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    property accountant - Austin, United States - B3 Commercial Management Llc

    B3 Commercial Management Llc
    B3 Commercial Management Llc Austin, United States

    2 weeks ago

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    Description

    Job Description

    Job Description

    B3 Commercial Management is seeking a Property Accountant to provide full scale accounting support for the property management team, and function as a key member of the team. We focus on office condominium associations and commercial medical office owned by the firm, partners of the firm, or groups with whom the firm has a long-term relationship.

    Responsibilities

    1. Prepare monthly financial reports – prepare monthly journal entries, financial statement preparation, and bank reconciliations. Support property management team with monthly owner reports.

    2. Oversee Accounts Receivable - review all cash receipts, review and bill tenant recurring charges and billing adjustments. Understand commercial leases to ensure accurate billing rent and other sums.

    3. Coordinate Accounts Payable - process all invoices timely, review coding and approvals and ensure proper audit trail is in place. May require communication with vendors. Collect vendor W-9 forms. Prepare 1099s.

    4. Process monthly management fees for all properties.

    5. Track all insurance policies and process payments timely for each entity.

    6. Interact with banks as necessary – create and monitor accounts, ensure all loan payments are processed timely, reconcile any disputed transactions, confirm all ACH transactions.

    7. Ensure property taxes are paid on time and entries recorded in general ledger, work with owner, tax consultants, and CPAs. Process owner franchise tax payments.

    8. Annual year-end reconciliation process – prepare tenant reconciliations and send to each tenant based on the final, actual annual operating expenses in relation to tenant escrow payments each year.

    9. Other projects requested by management, owner and tenant.

    Qualifications & Education

    ꞏ Adaptability – maintains effectiveness in varying environments, tasks and responsibilities, or with various types of people. Can effectively cope with change, can shift gears comfortably.

    ꞏ Planning and Organizing – ability to establish a course of action to accomplish goals and evaluate results. Develop schedules and task/people assignments, use resources effectively and efficiently to accomplish goals. Must be able to multi-task.

    ꞏ Customer Focus – dedicated to meeting the expectations and requirements of the external and internal customer, acts with customer in mind, establishes and maintains effective relationships with customers, and gains their trust and respect.

    ꞏ Excellent Customer Service Internally and Externally.

    ꞏ Accuracy and Ability to meet deadlines are critical.

    ꞏ Accounting/Property Management Software – YARDI (property mgt software) Quickbooks, Square, Excel, Word, Outlook,

    ꞏ Ability to work as a team member.

    ꞏ Familiarity with commercial lease and condominium agreements.

    ꞏ Working knowledge of the reporting and budgeting requirements for each property.

    ꞏ Experience with rent escalations, proration of tenant allocated charges, workout agreements, and default process.

    ꞏ Previous experience in commercial property management accounting or bookkeeping.

    ꞏ Thorough understanding of GAAP and financial accounting principles.

    ꞏ Experience with cash and accrual accounting methods.

    ꞏ Ability to function in a leadership role on projects to meet portfolio requirements.

    ꞏ 3-5 years real estate accounting experience highly preferred.

    ꞏ Bachelor degree preferred with an emphasis in accounting, finance or related field.

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