Property Accountant for Retail Space

Position Summary

We are seeking a detail-oriented Property Accountant to oversee the accounting and financial reporting for a portfolio of retail shopping centers. This position works closely with property management, leasing, and the accounting team to maintain accurate financial records, administer tenant billing, and ensure timely reporting.

Key Responsibilities

• Manage full-cycle accounting for assigned retail properties, including general ledger maintenance, journal entries, accruals, and month-end close.
• Prepare monthly financial statements, supporting schedules, and budget-to-actual variance explanations.
• Review retail leases, amendments, and lease abstracts to ensure accurate billing of base rent, operating expense recoveries, and other tenant charges.
• Prepare annual common area maintenance (CAM), property tax, and insurance reconciliations in accordance with lease terms.
• Calculate and bill percentage rent, where applicable, and track required tenant sales reports.
• Maintain tenant ledgers, apply payments, reconcile security deposits, and coordinate with property management on outstanding balances.
• Review accounts payable coding, allocations, and supporting documentation.
• Reconcile bank accounts, balance sheet accounts, and intercompany transactions.
• Assist with annual property budgets, forecasts, and cash flow projections.
• Track tenant improvement allowances, leasing commissions, capital expenditures, and related accounting treatment.
• Prepare lender reporting and support financial audits, tax preparation, and property acquisitions or dispositions.
• Respond to tenant questions regarding billings and reconciliations in coordination with property management.
• Maintain organized records and follow established accounting policies and internal controls.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Two or more years of property accounting experience preferred, particularly with retail shopping centers.
• Working knowledge of accrual accounting and generally accepted accounting principles (GAAP).
• Experience with CAM reconciliations, lease interpretation, and tenant expense recoveries.
• Proficiency in Microsoft Excel and property accounting software such as Yardi, MRI, or a comparable platform.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple properties, meet deadlines, and work independently while collaborating with other departments.

Preferred Qualifications

• Experience with multi-entity commercial real estate portfolios.
• Familiarity with triple-net (NNN) leases, recovery caps, exclusions, gross-up provisions, and percentage rent calculations.
• Experience supporting property acquisitions, dispositions, and lender reporting.