Property Accountant

About the Company

A Blackstone Real Estate portfolio company, is a global provider of corporate services in Bengaluru.

About the Role

Manage monthly, quarterly, and year-end closes for assigned properties, including journal entries, accruals, and reconciliations. Must have exp in Yardi and US real estate properties.

Exp : 1yrs to 7yrs.

Responsibilities

• Oversee and review property-level general ledgers, ensuring accurate posting of rental income, operating expenses, and capital expenditures.
• Monitor tenant ledger activity including billing, rent escalations, lease abstracts, tenant improvement allowances, and security deposit accounting.
• Ensure compliance with lease terms, property management agreements, and lender requirements.
• Review property general ledger detail, record adjusting journal entries, and prepare supporting schedules for GAAP-based financial statements.
• Review straight-line rent calculations.
• Prepare expense accruals.
• Prepare bank reconciliations.
• Review invoice coding.
• Prepare property level and consolidated variance analysis.
• Prepare property level and consolidated workpapers, including balance sheet reconciliations and roll forwards.
• Assist in Common Area Maintenance (CAM) process. Prepare and review CAM pool setup in accounting software. Prepare and review annual prepayment calculations and yearend settlement calculations to ensure timely and accurate calculations and adherence to lease. Ensure all adjustments are billed timely and correctly per lease requirements.
• Participate in CAM annual budget process.
• Prepare property-level and consolidated financial statements and management reporting packages.

Required Skills

R2R

Pay range and compensation package

Upto 10lacs