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Senior Property Accountant

About Thomas Park

Thomas Park is a full-service commercial real estate firm offering alternative investment strategies and third-party commercial real estate services.


Our Core Values

Balance: We work hard but understand there is a life outside of work that will support a healthy balance. Work smart and do what is necessary to get the job done right. Valuable output is the greatest measure, not hours put in.

Act with Integrity: In all that we do, we act ethically. We are committed to each other, our investors, tenants, and vendors.

Strive for Excellence: Invest in personal growth, training, and lifelong learning. Demand results, solve problems, and communicate clearly.

Inclusion: We are committed to creating a long-lasting culture of equality where everyone feels safe to be their true selves. Be compassionate, trust one another and use “we” vs. “I”.

Embrace Change: Embrace new ideas and tackle problems from multiple angles. Utilize technology on a consistent basis.


About the Role


Reporting to TPM’s Controller, the Senior Property Accountant will manage the day-to-day responsibilities of property accounting. This position will collaborate closely with the Controller and property managers, playing a key role in delivering timely and accurate financial reporting, upholding strong internal controls, and implementing scalable processes within the Accounting Department. Proficiency in Yardi is essential, as it is a cornerstone of our property management and accounting operations.


Job Type: Full-time, exempt


Location: Annapolis, MD (in-office)


Primary Responsibilities


Accounting and Financial Management

- Assume full ownership of a portfolio of TPM’s third-party managed client accounting.

- Prepare and review monthly bank reconciliations, journal entries, and accruals.

- Oversee and perform CAM and RE tax reconciliation and adjustment billings.

- Manage the preparation of monthly, quarterly, and annual financials.

- Ensure timely submission of escrow and reserve submittals.


Compliance and Reporting

- Maintain strong internal controls and address concerns with ownership.

- Prepare annual property operating budgets and coordinate tax appeals.

- Monitor ACHs, prepare prepaid insurance schedules, and manage RE tax and insurance submissions.


Collaboration and Communication

- Collaborate with department leadership on improvements to policies and procedures.

- Coordinate with A/P on positive pay processes and banking transactions.

- Partner with clients to ensure timely and accurate financials.


Desired Skills and Experience

- Education: BS/BA degree required; CPA preferred.

- Experience: Minimum of 5 years of progressive real estate accounting experience, with direct Yardi experience required; public accounting experience is a plus.

- Technical Skills: Advanced Microsoft Excel skills and experience with accounting software required.

- Soft Skills: Exceptional analytical, attention to detail, and communication skills.


$75,000 - $90,000 a year

Benefits

·       401(K) with employer match

·       Dental, Vision, and Medical Insurance

·       Paid Time Off

·       Paid Maternity and Paternity Leave after 1 year of employment

·       And more!

 

Thomas Park is an equal-opportunity employer. We are committed to building a diverse and inclusive workforce and do not discriminate based on race, religion, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other legally protected characteristics, Thomas park is committed to providing reasonable accommodations for candidates with disabilities who need assistance during the hiring process. To request a reasonable accommodation, please email HR@thomas-park.com.

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Average salary estimate

$82500 / YEARLY (est.)
min
max
$75000K
$90000K

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 Senior Property Accountant, Thomas Park

Are you looking to elevate your accounting career in a thriving environment? Look no further than Thomas Park in Annapolis, MD, where we are on the hunt for a Senior Property Accountant. In this full-time position, you'll be stepping into a pivotal role reporting directly to our Controller and managing the day-to-day of property accounting. Your expertise in Yardi will shine as you collaborate closely with property managers to ensure timely and accurate financial reporting while upholding strong internal controls. Imagine owning your own portfolio of third-party managed client accounting, preparing monthly bank reconciliations, and managing financials that impact multiple aspects of our operations. At Thomas Park, we value balance and integrity, and you’ll find that we encourage personal growth, clarity in communication, and a commitment to excellence. Not only will you be involved in coordination with department leadership, but your insights will drive improvements to our policies and processes. With competitive benefits including a 401(K) with employer match and generous paid time off, along with a salary that ranges from $75,000 to $90,000, this role offers a fantastic opportunity to thrive while working with a diverse and inclusive team. If you are passionate about real estate accounting and ready for a challenge, we would love to see you at Thomas Park!

Frequently Asked Questions (FAQs) for Senior Property Accountant Role at Thomas Park
What benefits come with the Senior Property Accountant position at Thomas Park?

In addition to a competitive salary, the Senior Property Accountant at Thomas Park enjoys a robust benefits package, including a 401(K) with employer match, various insurance options, paid time off, and paid maternity and paternity leave after one year of employment.

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Common Interview Questions for Senior Property Accountant
Can you explain your experience with Yardi and how it relates to the Senior Property Accountant position?

In responding to this question, outline your hands-on experience with Yardi. Discuss specific tasks you've managed within the software, highlighting how your background with Yardi has improved financial reporting or streamlined accounting processes for prior employers.

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Describe a challenging accounting task you handled and how you overcame it.

Prepare an example showcasing your problem-solving abilities. Detail the challenge, your analytical approach towards it, and how you implemented a solution that resulted in positive outcomes, demonstrating both your skill set and initiative.

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How do you ensure accuracy in your financial reports?

Discuss systematic approaches you use to ensure accuracy, such as double-checking entries, using reconciliation processes, or your methodologies for reviewing transactions and financial documents before submission.

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What steps do you take to maintain strong internal controls?

Outline specific strategies for identifying risks and implementing controls, such as regular audits, compliance checks, or refining processes based on observed inefficiencies, illustrating your proactive mindset.

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How have you collaborated with management to enhance accounting processes in the past?

Provide a narrative of a situation where you worked with leadership to identify areas for improvement. Highlight your role in facilitating discussions or gathering data that contributed to more effective accounting practices.

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What experience do you have preparing operating budgets?

Share specific details about your experience with budget preparation. Talk about the methods you've used to gather data and the steps taken to develop comprehensive operating budgets that align with organizational goals.

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Can you discuss your experience managing CAM and RE tax reconciliations?

Be ready to discuss your involvement in common area maintenance and real estate tax reconciliation processes. Mention any methodology, tools, or systems you employed to ensure timely and accurate outcomes in these areas.

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How do you handle deadlines and multiple financial reporting requirements?

Provide an overview of your time management skills and organizational strategies that help you keep track of deadlines and prioritize tasks effectively. Include examples if applicable.

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What are the key performance indicators you monitor in property accounting?

Discuss measures like operating expenses, vacancy rates, and rent collections. Explain how you analyze these indicators to make informed decisions and improve financial performance.

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What is your approach to handling discrepancies or errors in financial records?

Illustrate your thoroughness in verifying financial data, including documentation and communication. Highlight the steps you take to rectify discrepancies and ensure transparency in your resolutions.

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THOMAS PARK IS A FULL-SERVICE COMMERCIAL REAL ESTATE FIRM OFFERING ALTERNATIVE INVESTMENT STRATEGIES AND THIRD-PARTY COMMERCIAL REAL ESTATE SERVICES.

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Full-time, on-site
DATE POSTED
January 14, 2025

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