Position: Property Accountant
Location: Houston, TX
About the Role
The Property Accountant position will lead the accounting and reporting functions for several Operating Properties. This role also administers various legal agreements (including Loan Agreement, Partnership Agreement, Property Management Agreement) and maintains a strong relationship with everyone involved in the Properties. The ability to adapt and pivot in a fast-paced, growth-oriented company is an important skill.
Primary responsibilities include, but are not limited to:
- Month-end Close and Reporting: Including preparation and review of journal entries, account reconciliations, and financial reporting packages. General knowledge of the different accounting standards is needed (GAAP, IFRS, Tax, and Cash).
- Operational Properties: Help transition projects from development to operations or set up acquired properties, financial reporting, strong knowledge on lease accounting and operating expense reconciliations, budgets and variances.
- Treasury: Ensure funding is received and invoices processed timely, assist with cash flow projections, assist with draws/capital calls/deposits/acquisitions/distributions.
- Projects: Assist with ad hoc projects (such as accounting system implementation, new process implementation)
Qualifications
- Minimum of 2-5 years of experience in commercial real estate accounting (property management and/or development)
- Bachelor’s degree in accounting from an accredited university; CPA preferred
- Intermediate knowledge of Microsoft Excel; applicable experience in real estate accounting software packages, preferably with MRI and/or Yardi
- Demonstrate strong analytical and organizational skills with a high attention to detail
- Ability to handle a dynamic work environment with competing priorities
- Deadline-oriented
- Strong verbal and written communication skills. Communicate effectively with clients,internal and external auditors, tax preparers and team members as required
- Ability to provide efficient, timely, reliable and courteous service to internal and external customers
- Self-starter and problem solver
- Team player who embraces collaboration
Lovett Industrial Overview
Lovett Industrial is a vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality in markets across the U.S. In every project we undertake, we strive to ensure maximum efficiency and functionality, while also preserving an outstanding corporate image on behalf of our tenants. We are a customer focused real estate company that is driven by building partnerships with our tenants, and we strive to provide a level of service and quality that is unmatched in the industry. Our dedicated team of experienced real estate professionals are our strongest asset and collective experience encompasses more than 25 million square feet of industrial real estate, and more than $2 billion of projects successfully completed. The company’s pipeline of current and future projects encompasses approximately 12 million square feet of space and more than $1 billion in managed cost.