Property Accountant
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Job Location:
Cincinnati, OH - USA
Yearly Salary:
USD 1 - 2
Posted on:
17 days ago
Vacancies:
1 Vacancy
Job Summary
PROPERTY ACCOUNTANT
Why Merus
Formerly known as Al. Neyer Merus combines more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction development ownership and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.
Were all owners here. This not only sets us apart but deeply influences our culture and operations. Every team member demonstrates adeeper sense of ownership and accountabilityin both their daily tasks and the collective success of the organization. Learn more about our culture at .
Summary of Responsibilities
Merus is expanding its finance and accounting team with a new Property Accountant this position you will support the accounting and asset management teams by ensuring accurate and timely financial reporting for a large portfolio of assets managed by the company.
This role is ideal for a detail-oriented motivated professional looking to grow their accounting career within a dynamic and collaborative environment. You are organized analytical and thrive on accuracy and efficiency. Youll assist with full-cycle accounting processes financial reporting and variance analysis while gaining exposure to real estate operations and asset management.
At Merus youll be part of a high-performing employee-owned team where your contributions are valued your growth is supported and your work directly impacts the success of the business.
Essential Job Functions
- Prepare monthly quarterly and annual financial statements for multiple properties in accordance with accounting basis (GAAP Tax) and company policies.
- Demonstrate ultimate ownership for all financial aspects of assets assigned.
- Maintain property-level general ledgers including recording journal entries accruals and adjustments as necessary.
- Prepare & review balance sheets income statements & cash flows to ensure accuracy and provide variance analysis for multiple assets.
- Prepare annual operating budgets and forecasts for assigned properties via close collaboration with the asset management team.
- Review monthly financial reporting and cash flow forecasts against the annual budget and present financial highlights and variance analysis to leadership team.
- Monitor tenant accounts receivable and accounts payable for accuracy and timeliness. Ensure all transactions are recorded correctly.
- Analyze property financial performance variance analysis against budget/forecast and provide explanations for variances.
- Support year end GAAP audits for select legal entities.
- Perform CAM (Common Area Maintenance) reconciliations ensuring that expenses are accurately allocated to tenants and reconciled against lease agreements.
- Maintain timely & accurate reconciliations (bank and balance sheet reconciliations).
- Assist in preparing documentation and analysis for property tax appeals ensuring compliance with local tax regulations and optimizing property tax expenses.
- Calculate and process fee expenses (development fees asset management fees management fees etc.) to respective recipient(s).
- Perform accounting and respective reporting for industrial equity fund(s) on a quarterly basis.
- Meet Accounting Department calendar deadlines.
Essential Competencies
- Nimble Learning - Actively learning through experimentation when tackling new problems using both successes and failures as learning fodder.
- Action Oriented - Taking on new opportunities and tough challenges with a sense of urgency high energy and enthusiasm.
- Demonstrates Self-Awareness - Using a combination of feedback and reflection to gain productive insight into personal strengths and weaknesses.
- Self-Development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.
- Instills Trust - Gaining the confidence and trust of others through honesty integrity and authenticity.
- Customer Focus - Building strong customer relationships and delivering customer-centric solutions.
Position Requirements
- Highly organized and detail-oriented with the ability to manage multiple priorities effectively.
- Strong written and verbal communication skills with the ability to work collaboratively across departments.
- Analytical mindset with the ability to interpret financial data and identify variances or issues.
- Adaptable to changing processes systems and business needs.
- Demonstrated accountability ownership and a proactive approach to problem-solving.
- Commitment to continuous learning and contributing to a positive team-oriented culture.
Qualifications and Experience
- Bachelors degree required in Accounting Finance or related field.
- 12 years of accounting experience preferred; property or real estate experience a plus.
- Proficient in Microsoft Office Suite with strong Excel skills required.
- Experience with Yardi or similar accounting software valued.
- Foundational understanding of U.S. Generally Accepted Accounting Principles (US GAAP).
- Proven ability to use technology to improve process and task efficiency.
- Demonstrated initiative to learn grow and broaden accounting and industry knowledge.
Safety Hazard of the Job
Normal safety hazards associated with office work and with occasional observational visits to construction sites.
Physical Demands
Low physical effort required to sit stand at files bend stoop lift and walk. Maximum unassisted lift is 35 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally both in person and on the telephone. May require some travel by car.
Environmental Requirements
Average inside office environment. Average office noise levels. No personal protective equipment is required. Ambient temperature is between 68F and 76F.
This job description is not intended to be all-inclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment and either you or Merus may terminate employment at any time for any reason.
Key Skills
- Invasive Cardiology
- ABAP
- Human Resources Administration
- Inspection
- Document Management
- Manufacturing
About Company
At Merus, we know that time is of the essence. Every day, we bring a sense of urgency and a passion to help patients, by working towards discovering and…
