Associate, Property Financial Services at CIM Group (Phoenix, AZ)

| Phoenix – Mesa – Scottsdale, AZ
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The Property Accountant is responsible for property accounting duties as well as accounts receivable processes for the Asset Financial Services Department.

ESSENTIAL FUNCTIONS:

  • Assist in the lease administration process, including review of all leasing activity, reporting and abstract preparation. Where necessary assist in the posting of tenant rents. 
  • Maintain accurate, up to date tenant ledgers and coordinate timely receivable collections with Property Management. 
  • Review aging reports and expense ledgers to identify and recommend monthly accruals and/or potential reclassifications. 
  • Analyze AR with Property Management to perform write-offs, determining bad debt recommendations, completing write-offs, and ensuring the timing and accuracy of move-ins/outs. 
  • Prepare and distribute annual CAM reconciliations.
  • Review and resolve tenant CAM and ledger audits.
  • Assist in review and preparation of annual budgets, forecasts and narrative and make recommendations as needed.
  • Receive and deposit tenant checks, review and reconcile ACH and lockbox receipts via various bank portals, post receipts to open charges and prepare deposits; review prepayments and post application to open charges. 
  • Review payables for accuracy, including proper allocation between entities, correct coding to general ledger accounts and correct invoice information.
  • Perform bank reconciliations and AR related tie outs.
  • Perform AR tie outs for various projects with banking institutions.
  • Collaborate with buyers, sellers and Legal to prepare prorations and assist with closing statements for dispositions and acquisitions.
  • Perform updates to BNA systems for tax analysis and fixed asset analysis for assets in multiple funds. 

NON-ESSENTIAL FUNCTIONS:

  • Operate standard office equipment. 
  • Respond to and resolve property issues and needs on short notice when needed. 

EDUCATION/EXPERIENCE REQUIREMENTS:

  • Bachelor's degree in Accounting or Related Field. 
  • Entry level to 2 years of accounting or related experience.
  • Real estate/property management experience preferred.

COMMUNICATION SKILL REQUIREMENTS:

  • Ability to read, analyze and interpret complex agreements.
  • Ability to communicate effectively, both written and verbal.
  • Ability to read and comprehend instructions, short correspondence and memos.
  • Ability to write professional correspondence and/or reports
  • Ability to effectively present information to customers, clients and other employees of the organization.

MATHEMATICAL SKILL REQUIREMENTS:

  • Arithmetic

REASONING SKILL REQUIREMENTS:

  • Highly analytical and detail oriented.
  • Deadline driven and ability to manage multiple tasks.
  • Ability to work independently while promoting teamwork.
  • Organizational and prioritizing skills. 

TECHNICAL SKILL REQUIREMENTS:

  • Proficient in Microsoft Office, especially Excel and Word. 
  • Knowledge of GAAP accounting. 
  • Familiar with property management functions.
  • Experience in Yardi, MRI or comparable software.

PERFORMANCE METRICS:

  • Accuracy in work product.
  • Timeliness in completion of work product.
  • Feedback from clients, peers, customers and other key contacts on effectiveness of the incumbent.

CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.

More Information on CIM Group
CIM Group operates in the Real Estate industry. The company is located in Los Angeles, CA, Oakland , CA, Phoenix, AZ, Dallas, TX, Chicago, IL, Bethesda, MD and New York, NY. CIM Group was founded in 1994. It has 878 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 48 open jobs at CIM Group, click here.
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