Senior Real Estate Accountant

Roles & Responsibilities:

• Perform daily activities such as receive checks, post receipts and prepare deposits; review and post payable invoices; review and post tenant billing adjustments; review and post prepayment application to open charges, and; update gross sales reports

• Manage billing, tenant collections, payables, general ledger, revenue recognition, expense accruals, and CAM reconciliations through Yardi.

• Handle monthly financial reporting, budgeting, forecasting, P&L analysis, and quarterly consolidated/combined financial statements.

• Monthly accounting close process, including recordation of monthly operational activity

• Monthly preparation of schedules to support the balance sheet and income recordation

• Record monthly rental income, ancillary income, and reconcile cash receipts

• Prepare monthly bank reconciliations

• Record and amortize prepaid items such as insurance, loan fees and deferred income

• Maintain fixed assets, calculate and record monthly depreciation and amortization expense

• Reconcile security deposits to the subsidiary ledger monthly

• Accrue all property taxes, which includes understanding how property taxes are calculated

• Record debt service monthly, including principal amortization, interest expense, escrow accounts

• Understand how to analyze and record bad debt expenses and prepaid rent

• Record payroll biweekly

• Record monthly accrued liabilities, including utility expenses, debt service, etc.

• Record management fee expenses, asset management fees, and other G&A expenses monthly

• Work with Asset Managers for proper capitalization of fixed assets and operational expenses

• Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances

• Complete analysis of financial data and assist with ad hoc projects

• Prepare monthly financial statement reporting for investors and lenders

• Monthly forecasting of income, expenses, and cash flow analysis

• Quarterly consolidation of financial data

• Prepare the annual budget

• CAM reconciliations and billings

• Assist with annual audit with outside auditors

• Performs other related duties as assigned

Qualifications:

• 5 years of experience in real-estate accounting.

• Proficient with Quickbooks, Yardi and all of the suites within Yardi.

• Excellent organizational skills and attention to detail, strong time management skills with a proven ability to meet goals and deadlines

• Ability to function well in a fast-paced, high-volume environment

• Proficient with Microsoft Office Suite or related software

Synectics is a leading staffing and workforce solutions company dedicated to connecting exceptional talent with top organizations. We specialize in IT, engineering, finance, healthcare, and professional services recruitment, offering both contract and permanent staffing solutions. With a people-first approach, we focus on understanding the unique needs of our clients and candidates to create long-term, successful matches. Our mission is to empower businesses with the right talent while helping professionals achieve rewarding career opportunities