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Senior Property Accountant

Company: Embarcadero Capital Partners LLC
Location: Redwood City
Posted on: May 22, 2023

Job Description:

Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco Peninsula. We invest in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture.Join a Diverse and Talented Team:Embarcadero Capital Partners consists of a diverse team of seasoned industry professionals. We have the experience and expertise to identify and capitalize on opportunities in every major U.S. market. Our group's capabilities encompass all aspects of commercial real estate including acquisition, finance, development, leasing, management, and disposition. ECP's in-house management and leasing staff work with a variety of third-party brokers and property management groups to execute defined operating and investment objectives.Job Title: Senior Property AccountantManage and maintain the books for multiple commercial properties for a real estate investment companyManage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliationsProduce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysisReconcile intercompany accounts with Corporate for payables and equity accounts with ownership.Ensure the sub-ledgers reconcile to the general ledger monthlyPrepare quarterly, or as needed cashflow reports for propertyWork with Property Controller on issues related to Tax & Insurance, Loan Administration, and Construction DrawsAcquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assetsWork closely with property managers to prepare property budgets and quarterly reforecastsWork with property managers to prepare CAM reconciliations and estimates.Review and input lease abstracts prepared by property managersPerform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely mannerMonitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.Work with Corporate controller on audits & tax requestsAssists in ensuring compliance with municipal, state and federal regulations, including tax compliance. This includes but is not limited to preparing business property tax returns (571-L) business license applications, and year-end formsProvide ad hoc analysis and reports as neededQualifications:Bachelor's degree in accounting preferred5+ years of general ledger accounting, real estate property management accounting preferredUnderstanding of real estate tax issues, a plus.Experience with preparation of CAM reconciliations for commercial real estate projects.Experience with financial statement variance analysis with narrativesCPA preferred, not required.The following skills are required:Excellent analytical, organizational and people skillsExcellent verbal and written communication skillsExperience with MRI accounting software preferredProficiency with Excel and MS WordMust be hands-on, detail oriented and possess the ability to look beyond the boxAbility to work independently and proactive planning are needed to succeed in this position.

Keywords: Embarcadero Capital Partners LLC, Redwood City , Senior Property Accountant, Accounting, Auditing , Redwood City, California

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