Property Accountant

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.

Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.

Transwestern is built on a common purpose - Empowering Good People to do Extraordinary Things Together.  We are committed to the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence.

POSITION SUMMARY:

The Property Accountant will prepare monthly financial and capital investment reports. The Property Accountant will be expected to use the assigned real estate accounting software(s) to perform tasks and analysis. The position will act as liaison with TW, Owner accounting teams, and Property Management, to keep a strong relationship, foster communication, and ensure deadlines are met.

It is also the responsibility of the Property Accountant not only to exhibit legendary customer service when communicating with tenants, owner’s, and vendors but also to focus on productivity and results.

ESSENTIAL JOB FUNCTIONS

• Act as a liaison between Property Management, the accounting department, and the owners.

• Prepare monthly capital investment worksheets and provide oversight of the capital investment analysis, as needed. Obtain approvals, preparation of progress billings, and backup materials. Complete process until all invoices are entered in PAY.

• Work closely with TW and Client Accounting teams to maintain strong relationships and ensure that deadlines are met.

• When necessary, provide appropriate information to Property Management and assist in completing budget reforecasts.

• Review and evaluate current and future cash requirements, as needed.

• Monthly review of tenant accounts and pursue AR.

• Work with Property Management in the preparation of the annual budget.

• Produce ad hoc reports and financial analysis as required by the owners and Management team.

• Review financial statements and all monthly reports, explain variances to budget and work with TW Accounting as needed.

• Manage and coordinate day-to-day financial transactions including accounts receivable, accounts payable (taking advantage of all available discounts) collection of all rents, miscellaneous income, and charges, accurate and up-to-date maintenance of required financial records and files.

• Assist the Property Manager in the development of property business plan with capital and operating budgets.

• Demonstrate a working knowledge of budget preparation, financial and variance reporting, and the understanding of the calculations for escalations and reconciliations.

• Communicate clearly and on a timely basis with project accounting personnel using and/or providing the appropriate documentation.

• Review and finalize annual tenant estimates and escalations; create and enter retroactive charges/credits, as required.

• Engage in further development of budget preparation, operating expense reconciliation, and monthly ownership reporting (including variance reports, executive summaries, aging reports, etc.) as needed.

• Manage and coordinate day-to-day financial transactions including, accounts receivable which includes posting cash receipts, tenant bill backs, AR status reports, etc.; Accounts payable (taking advantage of all available discounts) which includes coding invoices, posting AP reports, vendor on-boarding, etc.; Collection of all rents, miscellaneous income, and charges.; Accurate and upto-date maintenance of required financial records and files.

• Additional duties as requested by Property Manager or Controller.

• Review Corporate AR of properties assigned, for outstanding management fees, salaries, etc.

POSITION REQUIREMENTS

• Associates degree in Accounting or Finance, bachelor’s degree preferred.

• At least two (2) years of Commercial Real Estate or Third-Party accounting experience.

• Intermediate Microsoft Word, Excel and Adobe Acrobat skills are required.

• Should have recent real estate accounting software package experience, Preferably MRI and Yardi.

• Other software such as Kardin, Payplus, Collect and AvidXchang will also be helpful.

• Professional verbal and written communication skills.

• Ability to keep information strictly confidential.

• Strong desire to succeed in an entrepreneurial environment.

• Must be able to handle multiple projects and changing priorities.

• Strong customer service orientation.

• Very organized, detail orientated and able to prioritize many tasks.

WORK SHIFT:

LOCATION:

ABOUT US

Transwestern’s Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace inclusion – not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone.

Different backgrounds, life experiences and cultures shape our individual perspectives and ultimately generate the best results for our clients. Strategic human capital planning combined with development initiatives foster a work environment that celebrates uniqueness and champions the achievements attained through collaboration.

Please note that all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification. In addition, your employment with Transwestern is subject to successfully passing a drug screen check prior to your starting with the Company along with satisfactory references.

We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have your story. We want to hear it. We encourage you to apply today so that you may become a part of the Transwestern story.