What are the responsibilities and job description for the Property Accountant position at CHASE PROPERTIES?
Company Description
Chase Properties: (www.chaseprop.com) Was founded in 1973 and maintains a focus on acquiring and managing community shopping centers along with properties in other asset classes.
Chase Properties has 50 years of exceptional market knowledge and experience. We secure the best available high-quality tenants in smaller markets, so that our investors and tenants can flourish. We’re conservative yet innovative, while making sure that our investment is financially sound and positioned for long-term prosperity.
Job Description
SUMMARY: The Property Accountant is required to support the Controller and Senior Management with ad hoc projects and assist in some departmental processes such as the budget, audit/tax work paper preparation processes, and tenant communication. They will also be responsible for the day-to-day accounting for a portfolio of the company’s retail assets. They will assist in all accounting initiatives including, but not limited to; general ledger review, budgeting, tenant billings/collections and year-end financial statements for new and existing shopping centers in the Chase Properties portfolio. They will also support the CFO and Senior Fund Accountant in certain Fund Administration responsibilities.
DUTIES AND RESPONSIBILITIES:
- General ledger responsibilities for assigned portfolio of properties including but not limited to: Annual budgets, monthly variance reporting, work paper preparation/year-end close work, monthly journal entries
- Facilitate and preparation of all property-level invoices, account analysis, bank statements, tenant chargebacks and billings
- Fixed Assets – Assist supervisor in recording of depreciation along with prepared reports for a portfolio of the company’s assets.
- Recovery billing responsibilities for assigned portfolio of properties including but not limited to: Year-end reconciliations, escrow adjustments, year-end accruals, tenant disputes, non-escrowing tenant tax billings, utility billings
- Monthly tenant cash application balancing and bank reconciliations for assigned portfolio of properties
- Invoice review and payment for major expenses (taxes, mortgages, construction payments, legal reimbursements, etc.) for assigned portfolio of properties
- Coordinate/Facilitate the collection of outstanding A/R amounts from tenants for assigned portfolio of properties
- Take on additional ad hoc projects as directed by Controller and Senior Management
- Conduct variance analysis between investment/fund actual performance and budgeted performance
- Support CFO and Senior Fund Accountant in booking journal entries for quarterly investment fund distributions and ad hoc capital calls
Qualifications
- Bachelor's Degree (BA) from four-year college or university with a preferred concentration in Accounting, Finance, Construction or Real Estate
- Master's Degree (MBA) or equivalent a plus
- 3 years of work experience, preferably in a commercial real estate or public accounting, construction, venture capital with a focus in accounting or finance
- Certificates, licenses and registrations preferred, but not required: CPA
- Computer skills required: Strong computer skills with a proficiency in Microsoft Word and Excel
- Other skills desired: Previous budget/accounting software (MRI) experience
Additional Information
All your information will be kept confidential according to EEO guidelines.