Senior Property Accountant

Full job description
Company Description

ABOUT STREAM REALTY PARTNERS

Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm’s core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.

IMMEDIATE IMPACT. MEANINGFUL CAREER.

At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client’s needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won’t simply start a new job—you will build a meaningful and impactful career.


Job Description

POSITION OVERVIEW:

The Senior Property Accountant ensures that the financial statements for their assigned portfolio are completed timely and accurately. This includes a detailed review of monthly financial statements and the general ledger, along with reviewing daily transactions to ensure accuracy and compliance with internal and external policies. Additionally, Senior Accountants assist the Property Management teams with the completion of Annual Budgets and Operating Expense (CAM) Reconciliations.

Stream's Property Accountants enjoy a defined career path, mentoring, and access to established training resources, all within a company that recognizes Property Accounting's contribution to its ongoing success.

Perform the full accounting cycle.
Provide internal and external reporting of a portfolio/property’s financial results.
Work with Property Management personnel to provide an in-depth analysis of the project’s financial performance.
Support the budgeting process and expense reconciliation preparation review of data at a basic/intermediate level with limited direction from the manager.
Prepare recurring and ad hoc reports and analyses with limited direction from the manager.
Act as an internal and external customer service leader and assist the supervisor/manager with more complex issues.
Mentor and share knowledge with team members.
Prepare the monthly financial statement packages for clients. This work includes creating and posting journal entries recorded to the general ledger, fixed asset depreciation, and amortization schedules, in-depth review of the general ledger and income statement, bank statement reconciliations, in-depth property manager variance comment review, and balance sheet reconciliations.
Ensure internal and external reporting deadlines are met.
Interact frequently via verbal and written communication with the property management team and the Property Manager(s).
Interact with Clients as needed on basic/complex issues. Include supervisor or manager on advanced issues.
Prepare and submit Sales Use Tax returns, as applicable.
Manage and review the cash accounts of each project/property; Ensure critical timely payment of utilities, taxes, mortgages, and owner distributions.
Review and post cash receipts, as needed.
Review payables. Process vendor invoices for payment as needed.
Assist the Manager with the transition of project assignments.
Ensure compliance with SOC I requirements.
Other projects and duties as assigned.

Qualifications
BS Degree in Accounting or related four-year degree required
Minimum 3-8 years of related accounting/reporting experience required
Real estate industry experience is strongly preferred
Demonstrated quantitative analytical and accounting skills commensurate with experience level
Intermediate understanding of accounting principles and ability to apply those principles to job assignments
Knowledge of budgets and CAM reconciliations is required
Intermediate competence in Microsoft Excel and Outlook required
Yardi and/or MRI intermediate experience is required
Ability to interact with clients and team members; excellent communication skills, both verbal and written.
Ability to act and work with a high level of self-motivation, ability to multi-task, and thrive in a deadline-oriented environment.
Ability to take initiative in routine problem-solving, and to present possible solutions to manager or supervisor for feedback regarding more complex issues /or problems. Read more