- Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments and bank reconciliations.
- Understanding of accounts payable (AP), accounts receivable (AR), cash receipts and lease administration functions of commercial real estate and how they drive the financial results of assigned project.
- Prepare monthly and quarterly reporting packages on the assigned portfolio of properties. The packages include analyses and support schedules of all balance sheet account and explanations of significant variances in income statement accounts.
- Review annual expense reconciliation schedules and billings to tenants.
- Prepare detailed interim and year-end working papers and support schedules requested by internal and external auditors.
- Work with the external auditors and prepare the draft annual financial statements and notes.
- Assist with audits in terms of research, analysis, documentation and response.
- Responsible for the annual property budget and quarterly forecast review. This includes review of of the lease and expense data in the prescribed software to generate revenue, expense and capital budget/forecasts, and preparation of property GAAP adjustments.
- Assist in preparation of the budget/forecast packages including detailed analysis of the revenue, expense and capital components.
- Prepare monthly cash forecast
- Assist Managers and Controllers with ad hoc requests.
- Handle special projects, as assigned.
- Communication, presentation and interpersonal skills
- Strong analytical ability
- Well-organized; self-starter, able to handle multiple priorities
- 2+ years of public accounting and/or commercial real estate accounting experience preferred
- Knowledge of GAAP (specifically, real estate)
- Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
- Bachelor`s degree in Accounting preferred; CPA a plus, but not required
- Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
- Proficiency in PC-based software such as Microsoft Excel
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Project Accountant - Arlington, United States - Lincoln Property Company
Description
Job Description
Job DescriptionLincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.
Responsible for providing timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting, forecasting and cash management
Responsibilities:
Desired Competency, Experience and Skills:
About Lincoln Property Company
Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 510 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit:
All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with LPC's privacy policy.
