Property Accountant

Job Description

Property Accountant | Crescendo Commercial Realty

The Tone:
This is a full-time role at Crescendo Commercial Realty, located in Cleveland, OH. Crescendo Commercial Realty is a leading commercial property management company specializing in healthcare real estate, recognized as one of Northeast Ohio’s fastest-growing companies. With approximately $400M in assets under management and rapid growth, this role is essential for managing the accurate and timely day-to-day accounting functions for an assigned portfolio of commercial properties throughout the US. This position offers a valuable opportunity to learn about the commercial real estate industry and the intricacies of property management.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Cleveland, OH
• Team: Accounting Department, working with various other internal teams.
• Mission: Responsible for the day-to-day accounting for an assigned group of commercial properties, ensuring timely and accurate financial operations.
• Tech Stack: MS Excel, MS Office, Yardi (a plus)

What You’ll Actually Do
• Financial Reconciliations: Prepare and post essential reconciliations, including bank, general ledger, and various ad hoc types, alongside monthly accruals and year-end adjustments.
• Financial Reporting & Analysis: Compile comprehensive monthly, quarterly, and yearly financial statements for diverse reporting needs, and engage in budget variance reporting and year-end budget preparation.
• Accounts Management: Oversee both Accounts Payable, ensuring accurate invoice coding, necessary prorations, and discrepancy research, and Accounts Receivable, managing postings, collection calls, and internal tracking.
• Compliance & Lease Administration: Ensure strict compliance with sales tax payments and filings, prepare lender reporting and disbursements according to loan terms, and interpret real estate leases to support financial operations.
• Tax & Special Projects Support: Facilitate the preparation and submission of financial statements to CPAs for tax return filing, assist in the annual 1099 filing process, and contribute to various ad hoc reporting and analytical projects.

The Must-Haves
• Background: Bachelor’s Degree in Accounting, Finance, or Business Administration. This is an entry-level position.
• Experience: 0-2 years of related experience, or an equivalent combination of education and customer service experience. Strong working knowledge of MS Excel and other MS Office products is required.
• Skills: Strong analytical skills, a solid understanding of general ledger accounting, payables, and receivables, and excellent organizational and time management skills with a high degree of attention to detail. Professional written and oral communication abilities are also essential.
• Bonus: Yardi real estate software experience is a plus.