Description
Transwestern Real Estate Services adds value for investors, owners and occupiers of all commercial property types through comprehensive solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets and Research & Investment Analytics.
Our firm's award-winning culture and reputation for exceptional service are built on a common purpose – Empowering Good People to do Extraordinary Things Together. This unique approach, reinforced by the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence, create value for our team members and clients every day.
The Property Accountant Liaison will prepare monthly financial and capital investment reports. The Property Accountant Liaison will be expected to use the assigned real estate accounting software(s) to perform his/her tasks and analysis. Also, will act as liaison with TW and Owner accounting teams, and Property Management, to keep a strong relationship, foster communication, and ensure deadlines are met.
It is also the responsibility of the Property Accountant Liaison not only to exhibit legendary customer service when communicating with tenants, owner's, and vendors but also to focus on productivity and results.
ESSENTIAL JOB FUNCTIONS:
Act as a liaison between Property Management, the accounting department, and the owners.
Prepare monthly capital investment worksheets and provide oversight of the capital investment analysis, as needed. Obtain approvals, preparation of progress billings, and backup materials. Complete process until all invoices are entered in PAY.
Work closely with TW and Client Accounting teams to maintain strong relationships and ensure that deadlines are met.
When necessary, provide appropriate information to Property Management and assist in completing budget reforecasts.
Review and evaluate current and future cash requirements, as needed.
Monthly review of tenant accounts and pursue AR.
Work with Property Management in the preparation of the annual budget.
Produce ad hoc reports and financial analysis as required by the owners and Management team.
Review financial statements and all monthly reports, explain variances to budget and work with TW Accounting as needed.
Manage and coordinate day-to-day financial transactions including accounts receivable, accounts payable (taking advantage of all available discounts) collection of all rents, miscellaneous income, and charges, accurate and up-to-date maintenance of required financial records and files.
Assist the Property Manager in the development of property business plan with capital and operating budgets.
Demonstrate a working knowledge of budget preparation, financial and variance reporting, and the understanding of the calculations for escalations and reconciliations.
Communicate clearly and on a timely basis with project accounting personnel using and/or providing the appropriate documentation.
Review and finalize annual tenant estimates and escalations; create and enter retroactive charges/credits, as required.
Engage in further development of budget preparation, operating expense reconciliation, and monthly ownership reporting (including variance reports, executive summaries, aging reports, etc.) as needed.
Manage and coordinate day-to-day financial transactions including, accounts receivable which includes posting cash receipts, tenant bill backs, AR status reports, etc.; Accounts payable (taking advantage of all available discounts) which includes coding invoices, posting AP reports, vendor on-boarding, etc.; Collection of all rents, miscellaneous income, and charges.; Accurate and up-to-date maintenance of required financial records and files.
Additional duties as requested by Property Manager or Controller.
Review Corporate AR of properties assigned, for outstanding management fees, salaries, etc.
POSITION REQUIREMENTS:
Associates degree in Accounting or Finance, bachelor's degree preferred.
At least two (2) years of Commercial Real Estate or Third-Party accounting experience.
Intermediate Microsoft Word, Excel and Adobe Acrobat skills are required.
Should have recent real estate accounting software package experience, Preferably MRI and Yardi.
Other software such as Kardin, Payplus, Collect and AvidXchang will also be helpful.
Professional verbal and written communication skills.
Ability to keep information strictly confidential.
Strong desire to succeed in an entrepreneurial environment.
Must be able to handle multiple projects and changing priorities.
Strong customer service orientation.
Very organized, detail orientated and able to prioritize many tasks.
WORK SHIFT
LOCATION
Bethesda, MDWe Are Transwestern!
Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace diversity, equity and inclusion — not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone. Transwestern offers an exciting work environment, competitive salary and excellent benefits, which include medical, dental and vision coverage, as well as a 401(K) plan. Transwestern is an Equal Opportunity Employer.
Third Party Agencies/Vendors!
Transwestern recognizes the valued service provided by its recruitment agencies and as such have a Preferred Supplier List, which whom terms of business have been agreed. Only suppliers who have signed these terms can engage with Transwestern and its Family of Companies. If you are interested in becoming a Preferred Supplier vendor, we invite you to email us only at recruittw@transwestern.com. Please provide relevant information about your agency, and our dedicated team will carefully review and approve your submission. We will reach out if we find that there is a potential match and interest in adding your agency to our preapproved recruiting vendors list. Agreements obtained outside of this formal process will not be recognized and will be deemed invalid. We appreciate your understanding and cooperation in adhering to this established procedure. Thank you in advance.
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