Job Description

Property Accountant

Job Overview – Property Accountant:

Atlantic Group is hiring! Advance your career as a Property Accountant with our client in Newton, MA , managing a portfolio of properties and leading financial reporting processes in a dynamic real estate environment. This in-office role involves preparing financial statements, tenant billing, and supervising junior accountants, ensuring accuracy, compliance, and timely execution.

Compensation: $90,000 – $95,000/year + bonus

Location: Newton, MA

Schedule: Monday to Friday (In-Office)

Responsibilities as the Property Accountant:

• Financial Reporting: Prepare monthly financial statements, including balance sheets, income statements, variance analyses, and general ledger reconciliations for assigned properties.
• Complex Property Management: Manage GAAP and tax reporting for complex properties, including REIT testing, cash distribution worksheets, and tenant lease details.
• Tenant Billing: Process tenant billing for Common Area Maintenance, Real Estate Taxes, and Percentage Rent.
• Budgeting & Audits: Develop annual property budgets and address inquiries during year-end audits with external auditors.
• Communication: Serve as the primary contact for tenant and internal client inquiries related to assigned properties.
• Cash Management: Monitor cash flow for complex properties and ensure accurate distribution and reporting.

Qualifications for the Property Accountant:

• Education: Bachelor’s degree in Accounting required.
• Experience: 3-5+ years in General Ledger and Financial Statement preparation required (preferably in real estate).
• Technical Skills: Proficiency in Excel required (familiarity with MRI, AvidXchange, and Anaplan is a strong advantage).
• Attributes: Detail-oriented, organized, and adept at meeting critical deadlines with urgency and precision.
• Software Acumen: Quick learner with the ability to master various financial and accounting software.

Application Notice: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, Atlantic Group will keep your resume on file for future opportunities and may contact you for further discussion.

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