Property Financial Services Associate

Accounting - Asset Financial Services
Posted: 06/07/2021
Full Time
Phoenix, AZ
The Property Accountant is responsible for property accounting duties as well as accounts receivable processes for the Asset Financial Services Department.
ESSENTIAL FUNCTIONS:
  • Assist in the lease administration process, including review of all leasing activity, reporting and abstract preparation. Where necessary assist in the posting of tenant rents. 
  • Maintain accurate, up to date tenant ledgers and coordinate timely receivable collections with Property Management. 
  • Review aging reports and expense ledgers to identify and recommend monthly accruals and/or potential reclassifications. 
  • Analyze AR with Property Management to perform write-offs, determining bad debt recommendations, completing write-offs, and ensuring the timing and accuracy of move-ins/outs. 
  • Prepare and distribute annual CAM reconciliations.
  • Review and resolve tenant CAM and ledger audits.
  • Assist in review and preparation of annual budgets, forecasts and narrative and make recommendations as needed.
  • Receive and deposit tenant checks, review and reconcile ACH and lockbox receipts via various bank portals, post receipts to open charges and prepare deposits; review prepayments and post application to open charges. 
  • Review payables for accuracy, including proper allocation between entities, correct coding to general ledger accounts and correct invoice information.
  • Collaborate with buyers, sellers and Legal to prepare prorations and assist with closing statements for dispositions and acquisitions. 
  • EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
  • Bachelor's degree in Accounting or Related Field. 
  • Entry level to 2 years of accounting or related experience.
  • Real estate/property management experience preferred.
  • TECHNICAL SKILL REQUIREMENTS:
  • Proficient in Microsoft Office, especially Excel and Word. 
  • Knowledge of GAAP accounting. 
  • Familiar with property management functions.
  • Experience in Yardi, MRI or comparable software.
  • CIM does not accept unsolicited resumes from Agencies.  Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid.  If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.