Property Accountant - CAM Reconciliation
Relay Human Cloud · Vadodara · onsite · Posted 1d ago
Undisclosed2–5 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Overview
We are seeking a detail-oriented Property Accountant with experience in commercial real estate accounting and CAM (Common Area Maintenance) reconciliation. The role will be responsible for maintaining accurate property-level financial records, preparing annual CAM reconciliations, reviewing tenant recoveries, and ensuring compliance with lease terms and accounting policies.
Duties & Responsibilities
- Prepare and review annual CAM reconciliations for commercial properties.
- Analyze property operating expenses and allocate recoverable costs to tenants based on lease provisions.
- Review tenant leases to determine CAM, property tax, insurance, and other recoverable expenses.
- Calculate tenant share percentages, gross-ups, caps, exclusions, and lease-specific adjustments.
- Reconcile actual property expenses against tenant estimates and identify underpayments or overpayments.
- Prepare tenant reconciliation statements and supporting schedules.
- Coordinate with Property Managers, Lease Administration, Accounts Payable, and Accounts Receivable teams to resolve discrepancies.
- Review general ledger accounts to ensure expenses are correctly classified and allocated.
- Perform monthly bank, balance sheet, and property-level account reconciliations as required.
- Maintain accurate tenant billing and recovery records.
- Assist with tenant inquiries related to CAM charges and reconciliation statements.
- Investigate variances between budgeted and actual operating expenses.
- Support annual budgeting and forecasting of property operating expenses and tenant recoveries.
- Ensure reconciliation calculations comply with lease terms and internal accounting procedures.
- Prepare audit schedules and provide supporting documentation for internal and external audits.
- Maintain organized lease abstracts, invoices, reconciliations, and tenant recovery records.
- Identify process improvements to enhance the accuracy and efficiency of CAM reconciliation. Education & Training
- Relevant training or knowledge in accounting, finance, commercial lease accounting, and property accounting is beneficial.
- Practical knowledge of CAM reconciliation, tenant recoveries, and lease interpretation is required.
- Excel training covering Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and financial analysis is beneficial.
- Familiarity with property accounting software such as Yardi, MRI, or RealPage is preferred.
- Knowledge of U.S. GAAP and commercial real estate accounting practices is preferred. Knowledge, Skills & Experience
- Strong understanding of commercial lease accounting and tenant recoveries.
- Experience with CAM reconciliation, property taxes, insurance recoveries, and operating expense reconciliations.
- Ability to interpret lease clauses and accurately apply recovery provisions.
- Strong knowledge of tenant share percentages, gross-ups, expense caps, exclusions, and lease-specific adjustments.
- Proficiency in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic financial analysis.
- Good understanding of General Ledger, Accounts Payable, and Accounts Receivable processes.
- Ability to reconcile actual expenses against estimates and investigate variances.
- Strong analytical, problem-solving, and numerical accuracy skills.
- Excellent attention to detail and organizational skills.
- Ability to maintain accurate financial records and audit-ready documentation.
- Good written and verbal communication skills.
- Ability to coordinate effectively with Property Management, Lease Administration, AP, and AR teams.
- Familiarity with Yardi, MRI, RealPage, or similar property accounting systems is preferred.
- Knowledge of U.S. GAAP and commercial real estate accounting practices is preferred.
- Experience supporting year-end CAM reconciliations and audit activities is preferred.
", "location": "India", "type": "Full-Time", "department": "Accounting", "country_
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Accounts Payablefinancial recordsauditsaccountantAPAnnual BudgetingAccounts ReceivableCommunication SkillsAdministrationfinancial analysisBudgetingAccountingcompliancefinanceCommercial Real EstateBalance Sheet
About Relay Human Cloud
Relay Human Cloud
Management Consulting
280
employees
2021
5 years old
Dallas, Texas
US
₹4.4L PA avg
Avg at Relay Human Cloud
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