Senior Property Accountant POST NUMBER: 446090
Our client is seeking a Senior Property Accountant to manage financial reporting and accounting processes for a designated portfolio of properties in a fast-paced, dynamic environment. This role ensures compliance with Generally Accepted Accounting Principles (GAAP) and Sarbanes-Oxley (SOX) internal control requirements. Key responsibilities include the review and analysis of financial transactions, capital expenditures, lease agreements, and revenue recognition. The position also involves close collaboration with cross-functional teams, field staff, and internal and external auditors.
Responsibilities
- Oversee and review the work of property accounting staff to ensure accuracy, completeness, and SOX compliance
- Review and analyze balance sheet reconciliations; resolve outstanding items in a timely and documented manner
- Prepare and review accruals for property-level and general & administrative (G&A) cost centers
- Coordinate and review annual budgets and reforecasts with accounting staff and operational teams
- Monitor and evaluate changes in operating expenses, identifying variances and drivers
- Interpret and validate lease agreements and related financial metrics for proper revenue and expense recognition
- Ensure capital expenditures are accounted for accurately and in accordance with SOX-compliant processes
- Review and process external lease commission invoices; initiate timely payment procedures
- Identify and account for lease incentives based on lease and capital expenditure reviews
- Prepare capital expenditure accruals and close-out entries based on project progress and actuals
- Oversee and review monthly bank reconciliations for assigned properties
- Calculate and reconcile tenant operating expense reimbursements (estimates and actuals)
- Maintain documentation and controls to support internal and external audits
- Identify and implement process improvements to increase efficiency and scalability of accounting operations
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field
- 6 years of relevant accounting experience, ideally in real estate or property management
- Strong understanding of Generally Accepted Accounting Principles (GAAP) and financial reporting practices; CPA preferred
- Proficient in Microsoft Excel (pivot tables, VLOOKUP, data analysis)
- Experience with accounting platforms / general ledger software is required
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.