Senior Client Accountant

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results.

Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at  and @Transwestern.

Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.

Transwestern is built on a common purpose - Empowering Good People to do Extraordinary Things Together. We are committed to the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence.

POSITION SUMMARY:

The Senior Client Accountant performs daily property accounting duties for assigned Properties that includes, but is not limited to, preparing financial reports, entering accrual and cash journal entries, reviewing operating statements and variance reports, preparing escalation and payable reviews, performing reconciliations and ensuring accuracy, consistency and adherence to the Management/Leasing Agreements and SOC1 controls. The Senior Client Accountant also utilizes assigned real estate accounting software (e.g., MRI, Yardi, Avid) to perform client accounting required tasks.

In addition, the Senior Client Accountant also works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, quarterly reforecasts, escalation settlements, etc., and that all property owner policies and procedures are consistently and accurately followed. The Senior Client Accountant may be responsible for one or more properties and is responsible alongside the Property Manager to ensure that accounting is performed in compliance with property lease agreements.

It is also the responsibility of the Senior Client Accountant to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors, and fellow team members.

ESSENTIAL JOB FUNCTIONS:

Note:

incumbents may, or may not, be responsible for any combination of essential position functions shown here. Functions could vary by team, location or need.

Prepare all tenant billings and adjustments according to information provided by the Property Manager (PM). Submit Commercial Management (CM) batches for review and posting.

* Review and post cash receipt batches. Maintain property cash balances.

* Review and approve all large accounts payable disbursement items (e.g., Weekly A/P batches). Submit weekly Open A/P report for weekly check-run processing.

* Review and/or prepare bank reconciliations each month for all bank accounts assigned, as necessary.

* Post the monthly Rent Roll. Ensure that changes from the prior month's Rent Roll are reasonable, e.g., current month move-in's or move-out's, rent steps, etc. Work through necessary approvals before posting.

* Review aged delinquency report for any adjustments, credits that need to be applied to open charges, and ensure that cash receipts have been properly applied to each tenants' account. Work with property management on collections, as necessary.

* Review and revise all supporting schedules with monthly charges as required by the Owner. Ensure sub ledgers and supporting schedules tie to the general ledger.

* Review the general ledger and income statement for any additional adjusting entries. Contact the PM to confirm the entries then book the entries. Prepare recurring journal entries each month, with input from property management, as necessary.

* Review financial statements and all monthly reports confirming that all supporting schedules tie to the financial reports. Work with property management to prepare financials for the report. Submit monthly financial report package to the accounting manager and property manager for review.

* Monitor property bank account cash balances.
1) Check bank account web site for balance, for ACH deposits, for bank fees, and to ensure sufficient funds are available for current AP batch;
2) Transfer funds as necessary between property cash accounts to cover check-runs.
3) Request owner funding if necessary or typical for property.
4) Prepare documentation and paperwork…