Prescott Group in Dallas, Texas is seeking a Senior Property Accountant to join our team. Prescott Group is a diversified, vertically integrated real estate investment, debt resolution, and asset management firm. Prescott Group is comprised of Prescott Realty Group, a full-service real estate operating company, specializing in commercial developments and redevelopment projects, Prescott Advisors, LLC the investment advisor to our private equity fund and Dyck O'Neal Inc., a nationwide purchaser and servicer of real estate loans.
Responsibilities:
Manage full-cycle accounting for commercial real estate properties as assigned.
Oversee and review property accounting performed by a third-party accounting service provider.
Reconcile and comprehend all balance sheet accounts and produce monthly financial statements with supplementary reporting as required.
Ensure all legislated taxes and assessments are reconciled and remitted.
Monitor cash positions and anticipate future cash deficiencies.
Monthly bank reconciliations including follow-up and correction of outstanding items.
Monitor and review monthly receivables for accuracy, adjustments, and/or corrections.
Supply tenant analyses and statements of account as required.
Monitor and review accounts payable coding for accuracy.
Calculate and analyze year-end operating cost adjustments (Op. Ex. or CAM) and tenant billings for assigned properties.
Assist property manager with monthly reporting, including revenue variance explanations.
Prepare monthly reporting package for submission to ownership and/or partners.
Interact and facilitate, on a group and individual basis, the business activities of accounting, as well as external clients such as tenants, investors, vendors, affiliates, and other intermediaries as requested.
Develop and review property reports, documentation, presentations, email communication, and all other correspondence.
Ensure that all financial reporting follows Generally Acceptable Accounting Principles (GAAP) or the Federal income-tax method of accounting, as required.
Perform financial analyses, modeling, and budgeting activities.
Account, book, and reconcile the general ledger as appropriate.
Prepare partnership capital calls and distributions.
Prepare construction/development and capital expenditure loan draw and escrow/reserve requests and submit them to lenders.
Assist in training new property managers on accounting processes as requested by their manager.
Assist in documenting processes related to properties.
Other projects and duties as requested by their manager.
Requirements:
Bachelor's degree in accounting from an accredited university is required, CPA preferred.
5-7+ years of experience in commercial real estate or REIT accounting.
Advanced experience with Yardi Voyager.