Property Accountant

Lincoln 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.

At Lincoln Property Company, the Property Accountant holds a significant position within the accounting team. Their duties encompass the prompt and precise delivery of financial reports related to the properties they oversee. Their responsibilities extend to financial reporting, budget formulation, financial forecasting, and managing cash flow.

Responsibilities:

• 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 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.

Experience:

• 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

Education:

• Bachelor`s degree in Accounting preferred; CPA a plus, but not required

Technical Skills:

• Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
• Proficiency in PC-based software such as Microsoft Excel