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Property Lease Accountant

Posted May 16, 2022

Koury Corporation
Greensboro, NC
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About This Job

Job Summary

Property Lease Accountant is responsible for multiple accounting duties in the Corporate Accounting Department. These responsibilities include ensuring accuracy of leases in the accounting system, processing tenant charges and payments, working with team to resolve tenant collection issues, recording hotel daily revenue and third party reporting into corporate books and records.

Experience and Attributes

3 to 5 years of accounting experience is required, experience in real estate specifically lease administration and analysis is desired. Individuals should have strong interpersonal, written and verbal communication skills with the ability to be a team player.

Responsibilities

Cash Management

• Prepare daily liquidity reports and associated transfers

• Transmit all deposits via Remote Deposit Service

• Properly generate tenant charges and apply tenant payments

• Prepare and enter into Accounts Receivable service management deposits

• Record bank transfers

Lease Accounting

• Review and properly set up leases in Accounting system from lease administration

• Prepare annual TICAM reconciliations and billings

• Communicate with tenants to resolve discrepancies with outstanding amounts

• Track tenant sales reporting

General Ledger

• Reconcile and record daily revenue from hospitality division

• Reconcile and record third party reporting monthly

• Assist with Accounts Receivable and Service Management as necessary

Monthly Reporting

• Prepaid asset tracking and amortization

• Fixed Asset reporting

• Reconcile accounts for month end close

• Coordinate and lead monthly collection meeting

Annual

• Prepare and review budget templates for annual budget review

Ad Hoc Transactions and Analysis

• Record transactions acquisitions and dispositions

• Enter journal entries into General Ledger as needed/requested

• Analyze accounts as needed/requested

• Research miscellaneous items as needed/requested

• Other duties as assigned

Requirements

• Ability to demonstrate close attention to detail

• Proficient in MS office with strong knowledge of and experience in Excel

• Experience with SAGE 300CRE and BNA fixed asset software preferred

• Experience and aptitude to perform detailed work within an accounting system

• Bachelor’s degree required with a preference for an Accounting major

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About this Employer

Koury Corporation

2275 Vanstory Street, Suite 200
Greensboro, NC 27403

(336) 299-9200

Management Company

www.kourycorp.com

The Koury Difference

Pioneering Vision. Storied Results

Over six decades of experience developing hospitality, retail, office & industrial and residential properties throughout Greensboro, North Carolina distinguishes Koury Corporation as both an early pioneer and modern day innovator.  Focusing on customer service, we’ve chosen to develop, lease and manage only our own properties, doing so with the highest level of integrity and a long-term view.  Our fully integrated business platform sets us apart and benefits our customers with the constant support of a dedicated and experienced team of architectural, construction, facilities, property management and leasing professionals.  These are the ideals established by our founder, Joseph S. Koury, and those which guide us today.