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Property Accountant

Company Description

Catalyst is a national, full-service healthcare real estate investment firm. Our platform of integrated real estate deliverables is specifically designed for the ever-evolving landscape of healthcare. Our team seeks to positively impact healthcare with strategic investment in development, acquisition, and strategy services. For more information, please visit catalysthre.com.

Job Description

Responsibilities/Duties:

  • Perform monthly, quarterly, and year-end closings of general ledger in accordance with GAAP basis (or other basis of accounting as directed by management).
  • Perform balance sheet account reconciliations, including bank reconciliations and balance sheet account reconciliations for real estate properties and various other entities.
  • Prepare month end, quarter end, annual reporting packages for real estate properties and various other entities.
  • Coordinate with internal and external asset and property managers and assist in budgeting and forecasting as necessary.
  • Prepare property journal entries for month end close.
  • Perform monthly analysis of tenant accounts receivables.
  • Analyze accounts for unusual or unexpected activity and resolve discrepancies or irregularities.
  • Analyze and prepare journal entries related to all property acquisitions and dispositions.
  • Assist in the onboarding of new properties.
  • Analyze accounts for unusual or unexpected activity and resolve discrepancies or irregularities.
  • Participate in the budgeting and forecasting process, as well as monitoring budget to actual.
  • Prepare state and local sales tax returns.
  • Maintain great communication and rapport with tenants.
  • Ensure that procedures are in place to safeguard company assets, assure that records are accurately maintained, and that established policies and practices are consistently followed.
  • All other duties as assigned.

Qualifications

Skills, Knowledge and Personal Characteristics: 

  • Good communication and organizational skills;
  • Ability to troubleshoot with the ability to make required repairs;
  • Customer service experience;
  • Ability to work under pressure;
  • Self- motivated and self-directed;
  • Ability to assert oneself;
  • Organized and efficient in time management skills;
  • Ability to work with staff in solving problems; and
  • Ability to take direction and function as part of a team.

Job Requirements:

  • Bachelor’s degree in accounting/finance or related discipline preferred
  • 1-2 years of experience in accounting/finance field preferred
  • Experience with commercial real estate preferred
  • Proficient with MS Office, particularly with Excel
  • Yardi experience preferred, we’ll consider other comparable programs

Additional Information

All your information will be kept confidential according to EEO guidelines.

The qualification requirements, physical demands and work environment characteristics described in this job description are representative of those that must be met by an employee to successfully perform the essential duties and responsibilities of this job.

This job description in no way states or implies that the essential duties described are the only responsibilities. The employee is required to follow any other instruction and to perform any other work duties at the request of the supervisor or other management personnel.

It is very important that the successful candidate fit into the Catalyst HRE culture. The company’s values focus on results, creativity, honesty/candor, and strong teamwork. There is a great passion for the work we do.

Average salary estimate

$60000 / YEARLY (est.)
min
max
$50000K
$70000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Property Accountant, Catalyst HRE

If you're looking to make a positive impact in the real estate and healthcare sectors, joining Catalyst as a Property Accountant in Pensacola, FL might be your perfect fit! At Catalyst, we’re a national healthcare real estate investment firm dedicated to transforming the landscape of healthcare through strategic investments and comprehensive real estate solutions. As a Property Accountant, you'll find your days filled with dynamic responsibilities that foster both your professional growth and the company's success. You'll be handling essential tasks such as managing monthly, quarterly, and year-end closings of the general ledger in compliance with GAAP, and executing in-depth reconciliations. Your meticulous approach will shine while preparing month-end, quarter-end, and annual reporting packages for various real estate properties. You'll work closely with property and asset managers, assist in budgeting and forecasting, and ensure all procedures are in place to protect company assets. We're looking for someone with a solid foundation in accounting, preferably with a background in commercial real estate, who is proficient in MS Office, especially Excel, and holds a Bachelor’s degree in accounting or finance. If you're self-motivated, organized, and thrive in a team environment, we’d love for you to help us shape the future of healthcare real estate at Catalyst!

Frequently Asked Questions (FAQs) for Property Accountant Role at Catalyst HRE
What are the main responsibilities of a Property Accountant at Catalyst?

As a Property Accountant at Catalyst, your primary responsibilities will include performing monthly, quarterly, and year-end closings of the general ledger while adhering to GAAP standards. You'll also be tasked with preparing balance sheet reconciliations, monthly analyses of tenant accounts, and assisting in budgeting and forecasting processes. Strong communication and analytical skills are essential for resolving discrepancies and maintaining rapport with tenants.

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What qualifications are needed for the Property Accountant position at Catalyst?

To be considered for the Property Accountant position at Catalyst, it's preferred that you have a Bachelor’s degree in accounting or finance. Additionally, 1-2 years of experience in the accounting or finance field, particularly with commercial real estate, is highly valued. Experience with Yardi or similar accounting software is also a plus!

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How does Catalyst support the professional development of Property Accountants?

At Catalyst, we believe in fostering a culture of growth and development. As a Property Accountant, you'll have access to ongoing training and support from experienced professionals. We encourage participation in industry-related workshops and seminars, enabling you to stay updated on best practices in real estate accounting and finance.

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What software proficiency is expected for a Property Accountant at Catalyst?

Proficiency in MS Office, particularly Excel, is crucial for a Property Accountant at Catalyst. You should be comfortable working with spreadsheets for financial analysis and reporting. Familiarity with Yardi or other comparable real estate accounting software is also preferred, as it streamlines property management and financial operations.

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What is the work environment like for Property Accountants at Catalyst?

The work environment at Catalyst is collaborative and supportive, grounded in our core values of results, creativity, honesty, and teamwork. We take pride in maintaining a culture where ideas are freely exchanged, and employees feel empowered to contribute to their fullest potential. As a Property Accountant, you'll enjoy working closely with a diverse team dedicated to making an impact in healthcare real estate.

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Common Interview Questions for Property Accountant
How do you ensure accuracy in your financial reporting as a Property Accountant?

To ensure accuracy in financial reporting, I establish a multi-step review process, including cross-referencing data from numerous accounts and reconciling discrepancies timely. Additionally, maintaining organized documentation throughout the month helps during the reporting period.

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Can you describe your experience with commercial real estate accounting?

I have gained experience in commercial real estate accounting by managing monthly closings, tenant billing, and understanding property valuation. My familiarity with industry-specific accounting software has allowed me to streamline processes and provide accurate financial reports.

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What steps do you take when analyzing unusual or unexpected activity in accounts?

I carefully review transaction history and account statements to identify patterns or errors. If necessary, I communicate with relevant stakeholders to gather additional context and ensure discrepancies are resolved promptly.

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How do you prioritize your tasks when managing multiple properties?

I prioritize tasks by assessing deadlines and the complexity of the work required. I create a structured to-do list and use time-blocking techniques to allocate focus to high-priority tasks while ensuring that smaller but essential duties are not overlooked.

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What experience do you have with preparing state and local tax returns?

I have experience preparing state and local tax returns by staying current on relevant regulations and deadlines. I ensure that all documents are thoroughly checked for accuracy, and I collaborate with external tax advisors when needed to navigate complex scenarios.

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How do you handle communication with tenants about financial issues?

I approach communication with tenants regarding financial issues with transparency and professionalism. By proactively discussing billing processes and being available for questions, I foster trust and ensure that we address any concerns efficiently.

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Can you give an example of a budgeting process you've participated in?

In my previous role, I collaborated with property managers to draft an annual budget by analyzing historical data, forecasting rental income, and projecting maintenance costs. We then adjusted our plans based on feedback from various departments to create a comprehensive budget.

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What is your approach to maintaining great communication and rapport with property managers?

I maintain great communication with property managers by scheduling regular check-ins to discuss current financial health and any upcoming changes. Promptly responding to inquiries and providing support when needed helps in building strong working relationships.

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How do you ensure compliance with established policies and procedures in accounting?

I ensure compliance with established policies and procedures by familiarizing myself with the company's accounting manual and actively referring to it when performing tasks. Regular training and discussions with team members also help keep everyone aligned.

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What inspired you to become a Property Accountant?

I have always been passionate about numbers and their real-world impact. Becoming a Property Accountant allows me to blend my love for accounting with my interest in real estate, providing an opportunity to contribute meaningfully to essential sectors like healthcare.

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Catalyst Healthcare Real Estate is a nationwide full-service healthcare real estate firm. Our team of experts provide 100% of our development and acquisition services on an in-house basis. Catalyst concentrates exclusively on healthcare and provid...

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Full-time, on-site
DATE POSTED
December 19, 2024

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