Property Accountant

About Bedrock

Bedrock is a full-service real estate firm specializing in innovative city-building strategies, reaching far beyond the boundaries of bricks and mortar. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $6 billion to acquiring and developing more than 100 properties in Detroit and Cleveland, including landmark developments at the Hudson’s Site, Book Tower, City Modern and the May Company Building.

Bedrock’s portfolio totals more than 19 million square feet of office, retail, residential, industrial and hospitality space within new construction and adaptive reuse projects.

For more information on Bedrock’s projects, visit bedrockdetroit.com or engage with us on Facebook, Instagram, Twitter and LinkedIn.

Job Summary
As a Bedrock Property Accountant, you will be responsible for the day-to-day accrual based accounting for all assigned commercial and residential properties and related entities. This position is required to interact daily with the VP of Accounting, Controller, Accounting Manager, other members of the accounting department, with members of the asset and property management teams, and with members from the various departments of the Bedrock team as required.
 

Responsibilities

• Complete the monthly financial reporting packages, including the preparation and analysis of the balance sheet and income statement with budget variance narratives
• Responsible for the accuracy of the General Ledger and entity records
• Review and create all journal entries and prepare/post complex adjusting and closing journal entries as necessary to be in compliance with GAAP
• Prepare and update fixed asset amortization and depreciation schedules
• Keep and update work papers that substantiate monthly reporting and for the annual financial audit and tax returns
• Review and post tenant work orders and utility billings
• Review and code all invoices in paperless accounting system
• Verify and process monthly mortgage and interest payments to lenders
• Calculate and process management fees
• Monitor cash balances to determine the disbursement of funds and necessity for cash funding
• Prepare bank and account reconciliations
• Prepare schedules as necessary for cash flow projections and financial analyses
• Prepare the annual budget for all entities related to your portfolio
• Review lease documentation and ensure that all charges are billed pursuant to the terms
• Calculate CAM estimates and complete the CAM Reconciliation process for properties
• Monitor and supervise third party financial reporting on parking garages
• Create miscellaneous reports as needed by team leaders, property managers, lenders, accountants/auditors, tenants and vendors

Qualifications

• 2 year of experience in accounting, real estate accounting preferred
• Bachelor's degree in Business or related preferred
• Strong analytical skills
• Strong computer skills in Excel    
• Effectively communicate, both verbally and in written correspondence
• Organize and complete multiple tasks

Cultural Competencies

• Modest and Secure
• Independently Driven
• Intelligently Collaborative
• Never Satisfied
• Relentless Commitment to Service

Salary and Benefits

• Compensation to commensurate with experience and industry standards
• Excellent benefits package that includes a 401(k) match, medical/dental/vision, and much more
• Opportunities to participate in professional and personal development programs

Disclaimer

This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.

We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.