Property Accountant/Senior Property Accountant

About EQ Office 

EQ Office is Blackstone’s US office portfolio company with best-in-class expertise across acquisitions, asset management, leasing, redevelopment & property operations. EQ’s focus is to create and operate inspiring workplace destinations by offering solutions that blend the best of work, home, and hospitality. Our diverse team of ~160 professionals currently operate a portfolio of over 20 million square feet for over 1,500 customers across major US markets including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Seattle. 

OneTeam is EQ’s Core Foundation. It's what happens when individuals collaborate across team, function, and time zone. It's that innovative idea that starts to stick when we come together under one roof; it's the desire to be part of something bigger than ourselves, striving to find greater purpose. By sharing best practices across department and region, extending impact beyond work and into our communities, and integrating our foundational principles, we ultimately do better when we operate together.

At EQ Office our culture is centered around OneTeam with the following principles

· Kindness, Respect and Trust

· Merit

· Accountability

· Integrity

· Essential Transparency

· Never be Complacent

· Work Hard and Have Fun

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Role Summary

We are looking for two Accountants (either Property Accountant or Senior Property Accountant) to be responsible for performing the established daily and monthly accounting procedures for an assigned portfolio of properties. Responsibilities include the accurate and timely reporting of property level financial statements in accordance with US GAAP and Company’s policies. The role will oversee analyzing monthly/quarterly closing actuals, preparing forecast and budget in close collaboration with the property management team, leasing, and asset management team, and apply critical thinking to challenge and enhance business performance.  This role requires 5 days in the office at our Santa Monica, CA location.

Essential Job Functions

Property Accounting management

• Maintain property-specific general ledgers, ensuring all transactions are accurately recorded and reconciled
• Perform month-end close procedures, including but not limited create and post journal entries, perform bank reconciliations, perform GL account reconciliations, create and post monthly property expense accruals, variance analyses, and other month-end procedures as needed
• Perform daily activities such as create batches for tenant receipts, review and post tenant billing adjustments, review and post prepayment applications to open charges, review and approve invoices
• Monitor and maintain cash balances daily, review payables ensuring that vendor invoices are processed for payment as needed
• Provide oversight and direction to 3rd party property accounting teams

Financial reporting

• Prepare and analyze monthly financial reporting package including balance sheet, income statement, supporting schedules and other reports as needed for each managed property
• Review 3rd party provided monthly financial statements and supporting schedules

Lease administration

• Manage lease-related accounting activities, including, setting up new leases and rent schedules in accounting system
• Set up tenant recovery profile/pools in accounting system and prepare CAM reconciliations/estimates for in-house managed properties
• Review CAM reconciliations/estimates prepared by 3rd party property accounting teams
• Review complex lease agreements, abstracts, and associate lease commissions calculations

Budget and Forecasting

• Participate in the annual budget process and quarterly current year reforecasting for the responsible assets
• Monitor actual performance against budgeted expectations

Team Collaboration

• Ensure timely response to all requests from property managers, asset managers and other departments in relation to any property accounting questions or issues

Process improvement

• Continuously evaluate and enhance property accounting processes for efficiency and accuracy
• Identify opportunities to streamline workflows and improve data quality
• Assume additional responsibilities and performs special projects as needed or directed

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Qualifications

• Bachelor’s Degree in Accounting or Finance required; CPA certification preferred
• Demonstrated knowledge of US GAAP
• 4 years of commercial property accounting experience with office assets is required
• Experience in Yardi, MRI or other property management software
• Proficiency in Microsoft Excel (Power Pivot, Sumifs, Lookups, Index/Match, Regular Pivot Table, etc.)
• Excellent oral and written communication and interpersonal skills
• Ability to work effectively in a team and independently
• Intelligent and analytical problem solver able to make sound recommendations

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Base Salary Range:  $90,000-$125,000.  This represents the presently-anticipated low and high end of the Company’s base salary range for this position.  Actual base salary range may vary based on various factors, including but not limited to location and experience. 

Benefits:  The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email recruiting@eqoffice.com