Senior Property Accountant

Company: Avison Young - USA
Location: Los Angeles
Posted on: November 13, 2024

Job Description:

Our Story
Avison Young is a global commercial real estate brokerage and advisory firm, offering transaction, management, financial and consulting services. We've designed our corporate structure to best serve our clients by enhancing collaboration across our organization.
At Avison Young, we are committed to providing a comprehensive suite of commercial real estate services to our clients while fostering a supportive and inclusive workplace culture for our employees. Our collaborative approach and emphasis on personal and professional growth create an environment where individuals can thrive. Real estate can have a significant positive impact on people's lives - and we're in the business of making spaces and places work better for people. Our purpose is to create real economic, social and environmental value as a global real estate advisor, powered by people.
If you're looking for career opportunities where you can excel and contribute to a strong company culture, we want to hear from you. Join our highly motivated team and take pride in your work as we create a better future together.
Overview
Avison Young is looking for a Sr. Property Accountant to join our accounting department. The general purpose of this job is to prepare timely financial statements, ensuring all schedules and reports accurately reflect the financial activity of each entity. The individual will adhere to established policies and procedures, ensuring appropriate internal controls. Additional responsibilities include participation in accounting training and coordination of client requests and monthly financial statements.
The base salary is aligned with market data and is estimated between $80,000 to $90,000 (yearly) with the ability to achieve additional compensation through bonus. This salary range reflects base compensation for the position across all US locations. Within this range, individual pay is determined by work location and other factors including relevant education/training, experience, and internal equity.
Responsibilities

• 
  
• Responsible for accurate input of data provided by Property Managers
  
• Review all leases and related accounting lease abstract forms
  
• Review and approve AR, including billing adjustments, security deposit refunds, etc.
  
• Review and approve AP vendor invoices for property number, coding, description and approvals
  
• Review rental edits (scheduled charges)
  
• Review and input budgets
  
• Review and approve CAM/Escalation reconciliations and related billing adjustments
  
• Prepare bank reconciliations
  
• Prepare banking forms as needed (or requested by Vice President Finance) - Stop Payment Requests, Bank Request Form for banking issues or discrepancies, etc.
  
• Responsible for ensuring monthly mortgage, land lease, or other recurring monthly payments are processed timely - avoiding any penalties for late payment.
  
• Prepare sales & use tax form(s) and related back up schedule(s) to ensure the accurate and timely payment of amounts due
  
• Review business license/tax for accuracy and process payment timely
  
• Prepare financial statements - mostly cash basis with occasional accrual, if appropriate
  
• Prepare and enter journal entries - standard, recurring, reversing, adjusting, reclassing, prepaid rent, accruals, etc.
  
• Responsible for accurate and timely monthly financial statements
  
• Approve (initial & date) weekly cash requirements and attach a cash balance report to show monies are available
  
• Maintain cash balances as directed by portfolio controller, accounting manager or client
  
• Prepare wire transfers to move monies as needed
  
• Prepare funding requests as needed for capital or operating
  
• Prepare owner distributions as needed
  
• Prepare secondary excel or word reporting schedules for (but not limited to) depreciation, amortization, security deposits, loan schedules and balance sheet schedules
  
• Prepare and process monthly fees due - including management fees, asset management fees, TI or construction fees, etc.
  
• Reconcile balance sheet accounts monthly
  
• Prepare audit packages for auditors and controllers
  
• Print and review AR aging with property manager weekly
  
• Review rent roll monthly with property manager
  
• Follow and adhere to Avison Young and client policies and procedures
  
• Process and complete special projects as requested by Vice President Finance, accounting manager, client, or property manager
  
• Assist in the review, analysis and collection of Avison Young corporate accounts receivable - including but not limited to:
  
• Payroll Reimbursements
  
• Management Fees
  
• Lease Commissions
  
• Construction Supervision Fees
  
• Prepare and submit to supervisor a written action plan for desk coverage during absences. This would include both vacation and personal time off coverage.
  
  Qualifications
  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative, but not exclusive or exhaustive, of the knowledge, skill and/or ability required.
  Education and/or Experience:
  
  • 
    
  • B.S. or B.A. degree in Business Administration or Accounting
    
  • One (1) to five (5) years of Property Management Accounting Experience
    
  • In lieu of a B.S. or B.A. degree, must have 5 or more years' experience in Property Management accounting
    
    Communication Skills:
    
    • 
      
    • Ability to read, analyze and interpret tenant leases, management agreements, and financial narratives
      
    • Ability to effectively present information and respond to questions from Property Managers, Controllers, Accounting Managers and Property Accountants
      
    • Ability to write reports and business correspondence
      
    • Requires positive attitude and good interpersonal skills
      
    • Strong verbal and written communication skills
      
    • Requires a high-level commitment to customer service, whether co-workers or clients
      
      Reasoning Ability:
      
      • 
        
      • Ability to identify and solve problems with limited information
        
      • Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form
        
      • Ability to work independently
        
      • Ability to work in a high-volume arena
        
      • Requires good organizational skills
        
      • Requires attention to detail
        
      • Requires an openness to new ideas and procedures (flexibility)
        
        Computer Skills:
        
        • 
          
        • Proficient in Yardi Voyager
          
        • Proficient with various computer software programs such as Adobe, Microsoft Office, namely Excel
          
          Workplace Type
          Hybrid (Minimum 3 days in the office)
          Our Equal Opportunity Commitment
          Our Equal Opportunity Commitment
          Avison Young is proud to be an equal opportunity employer, committed to promoting diversity and inclusivity within our workforce. Our non-discrimination policy ensures that all individuals are treated equally, regardless of race, gender, religion, sexual orientation, or disability. We believe in fostering a positive and inclusive work environment that values accessibility and fair recruitment practices for all employees. We hope you will join us in committing to create a workplace that is fair, equitable, and welcoming to all.
          Benefits offered to full time W2 employees:
          
          • 
            
          • Traditional and Roth 401k with generous employer match and immediate vesting
            
          • 12 weeks of Paid Parental Leave after one year of tenure
            
          • Medical, Dental, Vision Insurance
            
          • Company paid Life and AD&D Insurance
            
          • Company paid Short & Long-Term Disability
            
          • Voluntary Critical Illness and Accident Coverage
            
          • Healthcare, Dependent Care, Commuter & Transit Pre-Tax Benefits
            
          • Wellness program
            
          • Employee Assistance Program (EAP)
            
            Work-Life Balance:
            
            • 
              
            • Competitive paid vacation days
              
            • 2 personal/wellness days
              
            • Paid holidays plus 2 floating holidays
              
            • Annual volunteer day for Day of Giving
              
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Keywords: Avison Young - USA, East Los Angeles , Senior Property Accountant, Accounting, Auditing , Los Angeles, California