Client Accountant

Overview

This role provides daily property accounting support for assigned properties. Responsibilities include preparing financial reports, processing accrual and cash journal entries, reviewing operating statements and variance reports, supporting escalation and payable reviews, performing reconciliations, and ensuring accuracy and compliance with the applicable Management/Leasing Agreements and SOC1 controls.

The position uses assigned real estate accounting software (for example, MRI and/or Yardi) to complete client accounting tasks. The role also coordinates with property management to ensure reporting deadlines are met, including monthly operating reports, annual budgets, and escalation settlements.

This position does not manage or supervise.

Responsibilities

• Review tenant billings and adjustments based on information provided by the Property Manager (PM), and submit Commercial Management (CM) batches for review and posting.
• Review and post cash receipt batches entered by the Client Accounting Associate; maintain property cash balances.
• Review and approve large accounts payable disbursement items (e.g., Weekly A/P batches) and submit the weekly Open A/P report for weekly check-run processing.
• Prepare and/or review bank reconciliations each month for all assigned bank accounts.
• Review or post monthly Rent Roll postings from property management; ensure changes from the prior month’s Rent Roll are reasonable (e.g., current month move-ins/move-outs, rent steps).
• Review aged delinquency reports for adjustments and credits needed to open charges, and ensure cash receipts are properly applied to tenant accounts.
• Review and revise supporting schedules with monthly charges as required by the Owner; ensure sub ledgers and supporting schedules tie to the general ledger.
• Review the general ledger and income statement for additional adjusting entries; confirm with the PM and book approved entries.
• Review financial statements and monthly reports to confirm supporting schedules tie to financial reports; submit the monthly financial report package to the accounting manager for review.
• Monitor property bank account cash balances.
• Assist with review of prior year CAM and real estate tax escalation reconciliations and respond to auditor questions as needed.
• Prepare calculations for owner distributions based on owner requirements and the established time schedule; initiate monthly owner distributions per the Property Management Agreement.
• Prepare monthly rent-up reports for property manager review; post rent-ups after approvals are received and make corrections/adjustments on the tenant ledger as directed.
• Ensure timely payment of mortgages and property taxes.
• Calculate the monthly Management Fee and/or Incentive Management Fee due, including required backup documents.
• Maintain scanned copies of monthly financial report packages, bank statements, and reconciliations; load required documents into OneSpace.
• Communicate effectively with clients, internal and external auditors, tax preparers, and team members as required.
• Calculate and file sales tax.
• As appropriate, close accounts payable, commercial management modules, and general ledger modules each month.
• Perform additional client accounting duties as assigned.

Requirements

• Bachelor’s degree with emphasis in accounting, finance or related field preferred.
• Minimum of 2–3 years of recent fee-based property management accounting experience.
• Working knowledge of financial terms and principles, including current accounting methods (cash and basic accruals); ability to apply generally accepted accounting principles (GAAP).
• Working knowledge of owner budget reporting requirements; participate/assist in preparation of the annual budget with property management.
• Working knowledge of escalation and operating expense budgeting and settlement processes, including calculation of “gross-ups”; may participate/assist in preparation of actual settlement schedules.
• Experience with real estate accounting software, preferably MRI and/or Yardi.
• Proficiency with Microsoft Word, Excel, and Adobe.
• Strong analytical capabilities and high attention to detail.
• Ability to handle multiple projects, changing priorities, and demanding time-sensitive workloads.
• Ability to receive general work supervision, be self-managed, and work independently.
• Ability to provide efficient, timely, reliable, and courteous service to internal and external customers.
• Ability to keep information and internal communications confidential.
• Excellent verbal and written communication skills.
• Must be able to remain in a stationary position 50% or more of the time/constantly operate a computer and other office productivity equipment (e.g., calculator, copy machine, computer printer), or, by request, be provided reasonable accommodations to perform the essential functions of the position.

Compensation & Benefits

Not specified.

Location

Remote

Additional Information

Selected candidates are subject to pre-employment background checks, which may include criminal history, education verification, motor vehicle records, credit history, and professional license verification. Employment is also subject to successfully passing a drug screen check prior to starting.