Property Accountant Commercial Real Estate Embarcadero Capital Partners LLC Redwood City, CA
Posted 2025-05-31Job title: Property Accountant Commercial Real Estate
Company: Embarcadero Capital Partners LLC
Job description: Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco Peninsula. We invest in dynamic, development-constrained U.S. markets that are known for intellectual capital and creative business culture.
Join a Diverse and Talented Team:
Embarcadero Capital Partners consists of a diverse team of seasoned industry professionals. We have the experience and expertise to identify and capitalize on opportunities in every major U.S. market. Our group's capabilities encompass all aspects of commercial real estate including acquisition, finance, development, leasing, management, and disposition. ECP's in-house management and leasing staff work with a variety of third-party brokers and property management groups to execute defined operating and investment objectives.
COMPENSATION
Base Salary + Bonus DOE. We offer a comprehensive benefits package including medical, dental, vision and a retirement plan.
PRIMARY RESPONSIBILITIES:
Job Description:
Manage and maintain the books for multiple commercial properties for a growing real estate investment
Reconcile intercompany accounts with Corporate for payables and equity accounts with ownership.
Ensure the sub-ledgers reconcile to the general ledger monthly
Manage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliations
Produce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysis
Prepare quarterly, or as needed cashflow reports for property
Work with Chief Financial Officer on issues related to Tax & Insurance, Loan Administration, and Construction Draws
Acquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assets
Work closely with property managers to prepare property budgets and quarterly reforecasts
Work with property managers to prepare CAM reconciliations and estimates.
Review and input lease abstracts prepared by property managers
Perform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely manner
Monitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.
Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.
Work with Corporate Controller on audits & tax requests
Assists in ensuring compliance with municipal, state, and federal regulations, including tax compliance. This includes but is not limited to preparing business property tax returns (571-L) business license applications, and year-end forms
Provide ad hoc analysis and reports as needed
Qualifications: Bachelors degree in accounting preferred 3+ years of general ledger accounting, real estate property management accounting preferred Understanding of real estate tax issues, a plus. Experience with preparation of CAM reconciliations for commercial real estate projects. Experience with financial statement variance analysis with narratives CPA preferred, not required
The following skills are required:
Excellent analytical, organizational and people skills
Excellent verbal and written communication skills
Experience with MRI accounting software preferred
Proficiency with Excel and MS Word
Must be hands-on, detail oriented and possess the ability to look beyond the box
Ability to work independently and proactive planning are needed to succeed in this position.
Expected salary:
Location: Redwood City, CA
Job date: Sat, 27 Aug 2022 22:46:29 GMT
Apply for the job now!
Apply Job!