Position: Commercial Property Accountant
Reports to: Chief Financial Officer
Location: Northeast Washington, DC; in office 5 days a week
Salary: $80K-$95K based on experience
Benefits: Performance-based bonuses; comprehensive health, dental, and vision insurance; 401k with company match; paid time off and 12 paid company holidays; professional development and career growth opportunities.
The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close-in suburbs, Hyattsville, MD, and Arlington, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors.
The Commercial Property Accountant is responsible for full cycle, day-to-day property accounting functions, including accounts receivable, accounts payable, general ledger, month-end close, account reconciliations, fixed assets, CAM reconciliations, financial reporting, and monthly reporting procedures for a group of assigned commercial properties.
Responsibilities
Financial Accounting and Reporting:
- Prepare and maintain accurate financial statements, including income statements, balance sheets, and cash flow statements in an audit ready format
- Maintain financial controls, processes, and procedures to ensure the company maintains high compliance with GAAP
- Preparation of timely and accurate monthly, quarterly, and annual financial reporting
- Review Bank Reconciliations and Intercompany tie outs
- Prepare General Ledger Posting, Recurring, and Reclass Entries
- Prepare appropriate Workpapers and Roll forwards for All Balance Sheet Accounts
- Track closing calendar and checklist on a monthly schedule
- Review reporting current vs prior and actual vs budget
- Prepare annual CAM reconciliations for commercial tenants
Accounts Payable:
- Work with Commercial Property Manager to follow up on vendor inquiries and disputes
- Review balance sheet related Accounts Payable ensuring timely payment of bills and expenses
- Follow up with Commercial Property Manager on outstanding AP
- Monitor and report daily cash balances
- Ensure priority expenditures are processed i.e., mortgage, tax, utilities
Accounts Receivable
- Review lease charges and track rental payments
- Run Rent Roll and AR Aging to determine posting discrepancies impacting the Tenant Ledger
- Assist in identifying and resolving payment application issues
- Drive delinquency solutions across departments for timely resolution
Lease & Loan Administration:
- Review and analyze lease and loan agreements for financial implications
- Ensure accurate lease accounting and revenue recognition
Communication and Coordination:
- Collaborate with Commercial Property Manager to provide financial insights and decision-making support
- Prepare annual audit packages for all assigned properties to assist with audits, reviews, compilations, and tax return preparation
- Liaise with external CPA firm on matters related to the annual audits and tax returns
- Lead acquisition and disposition accounting activities
Qualifications:
- BA/BS in Accounting or Finance with 5+ years of commercial real estate accounting experience with preference in accounting management and/or controller role.
- Previous experience in a development and construction environment is highly desired.
- A thorough knowledge of GAAP is required.
- Strong communication and interpersonal skills, both verbal and written.
- Exemplary problem-solving and analytic skills.
- A strong sense of accountability and thrives in a collaborative environment.
- Excellent organizational and prioritization skills with a keen sense of urgency, works well under pressure, and consistently meets deadlines.
- Advanced Microsoft Office skills, particularly Word and Excel.
- Knowledge of Yardi software is highly desirable.
- CPA or CMA certification is preferred but not required.
The UIP Companies, Inc. is an Equal Opportunity Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, protected Veteran status, or any other applicable legally protected characteristics.
