Our client is a real estate investment firm focusing on prime commercial properties throughout the Greater LA area.

The Senior Property Accountant is responsible for the daily accounting operations of our commercial portfolio including hotel, apartment and retail properties.

Responsibilities:

• Prepare and analyze monthly, quarterly, and annual financial reports for multiple properties, ensuring accuracy and compliance with accounting standards.
• Conduct in-depth variance analysis to identify discrepancies and provide recommendations for improvements in property performance.
• Collaborate with asset management team to develop property budgets and forecasts, providing insights and recommendations for financial improvements.
• Maintain property-specific general ledgers, ensuring all transactions are accurately recorded and reconciled.
• Conduct cost-benefit analysis for capital expenditures and investment decisions and provide input to Project Business Analyst.
• Track and analyze project costs, including exploration, development, and operational expenses.
• Implement cost control measures to optimize spending and maximize project profitability.
• Review and analyze the general ledger, financial statements and prepare appropriate accrual and adjusting journal entries in accordance with GAAP.
• Prepare monthly bank reconciliations.
• Prepare financial statement analysis for management and partners.
• Collaborate with controller and business executives on monthly cash flow forecasting.

Requirements:

• Proven experience in commercial real estate accounting and financial management
• Strong knowledge of project accounting concepts.
• An ability and drive to go the extra mile and persistence to be able to present recommendations.
• Must have a demonstrated hands-on approach and success in working in a team-based environment.
• Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow. i.e. demonstrated ability to plan and organize projects.
• Excellent oral and written communication skills with the ability to effectively interact with all levels within the organization.