Open Position – Property Accountant

Property Accountant

Property Accountant

Northstar’s line of business, which is value-add real estate focused on job creation, is currently one of the premier acquirers of vacant and/or value-add properties in markets throughout the United States. Northstar focuses on buying these assets from lenders, corporations and other owners, then improving and placing them back into productivity in order to create jobs and opportunities in their local communities and, in the process, delivering attractive returns to its investors. To date, we have personally overseen the acquisition of over $1.3 billion of property value and has purchased over 12.5 million square feet in 137 separate properties with capital investors. The current portfolio consists of assets in 17 states in the U.S. and has a potential market value of over $1.3 billion.

Property Accountant

Primary Responsibilities:

  • Prepare Monthly and year-end reconciliation and closing for assigned properties.
  • Assist in coordination and support of third-party auditors.
  • Assist with annual CAM reconciliations preparation.
  • Prepare balance sheet tie-out to balance the General Ledger.
  • Calculate and record appropriate depreciation and amortization of fixed assets, tenant improvements, and leasing commissions.
  • Perform Budget Comparison analysis.
  • Assist with Budget preparation.
  • Prepare Monthly Financials to Lenders.
  • Perform Monthly/Quarterly/Yearly distributions.
  • Prepare loan draws.
  • Prepare Preview Statements and distributes to field to ensure following month’s recurring charges and past due charges are accurate.
  • Research and answer Property Managers’ questions regarding tenant statements.
  • Apply prepaid rents and perform bank reconciliations and sales tax.
  • Perform Leasing Abstracts and PTARs as needed.
  • Prepare tenant account analysis and reconciliations when needed.
  • Approve Accounts Payable invoices.
  • Perform Account Receivables for assigned properties.
  • Review accounts receivable aging for delinquencies.
  • Perform different ad-hoc as needed
  • Utility Billbacks

 

Skills/ Qualifications include, but are not limited to:

  • Minimum of 2 years work experience in accounting and/or within the real estate industry.
  • Bachelor’s degree (Required).
  • Yardi experience (Helpful although not required).
  • United States Work Authorization (Required).
  • Understanding of GAAP and its application in a real estate firm.
  • Ability to process a large volume of detailed electronic data quickly and efficiently.
  • Commitment to high degree of confidentiality.
  • Positive Attitude!
  • Ability to own and speak to your work!

Job Type: Full-time

This individual would report directly the Manager of Property Accounting while assisting the Controller and Chief Financial Officer with additional projects as needed.

Compensation: Determined Upon Education and Experience

To apply for this job, please email your resume and cover letter to Kimlynn Huynh (kimlynn@northstarcp.com).