Property Accountant - Real Estate - Wayne, PA

The Property Accountant will be responsible for overseeing the financial accounting and reporting for a diverse portfolio of real estate assets.

Client Details

Our client is a top-tier, globally recognized private equity firm with a specialty in real estate investments, based in Wayne, PA. The firm focuses on acquiring, developing, and managing high-quality real estate assets across various property types, including industrial, office, and residential spaces. Known for its commitment to sustainable growth and value creation, this firm offers a dynamic, collaborative environment where employees can make a significant impact on high-profile investments and contribute to an ambitious portfolio.

Description

• Financial Reporting: Prepare monthly, quarterly, and annual financial statements for assigned properties, ensuring alignment with GAAP standards and internal policies.
• Budgeting and Forecasting: Assist in the budgeting and forecasting processes, providing variance analysis and insights on property performance.
• General Ledger Maintenance: Maintain and reconcile property-level general ledgers, including preparing and posting journal entries.
• Accounts Payable and Receivable: Manage AP/AR functions, including approving invoices, processing tenant billings, and ensuring timely collection of receivables.
• Cash Management: Monitor cash flow for each property, manage bank reconciliations, and support capital and tenant improvement budgeting.
• Financial Analysis: Conduct ad-hoc financial analysis to support strategic initiatives, asset performance reviews, and transaction due diligence.
• Audit Support: Prepare workpapers and documentation for external audits, liaising with auditors to ensure a smooth and efficient audit process.

Profile

• Bachelor's degree in Accounting, Finance, or a related field.
• 2+ years of property accounting experience, preferably in real estate or with exposure to private equity real estate investments.
• Strong knowledge of GAAP and financial reporting principles.
• Proficiency in accounting software (e.g., Yardi, MRI) and Microsoft Excel.
• Excellent analytical skills with a detail-oriented approach to financial reporting.
• Ability to communicate effectively and work collaboratively across departments.

Job Offer

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision coverage.
• 401(k) plan with company match.
• Generous paid time off and professional development opportunities.
• A supportive, team-oriented work environment focused on career growth.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.