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Senior Property Accountant

Redwood City, California
Job Type
19 May 2023
Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco Peninsula. We invest in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture.

Join a Diverse and Talented Team:

Embarcadero Capital Partners consists of a diverse team of seasoned industry professionals. We have the experience and expertise to identify and capitalize on opportunities in every major U.S. market. Our group's capabilities encompass all aspects of commercial real estate including acquisition, finance, development, leasing, management, and disposition. ECP's in-house management and leasing staff work with a variety of third-party brokers and property management groups to execute defined operating and investment objectives.

Job Title: Senior Property Accountant

Manage and maintain the books for multiple commercial properties for a real estate investment company
Manage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliations
Produce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysis
Reconcile intercompany accounts with Corporate for payables and equity accounts with ownership.
Ensure the sub-ledgers reconcile to the general ledger monthly
Prepare quarterly, or as needed cashflow reports for property
Work with Property Controller on issues related to Tax & Insurance, Loan Administration, and Construction Draws
Acquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assets
Work closely with property managers to prepare property budgets and quarterly reforecasts
Work with property managers to prepare CAM reconciliations and estimates.
Review and input lease abstracts prepared by property managers
Perform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely manner
Monitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.
Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.
Work with Corporate controller on audits & tax requests
Assists in ensuring compliance with municipal, state and federal regulations, including tax compliance. This includes but is not limited to preparing business property tax returns (571-L) business license applications, and year-end forms
Provide ad hoc analysis and reports as needed


Bachelor's degree in accounting preferred
5+ years of general ledger accounting, real estate property management accounting preferred
Understanding of real estate tax issues, a plus.
Experience with preparation of CAM reconciliations for commercial real estate projects.
Experience with financial statement variance analysis with narratives
CPA preferred, not required.

The following skills are required:

Excellent analytical, organizational and people skills
Excellent verbal and written communication skills
Experience with MRI accounting software preferred
Proficiency with Excel and MS Word
Must be hands-on, detail oriented and possess the ability to look beyond the box
Ability to work independently and proactive planning are needed to succeed in this position.
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  • Job Reference: 1010170180-2
  • Date Posted: 19 May 2023
  • Recruiter: Embarcadero Capital Partners LLC
  • Location: Redwood City, California
  • Salary: On Application
  • Sector: Accounting
  • Job Type: Permanent