, we
create an exceptional professional environment for all associated
with our organization.*All are welcome here.* We respect and honor
differences in gender, race, age, faith, ethnicity, sexual
orientation, and gender identity. Because we all thrive when our
differences are valued.*Values: *Integrity, Excellence, Respect,
Loyalty, Diligence, TeamworkThe Senior Commercial Property
Accountant is primarily responsible for ensuring the integrity of
accounting information by recording, verifying, consolidating,
analyzing, and entering transactions during the preparation of
financial statements for multiple commercial accounting entities.
Establishing and enforcing property accounting methods, policies,
and principles. Manage relationship with specific Commercial
accounting vendors.*Essential Job Functions:** Responsible for
managing the preparation of monthly financial statement packages
for multiple commercial entities.* Specific responsibilities for
processing entities include:* Posting of cash receipts* Input lease
abstracts* Process move-outs and security deposit refunds.* Process
rent rolls and delinquency reports.* Review A/P coding and
descriptions* Bank reconciliations* Monthly Property Management Fee
calculations* CAM set up, calculate CAM estimates, reforecasts, and
annual CAM reconciliations.* Manage the monthly review of multiple
commercial financial statements. Due dates range from the 4th
business day through the 25th of each month; 25% of F/S reviewed
every month shared with CFO.* Manage the calculation and processing
of Client distributions and/or capital contributions on a monthly,
quarterly and/or annual basis.* Manage or oversee general
accounting: review A/P Prelim report for coding and description
accuracy, G/L account analysis, journal entries, bank recs,
management fee calculations, reconciliation of scheduled rent to
actual rent billed, amortization and depreciation schedules if
required.* Manage cash records for each property and perform cash
management functions, such as setting up ACH and wire transfer for
secondary approval.* Daily interface with property and regional
managers. Work closely with other commercial property accounting
team members and A/P specialists.* CAM reconciliations are done
using a variety of methods: primarily in MRI, Kardin and in Excel.*
Manage and complete Clients external annual audits.* Maintain
property files including insurance, property tax and mortgage
documentation on Excel for prepaid, accrued and amortization.*
Manage/oversee relationship with specific Commercial accounting
vendors such as MRI and Rentpayment.com* Interface with Clients and
other external* Train and mentor junior staff.* Other duties as
assigned.This position works closely with on-site Property
Managers, Commercial Regional Managers, President-Commercial and
A/P Specialists.*Minimum Qualifications:*_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 generally
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
functions._*Education/Experience: *Four-year Accounting degree
required. A minimum of five years of on-the-job accounting
experience in commercial. Knowledge of property accounting and
lease analysis. Solid understanding of CAM (recoveries/billbacks)
calculations.*Language Ability: *Strong oral and written
communication skills.*Reasoning Ability: *Ability to apply common
sense understanding to carry out instructions furnished in written,
oral, or diagram form. Ability to deal with problems involving
several concrete variables in standardized situations.*Computer
Skills:* Must have excellent computer skills including advanced
knowledge of Excel (Vlookups, pivot tables, IF Formulas, Sumifs)
and Microsoft Office. Yardi and MRI experience preferred, other
property management software packages helpful.*Mathematical
Skills:* Strong mathematical skills required. Ability to calculate
figures and amounts such as discounts, interest, bonuses,
proportions, percentages. Ability to apply concepts such as
fractions, percentages, and proportions to practical
situations.*Certificates, Licenses, Registrations: *none
required.*Subordinate Jobs reporting to this position, if
any:*Property Accountant*We Offer:*Full Time benefits include paid
vacation and sick time, Medical, Dental, Vision, Life insurance and
401(k) PlanCommuter BenefitEmployee Assistance ProgramExcellent
work environment with a committed teamDrug Free
WorkplaceCompetitive SalarySalary: $90,000 - $105,000 Annual This
is an Exempt position.Woodmont is an E-Verify employer and will
provide your Form I-9 information to the authorized government
agency to confirm that you are authorized to work in the U.S. For
more information, please visit E-Verify.Equal Opportunity
EmployerJob Type: Full-timePay: $90,000.00 - $105,000.00 per
yearBenefits:* 401(k)* 401(k) matching* Dental insurance* Health
insurance* Life insurance* Paid time off* Vision
insuranceEducation:* Bachelor's (Required)Experience:* commercial
accounting: 5 years (Required)* CAM calculations: 1 year
(Required)Work Location: In personby Jobble
Keywords: Woodmont Real Estate Services, Mountain View , Senior Commercial Property Accountant I, Accounting, Auditing , Belmont, California
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