Staff Property Accountant

Overview

Perform accounting support functions for commercial real estate properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration and the Systems Manager. The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant.

Responsibilities

• • Maintain GAAP accrual general ledgers.
  • Prepare and process monthly journal entries. Produce monthly financials according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
  • Review income, expense, and in progress capital jobs for accurate coding, payment and necessary accruals. Resolve issues with the Property Manager or other departments as necessary.
  • Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition.
  • Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
  • Prepare monthly bank reconciliations.
  • Prepare and maintain quarterly workpapers as described in the standardized workpaper model.
  • Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized.  Review tenant leases to ensure accurate CAM billings.
  • Perform special projects as needed and provide support to the accounting and property management teams.
  • Attend weekly staff meetings and participate in reporting and other meetings as required by property management and or accounting.

Qualifications

• • Bachelor’s degree in Accounting with 3.0 minimum GPA.
  • Basic understanding of general ledger activity, preference with Yardi application.
  • Proficiency with Excel and other MS applications.
  • 2-4 years of accounting experience, two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
  • CPA a plus.
  • Ability to work in a fast-paced environment, with the ability to multitask and meet deadlines.
  • Must be a team oriented, problem solver.
  • Strong communication skills, both verbal and written, are essential.
  • Ability to collaborate with internal and external teams.

Total Rewards

The RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 20 hours per week are eligible to participate in The RMR Group’s benefits plans, including:

• Health Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurance
• Health Savings Account (HSA) & Flexible Spending Plans (FSA)
• 401(k) Plan with Employer Match
• Holidays, Vacation & Sick Time
• Parental Leave
• Tuition Assistance
• Matching Gift Program
• Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance

The estimated base compensation range for this position is $70,000 to $90,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data. 

Company Overview

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is strengthened by over 800 real estate professionals in more than 30 offices nationwide who manage over $37 billion in assets under management and leverage 40 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team, and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a “Top Place to Work”, by the Environmental Protection Agency (EPA) as an “ENERGY STAR Partner of the Year” and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.

RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:

• Integrity at Our Core.
• Perform Passionately and Effectively.
• Inspired Thinking.
• Like We Own It.
• Power of We.
• Mutual Respect.

Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.

Follow RMR on LinkedIn and Instagram @thermrgroup. 

The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.