What are the responsibilities and job description for the Property Accountant position at Centennial?
Job Details
Description
LOCATION: Birmingham Regional Office * This is not a fully remote position *
POSITION/PURPOSE:
Applies principles of accounting to analyze financial information and prepare financial reports by performing the following duties:
PRINCIPAL JOB ACTIVITIES:
- Produce financials and other owner’s reports for retail property(ies).
- Produce annual budgets for multiple retail / office properties.
- Reconcile annual CAM, tax and insurance payments, and collection of same from tenants.
- Review General Ledger for proper coding of income / expenses.
- Perform balance sheet reconciliations.
- Prepare quarterly loan compliance.
- Perform month-end close for multiple entities with a consolidated roll-up.
- Monitor tenant Accounts Receivable and work with Accounts Receivable staff to correct if needed.
- Understand and apply legal documents related to specific properties.
- Invoice properties for fees when needed.
- Prepare cash flow analysis when appropriate.
- Communicate with property owners, both verbal and written.
- Coordinate transition of financial management for new properties.
- Review property reports for data accuracy and request / make corrections as needed.
- Resolve outstanding Accounts Receivable issues with tenants.
- Review, approve, and update monthly scheduled charges.
- Create quarterly reforecasts including detailed variance explanations.
- Develop CAM, tax, and insurance estimates for upcoming year, update system, and ensure tenant compliance.
- Provide NPV analysis of leasing deals.
- Assemble documentation and field questions for both CAM and financial audits.
- Build recovery models and forecast revenue streams on new developments.
Analyze work product for errors and reasonableness on all projects.
Qualifications
REQUIREMENTS:
- Bachelor’s Degree in Business Administration with a major in Accounting.
- Prefer 2 to 5 years’ experience in real estate accounting or 2 to 5 years in occupancy accounting in a retail environment.
- Detail oriented with strong organizational skills.
- Ability to detect and avoid errors.
- Knowledge of technical and professional principles and skills of accounting.
- Strong analytical thinking.
- Excellent written and oral communication skills.
- Ability to effectively handle multiple tasks simultaneously.
- Exhibit high motivation and a willingness to do whatever it takes to get the job done.
- Advanced Microsoft Excel skills a must. Must be able to create and manage complex spreadsheets, perform advanced functions, utilize formulas, etc.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed 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.
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- While performing the duties of this job, the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; talk and hear. The employee is regularly required to sit.
- The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and expansive reading.
EQUAL OPPORTUNITY EMPLOYER:
Centennial ensures equal employment opportunities regardless of race, creed, gender, color, national origin, religion, age, sexual orientation, or disability.
