Property Accounting Associate
Property Accounting Associate
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Salary Not Disclosed
1 Vacancy
Job Description
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated customized approach that begins with good ideas the firm drives value for clientsinvestors and partnersacross commercial real estate services development investment management and opportunistic endeavors for highnet worth investors. Operating from 33 U.S. offices Transwestern extends its platform capabilities globally in an additional 31 countries through strategic alliance partners whose unique geographic cultural and business expertise fuels creative solutions.
Part of the Transwestern companies Transwestern Real Estate Services (TRS) strives to add value for investors owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle agility and creativity are hallmarks of our approach while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Our firms awardwinning culture and reputation for exceptional service are built on a common purpose Empowering Good People to do Extraordinary Things Together. This unique approach reinforced by the hiring of smart passionate hardworking people who understand the benefits of both collaboration and independence create value for our team members and clients every day.
POSITION SUMMARY:
The Property Accountant will perform routine duties primarily dealing with Accounts Payable and Accounts Receivable. It is necessary to maintain a good working relationship with Tenants vendors and operational team members to secure relevant information to be used for financial reporting purposes and information required by national state and local laws.
It is also the responsibility of the Property Accountant not only to exhibit legendary customer service when communicating with team members and suppliers but also to focus on productivity and results.
ESSENTIAL JOB FUNCTIONS:
Scan deposits daily with reconciling prior day scans to the report from the deposit scanner.
Identify and record miscellaneous deposits.
Record daily ACH & wires.
Abstract Tenant Leases and Amendments; update logs encumbrance schedules.
Prepare monthly Tenant rent invoices.
Enter Tenant adjustments work order and utility billings.
Manage Tenant collections to ensure rent payments are made timely.
Calculate Tenant operating expense estimates for monthly billings as well as annual reconciliations to conform with the leases.
Provide utility information which includes calculating prorata share by Tenant upon request.
Prepare Tenant lease notices (i.e.. Notice of Commencement ROFO etc.
Enter miscellaneous AR & AP invoices.
Onboard new vendor and vendor changes reviewing W9s for accurate information.
Track Vendor and utility invoices to ensure timely processing.
Enter utility information into Energy Star timely.
Special projects as needed including but not limited to
Create Excel based spreadsheets for uploading into MRI.
Ability to manipulate data in Excel for research and decision making (Pivot Tables).
Independently makes decisions/research system issues and appropriately elevating the issue when necessary.
The ability to communicate with Tenants vendors and other TW Team members daily by phone and by email.
Pull documents for audits.
Prepare/review certain general ledger account reconciliations.
Prepare property tax return statements for the TW office space.
Perform and/or assume additional duties as assigned.
POSITION REQUIREMENTS:
Preferably an Associates degree or some college courses.
A minimum of 5 years of AR/AP experience.
Applicable experience in real estate accounting software preferably with MRI and/or Yardi.
Must have experience with calculating and reconciling tax and operating expenses.
Advanced proficiency with Microsoft Word Excel and Adobe.
Must be able to handle multiple projects changing priorities and a demanding timesensitive workload with attention to detail.
Strong customer service orientation.
Exceptional oral and written communication skills.
Strong desire to succeed in an entrepreneurial environment.
Ability to work independently as well as in a team environment.
Ability to keep information strictly confidential.
WORK SHIFT:
LOCATION:
Southfield MITranswesterns Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace diversity equity and inclusion not only as the right thing to do but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone. Transwestern offers an exciting work environment competitive salary and excellent benefits which include medical dental and vision coverage as well as a 401(K) plan. Transwestern is an Equal Opportunity Employer.
Please note that all candidates selected for an offer of employment are subject to preemployment background checks which may include but are not limited to based on the role for which they have been selected: criminal history education verification social media review motor vehicle records credit history and professional license verification. In addition your employment with Transwestern is subject to successfully passing a drug screen check priorto your starting with the Company along with satisfactory references.
We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have your story. We want to hear it. We encourage you to apply today so that you may become a part of the Transwestern story.
Required Experience:
IC
Employment Type
Full-Time
