Commercial Property Accountant

Overview

Our client, a highly reputable real estate owner/operator in New Jersey, is seeking a Commercial Property Accountant. The successful candidate will be responsible for ensuring all client contract activity, receivables, and related financial records are accurate, timely, and prepared in accordance with contract terms and company procedures.

Responsibilities:

• Review client agreements and configure billing terms, schedules, rate adjustments, and fee details in the accounting system.
• Monitor the portfolio contract log for renewals, expirations, and price adjustments, updating financial records as client terms change.
• Process recurring invoices, fee escalations, shared expense billbacks, and monthly client statements.
• Serve as the main point of contact for client billing inquiries and resolve ledger discrepancies.
• Calculate and reconcile annual shared operating costs, insurance, and tax recoveries for portfolio clients, leveraging automated accounting systems.
• Account for client incentives, credits, and deferred revenue schedules in compliance with standard accounting principles (e.g., ASC 842).
• Prepare month-end close schedules, receivable aging analyses, and portfolio-level financial reports.
• Post journal entries, manage expense accruals, and audit the general ledger to research financial variances.
• Provide strategic reporting support to the CFO and executive management team.
• Monitor aging receivables and actively follow up on past-due balances.
• Coordinate with legal counsel and senior leadership to issue formal collection notices and resolve highly delinquent accounts.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2-5+ years of professional accounting experience.
• Proficiency with enterprise-level accounting or portfolio management software (e.g., Yardi, MRI, JD Edwards, or equivalent ERP systems).
• Strong analytical skills, high accuracy, and sharp attention to detail.