Real Estate Property Accountant

GPAC - Baltimore, MD

Full-time - Mid Level

Baltimore, MD

Administrative and Support Services

About the position

The Commercial Real Estate Property Accountant will manage a portfolio of properties, focusing on general ledger accounting, variance analysis, and the annual budget process. This role is essential for ensuring accurate financial reporting and maintaining relationships with tenants while handling various accounting tasks related to property management.

Responsibilities

• Perform budget and reforecast input and analysis
• Assist with quarterly property valuations
• Maintain general ledgers
• Prepare and process monthly journal entries
• Provide detailed explanation of income statement variances
• Review leases and leasing activity to ensure accurate billing
• Prepare CAM/RE Tax/Insurance/Utility reconciliations as needed per the terms of the lease
• Establish and maintain relationships with tenants and work to resolve disputes related to recoverable expenses
• Interpret the language of leases in order to set up recoveries for tenants
• Analyze recovery rates and expenses as they relate to or affect property, CAM budgets
• Provide backup support as needed
• Review and understand A/P, A/R, and Lease Administration entries, reports and schedules
• Maintain thorough knowledge of the Lease provisions
• Assist with audits

Requirements

• Bachelor's degree in Accounting or significant related experience
• Minimum of three (3) years work experience in either Accounting or Commercial Real Estate capacity
• Experience in Yardi and/or Argus is a plus
• Ability to prioritize tasks and thrive in a high volume, deadline-oriented environment
• Excellent analytical skills and proficiency in Microsoft Word, Excel, and Outlook
• Ability to work independently with minimal supervision
• Excellent attention to detail and accuracy
• Comfortable reading and deciphering legal documents
• Dependable, punctual, and reliable with a strong work ethic
• Team oriented and team player
• Fluent in English

Nice-to-haves

• Valid driver's license

Benefits

• Dental insurance
• Long and Short-Term Disability
• Group Life Insurance
• Group Long Term Care Insurance
• Medical Insurance that is 100% employer paid up to the in-network out-of-pocket maximum
• 401(k) Plan participation with employer match
• Employee Assistance Program
• Flexible Spending Accounts
• Paid Holidays
• Paid Time Off