Senior Project Accountant

Posted on Dec 11, 2018 by Polinger

Chevy Chase, MD 20815
Real Estate
5 Dec 2018
Annual Salary
Full-Time
  • Analysis and preparation of monthly/quarterly financial statements including all supporting schedules on cash and accrual basis
  • Annual Budget preparations and quarterly reforecasts
  • Abstract and input all rental obligations and all other important lease information related to assigned commercial portfolio
  • Review recovery clauses, set up recovery pools, calculate actual recovery expenses for each commercial tenant and review caps, base years, and non-standard exclusions
  • Complete understanding and the ability to setup Gross-ups for commercial properties
  • Analyze and prepare commercial tenant operating and real estate tax escalations for assigned properties' monthly payment and annual true-up
  • Track, maintain, and communicate all expirations, option exercise dates, and other critical information to the assigned property manager
  • Manage, analyze and audit tenant accounts to ensure they are billed correctly each month for all rental and additional charges per their lease and investigate and resolve all discrepancies
  • Work with accounting and property management teams to identify rent payments, proper application of payments against open charges; ensure that all rent payments are properly deposited
  • Coordinate processing of one-time or manual commercial tenant charges
  • Process monthly late fees for commercial tenants
  • Ensure that all required commercial tenant documents are current, accurate and complete
  • Communicate with commercial tenants and property managers on lease related aspects; perform research and prepare account reconciliations as needed
  • Analyze and prepare depreciation/amortization of fixed assets on a monthly/quarterly schedules
  • In conjunction with Property Management present formal revenue and expense variance explanations on a monthly/annual basis
  • Income analysis and projections
  • Based on schedules of third party/lender requirements, perform analysis and develop financial reports
  • Work with the Accounting, Property Management and Asset Management teams to provide support and to obtain necessary information for the completion of financial statements
  • Provide audit assistance and prepare supporting schedules
Monthly bank reconciliations for operating and investment accounts

  • Bachelor's degree in finance/accounting, economics, or business (and additional three years of professional accounting experience may be substituted for the degree requirement)
  • Minimum 5 years work experience in property management field
  • Complete knowledge of:
      Accrual accountingFinancial statements and monthly/quarterly reportsPreparation of annual budgets and quarterly budget reforecastingCost analysis, projections and trackingIncome analysis and projectionsCommercial lease admin, including CAM and R/E tax reconciliations, and Gross-up'sBank reconciliations Debt compliance

Knowledge of Yardi/MRI/Excel a plus

Excellent communication skills required. Ability to deal with difficult situations with courtesy and tact.

Thorough background investigations will be conducted prior to hire.

Polinger Company is an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.

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Reference: 599278423

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