Property Accountant (Real Estate)

Property Accountant – Commercial Properties

Stetz Commercial Properties, LLC

Position Overview

Stetz Commercial Properties (“SCP”) is seeking a seasoned Commercial Property Accountant to support a large and diverse portfolio of commercial assets across Washington State. This role is ideal for a detail-oriented accounting professional with strong GAAP knowledge, real estate accounting experience, and the ability to independently manage complex accounting functions in a fast-paced environment.

The Property Accountant is responsible for providing accurate, timely, and insightful financial reporting; supporting property and asset management teams; preparing budgets and forecasts; administering CAM/NNN reconciliations; and assisting with acquisitions, dispositions, and audits.

Key ResponsibilitiesFinancial Reporting & General Ledger

• Prepare, review, and distribute monthly, quarterly, and annual financial reporting packages ensuring accuracy and timeliness.
• Ensure all transactions (expenses, receipts, distributions, funding requests) are properly recorded within each accounting period.
• Maintain general ledger integrity including journal entries, accruals, adjustments, and account reconciliations.
• Prepare and review bank reconciliations.
• Track expenses and analyze variances against budget.
• Collaborate with property management on monthly variance analyses and executive summaries.
• Complete periodic reforecasts.
• Maintain fixed asset schedules including depreciation and amortization of leasing commissions.
• Prepare balance sheet tie-outs and supporting schedules.
• Research and resolve accounting issues; proactively identify potential risks or discrepancies.

Accounts Payable & Cash Management

• Review and approve coded invoices, ensuring accuracy and compliance with company standards.
• Identify, investigate, and resolve invoice discrepancies.
• Prepare and track capital invoices and assist with lender loan draws.
• Monitor cash balances and recommend capital calls and owner distributions.
• Prepare cash requirement projections and contribution/distribution calculations.
• Process owner distribution payments.
• Track and ensure timely payment of debt service.
• Process and track real estate tax payments.
• Monitor insurance policy renewals and process premium payments.

Accounts Receivable

• Enter and maintain tenant charge schedules in Yardi.
• Ensure accurate and timely monthly tenant billings.
• Post and reconcile cash receipts.
• Reconcile tenant security deposits.
• Support property management in responding to tenant accounting inquiries.

Budgeting & Forecasting

• Prepare annual property budgets including:
• Revenue projections
• Operating expenses
• Owner costs
• Capital and leasing assumptions
• Amortization schedules
• Leakage analysis
• Enter approved budgets into Yardi.

CAM / NNN Reconciliations

• Determine controllable vs. uncontrollable and fixed vs. variable expenses.
• Calculate average occupancy and gross-up of variable expenses.
• Identify tenant participation in expense pools and pro-rata allocations.
• Allocate expenses directly to tenants when applicable and exclude from pools.
• Prepare annual CAM/NNN estimates and reconciliations.
• Perform mid-year reconciliations and recommend billing adjustments.
• Prepare and analyze leakage reports.
• Research and recommend cost-saving strategies to reduce operating expenses.

Other Responsibilities

• Support acquisitions, dispositions, and due diligence, including opening entries and pre- and post-closing prorations.
• Provide financial records and schedules to auditors, appraisers, and tax professionals.
• Maintain and recommend accounting policies, procedures, and internal controls.
• Ensure compliance with GAAP and company accounting procedures.

Education & Experience

• Bachelor’s degree in Accounting, Finance, or a related field required.
• Minimum of 4 years of accounting experience, preferably in commercial real estate or property management.
• Experience with real estate accounting software required (Yardi strongly preferred).

Required Skills & CompetenciesFinancial & Technical Skills

• Intermediate knowledge of GAAP and FASB standards.
• Strong understanding of accrual-based accounting.
• Ability to perform intermediate financial analysis and calculations.
• Proficiency in Microsoft Office (Excel, Word, Outlook).
• Ability to work across multiple accounting systems.

Communication & Reasoning

• Excellent written and verbal communication skills.
• Strong organizational and analytical abilities.
• Ability to analyze complex documents and solve multi-variable problems.
• Ability to manage multiple deadlines independently.

Scope of Responsibility

• Operates with general guidance and established procedures.
• Responsible for managing assigned properties and accounting deliverables.
• Sets and manages individual project deadlines to meet reporting requirements.

Job Type: Full-time

Pay: $70,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• Health insurance
• Paid time off

Work Location: Remote