Senior Commercial Property Accountant I

Woodmont Real Estate Services is a premier asset and property management company, we're proud to offer Northern California over 50 years' experience managing a diverse portfolio of commercial and multifamily properties. We're renowned for our hands-on management approach, marketing know-how and in-depth knowledge of submarkets throughout the region. It's what's allowed us to create unique strategies that are truly custom to each property.

Our mission: To add value to our clients by providing superior service to all who live and work at the properties we manage. To achieve this goal, we create an exceptional professional environment for all associated with our organization.

All are welcome here.  We respect and honor differences in gender, race, age, faith, ethnicity, sexual orientation, and gender identity. Because we all thrive when our differences are valued.

Values: Integrity, Excellence, Respect, Loyalty, Diligence, Teamwork

The Senior Commercial Property Accountant is primarily responsible for ensuring the integrity of accounting information by recording, verifying, consolidating, analyzing, and entering transactions during the preparation of financial statements for multiple commercial accounting entities. Establishing and enforcing property accounting methods, policies, and principles. Manage relationship with specific Commercial accounting vendors.

Essential Job Functions:

• Responsible for managing the preparation of monthly financial statement packages for multiple commercial entities.
• Specific responsibilities for processing entities include:
• Posting of cash receipts
• Input lease abstracts
• Process move-outs and security deposit refunds.
• Process rent rolls and delinquency reports.
• Review A/P coding and descriptions
• Bank reconciliations
• Monthly Property Management Fee calculations
• CAM set up, calculate CAM estimates, reforecasts, and annual CAM reconciliations.
• Manage the monthly review of multiple commercial financial statements. Due dates range from the 4th business day through the 25th of each month; 25% of F/S reviewed every month shared with CFO.
• Manage the calculation and processing of Client distributions and/or capital contributions on a monthly, quarterly and/or annual basis.
• Manage or oversee general accounting: review A/P Prelim report for coding and description accuracy, G/L account analysis, journal entries, bank recs, management fee calculations, reconciliation of scheduled rent to actual rent billed, amortization and depreciation schedules if required.
• Manage cash records for each property and perform cash management functions, such as setting up ACH and wire transfer for secondary approval.
• Daily interface with property and regional managers. Work closely with other Commercial Property accounting team members and A/P specialists.
• CAM reconciliations are done using a variety of methods: primarily in MRI, Kardin and in Excel.
• Manage and complete Client’s external annual audits.
• Maintain property files including insurance, property tax and mortgage documentation on Excel for prepaid, accrued and amortization.
• Manage/oversee relationship with specific Commercial accounting vendors such as MRI and Rentpayment.com
• Interface with Clients and other external
• Train and mentor junior staff.
• Other duties as assigned.

This position works closely with on-site Property Managers, Commercial Regional Managers, President-Commercial and A/P Specialists.

Minimum Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability generally required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience: Four-year Accounting degree required. A minimum of five years of on-the-job accounting experience in commercial. Knowledge of property accounting and lease analysis. Solid understanding of CAM (recoveries/billbacks) calculations.

Language Ability: Strong oral and written communication skills.

Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Computer Skills: Must have excellent computer skills including advanced knowledge of Excel (Vlookups, pivot tables, IF Formulas, Sumifs) and Microsoft Office. Yardi and MRI experience preferred, other property management software packages helpful.

Mathematical Skills: Strong mathematical skills required. Ability to calculate figures and amounts such as discounts, interest, bonuses, proportions, percentages. Ability to apply concepts such as fractions, percentages, and proportions to practical situations.

Certificates, Licenses, Registrations: none required.

Subordinate Jobs reporting to this position, if any:

Property Accountant

We Offer:
Full Time benefits include paid vacation and sick time, Medical, Dental, Vision, Life insurance and 401(k) Plan
Commuter Benefit
Employee Assistance Program
Excellent work environment with a committed team 
Drug Free Workplace
Competitive Salary

Salary: $90,000 - $105,000 Annual – This is an Exempt position.

Woodmont is an E-Verify employer and will provide your Form I-9 information to the authorized government agency to confirm that you are authorized to work in the U.S. For more information, please visit E-Verify.

Equal Opportunity Employer

Job Type: Full-time

Pay: $90,000.00 - $105,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Education:

• Bachelor's (Required)

Experience:

• commercial accounting: 5 years (Required)
• CAM calculations: 1 year (Required)

Work Location: In person