PROPERTY ACCOUNTANT

REAL ESTATE COMPANY LOCATED IN ROCKVILLE, MD, IS SEARCHING FOR A PROPERTY ACCOUNTANTThe Property Accountant will be assigned a portfolio of properties and be responsible for property level general ledger accounting (expenses and fixed assets); A/R maintenance; monthly financial reporting, review and analysis (income statement and balance sheet); assisting in the annual budget process; and special projects as assigned. The Accountant will be part of a team related to his or her portfolio of assets, including the asset manager, property manager, lease administrator and property assistant. This Position requires initiative, accuracy, excellent analytical and communication skills, and good judgment. The purpose of this position is to ensure the accuracy and integrity of property level financial statements and facilitate the timely reporting of financial information. Expenses • Purchase Orders o Review open purchase orders for coding and status reporting within the normal PO approval process (issuance and receipt of PO’s to remain property managers’ and assistants’ responsibility). o Review continuing PO report, preliminary financials and budgets to ensure property managers and assistants “receive” PO’s in the system when necessary. o In coordination with property managers, ensure that the appropriate amounts are received on purchase orders at month/quarter end (with the appropriate coding), and that accruals are posted when necessary. o Review, research and update Received-Not-Vouchered Report. • Real Estate Taxes/Public Rental Space o Ensure timely payment of all real estate tax bills. o Ensure proper accounting treatment including accruals and prepaid. o Maintain assessment notices and recommend adjustments to accruals. o Maintain real estate tax files. o Update real estate tax budgets as properties are acquired. • Insurance o Post monthly property-level insurance allocations. • Business Licenses o Timely filing of business license returns o Ensure timely payment of business license bills o Maintain business license files • Personal Property Taxes o Timely filing of personal property tax returns, includes working with property management to obtain complete listing of personal property. o Ensure timely payment of personal property tax bills. o Ensure proper accounting treatment including accruals and pre-paid. o Maintain personal property tax files. Fixed Assets • Ensure recurring capex, major capex and tenant improvement WIP spending is in accordance with established capitalization and depreciation policy. • Monitor work orders to ensure proper status codes are assigned (i.e., in process, substantially complete, or complete/inactive) and to perform timely soft-closes/closes. • Process and maintain work order close-out paperwork. • Establish fixed asset lives in accordance with WRIT’s capitalization and depreciation policy. • Perform timely asset disposals when necessary. Accounts Receivable • Responsible for being initial point of contact for tenants, property managers and asset managers on A/R related matters. Refer matters to property and/or asset management when appropriate. o Ensure accuracy of cash receipts posting in coordination with accounts receivable clerk and property management. o Review Accounts Receivable aging reports, follow up with tenants on delinquent payments, and report on A/R status in monthly A/R team meetings. o Prepare tenant statements of account, research leases and adjust tenants’ accounts as necessary, within the appropriate level of authority. o Review JDE-generated delinquency and default letters for accuracy and coordinate distribution with property assistants. o Respond to tenant inquiries related to A/R – research monthly recurring and manual charges in coordination with lease administration. o Make necessary approved spread adjustments and communicate write off activity. o Act as central coordinator for legal filings related to delinquent tenants. • Prepare tenant utility bills. • Update vacancy credit reporting. • Post manual billings in coordination with PMs, i.e. late fees, keys, access cards, etc. • Attend parking meetings. Financial Analysis • Monthly revenue and expense variance analysis and reporting (actual vs. budget, actual vs. actual, current vs. prior). • Prepare monthly financial package for assigned properties, including reconciliation, roll-forward and analysis of selected balance sheet accounts (fixed assets, A/R, prepaids and other assets, accrued liabilities, etc.). Budgets • Assist PM’s in gathering and preparing materials for annual budgets. • Review annual budgets for income and vacancy as prepared by lease administration. • Participate in preparation (entry, collection & reporting) of operating expense budgets (1–5 yrs). • Assist in the preparation of the budget narrative and key assumptions. • Assist in preparation of the capital budgets (1 – 5 yrs). The Property Accountant will report to the Assistant Manager of Property Accounting, but will work very closely with other members within the organization. The ideal candidate must be detail-oriented, able to work effectively in a team environment, demonstrate strong communication skills, and enjoy a fast paced environment. This individual must be willing to get involved in detail processes and procedures and work with a variety of individuals at different levels within the organization. Job Requirements • B.S. in Accounting • 4 years of relevant Accounting experience • Knowledge of Real estate development and construction accounting • JD Edwards/One World or comparable systems experience • Attention to detail • Working knowledge of GAAP PLEASE SUBMIT RESUMES TO tonya.sobhani@parkerlynch.com Company: Parker and Lynch Status: Full Time, Employee Location: Rockville, MD Salary: 60,000.00 - 65,000.00 USD /yearBonus Job Category: Accounting/Finance/Insurance Career Level: Experienced (Non-Manager) Work Experience: 2+ to 5 Years Education Level: Bachelor's Degree