Property Accountant - Mumbai

Property Accountant - Mumbai

Stalwart Management Consulting
1 Nos.
10505
Full Time
3.0 Year(s) To 10.0 Year(s)
7.00 LPA TO 14.00 LPA
Job Description:

PRIMARY RESPONSIBILITIES:

  • Prepare annual building budgets including revenue projections, operating expenses, and capital improvement programs (in consultation with the Property Manager)
  • Prepare monthly financial reports/balance sheets/cash flow analyses/operating expense analyses for internal use and investor reporting
  • Oversee cash management for all entities
  • Prepare and maintain general ledger and reconcile accounts
  • Prepare bank reconciliations and Tenant CAM & Real Estate Tax calculations
  • Review, set up and maintain property tenants on MRI software.
  • Maintain knowledge of tenant leases (i.e. rent increases, options, special clauses, letter of credit).
  • Prepare distributions and maintain priority return schedules.
  • Prepare annual workpapers and work with external auditors.
  • Reconcile general ledger accounts with supporting schedules on a monthly basis
  • Ensure that all tenant and property information is properly set up
  • Review tenant recurring charges to ensure that all are billed without errors
  • Analyze all balance sheet and income statement accounts and prepare appropriate journal entries
  • Communicate with property managers concerning property related issues
  • All financial transactions that are processed through the properties by performing balance sheet analysis, operating expense review, P&L variance analysis, cash flow projections
  • Prepare calculation of annual CAM reconciliations and Tax Recovery calculations and corresponding tenant billings
  • Review and maintain tenant ledgers and rent rolls; prepare and send monthly statements
  • Maintain cash balances in accordance with client requirement and possibly prepare transfer and funding requests
  • Timely preparation of monthly standard reporting packages for property managers and clients
  • Assist with preparation of annual budgets
  • Prepare monthly Excel variances templates for property managers
  • A/P and A/R functions

 

QUALIFICATIONS AND EXPERIENCE: (Academic, Professional, Relevant Job Knowledge)

  • Typically requires a Chartered Accountant or Bachelor’s degree in Accounting or a related field
  • 3-6 years of experience
  • Requires familiarity with standard accounting concepts, practices and procedures
  • Relies on judgment and limited experience to plan and accomplish tasks
  • A certain degree of creativity and latitude is required
  • Experience with accounting for Leases and Fixed Assets is preferred
  • Yardi and PeopleSoft Experience Preferred
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