Property Accountant

Job Description

Property Accountant | Koury Corporation

The Tone:
This is a full-time role at Koury Corporation, located in Greensboro, North Carolina. Koury Corporation is a Builder and Developer with over six decades of experience, recognized as both an early pioneer and modern-day innovator in developing Hospitality, Retail, Office, Industrial, Multi-Family, and Residential properties. The company operates on a fully integrated business platform, dedicated to developing, constructing, leasing, and managing its own properties with the highest integrity and a long-term vision. This role is crucial for managing the full-cycle accounting of a diverse property portfolio, ensuring precise financial reporting, budgeting, and reconciliation for each asset, directly supporting the company’s sustained growth and financial health, guided by the enduring ideals of its founder, Joseph S. Koury.

The TL;DR
• Role: Early Career
• Location: In-person Greensboro–Winston-Salem–High Point Area
• Mission: Own the full-cycle accounting, accurate financial reporting, budgeting, and reconciliation for a portfolio of properties.
• Tech Stack: SAGE 300CRE, MRI, MS Office, Excel

What You’ll Actually Do
• Property Accounting Management: Perform full-cycle accounting for a diverse portfolio of commercial properties, maintaining meticulous financial records.
• Financial Reporting & Analysis: Prepare comprehensive monthly, quarterly, and annual financial statements for each property, alongside property budgets, forecasts, and variance analyses.
• Account Reconciliation & Maintenance: Diligently reconcile various accounts including bank statements, tenant ledgers, prepaids, fixed assets, note payables, and other balance sheet and income accounts.
• Transaction Processing: Track and manage all accounts receivable and accounts payable, process rent rolls, tenant billing, and conduct CAM (Common Area Maintenance) reconciliations.
• Compliance & Collaboration: Ensure compliance with GAAP, internal controls, and company policies, while coordinating with property managers to verify the accuracy of financial data and supporting year-end audit preparations with external auditors.

The Must-Haves
• Background: An Entry-Level professional holding a Bachelor’s degree with a major in accounting.
• Experience: Requires 0 to 3 years of accounting experience. Desired experience includes a focus on commercial real estate financials.
• Skills: Demonstrated proficiency in MS Office, with strong knowledge and practical experience in Excel; exceptional attention to detail and accuracy in all financial tasks; the ability to work independently and manage multiple tasks in an active environment; strong interpersonal, written, and verbal communication skills; and an aptitude for performing detailed work within an accounting system while ensuring compliance with GAAP and internal controls.
• Bonus: Experience in commercial real estate is highly desired; familiarity or experience with SAGE 300CRE and MRI software is preferred.