Client Accountant

About the role

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 transwestern.com 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 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 Client Accountant also utilizes assigned real estate accounting software (e.g., MRI, Yardi) to perform client accounting required tasks. In addition, the Client Accountant also works with property management to ensure that all reporting deadlines are met, e.g., monthly operating reports, annual budgets, escalation settlements, etc., and that all property owner policies and procedures are consistently and accurately followed. The Client Accountant may be responsible for one or more properties. This position does not manage or supervise. It is also the responsibility of the Client Accountant to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members. ESSENTIAL JOB FUNCTIONS: Review 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 entered by Client Accounting Associate. 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. Review or post the monthly posting of the Rent Roll by property management. 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. 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. 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. Review financial statements and all monthly reports confirming that all supporting schedules tie to the financial reports. Submit monthly financial report package to the accounting manager for review. Monitor property bank account cash balances. Assist in review of prior year CAM, real estate tax escalation reconciliations and answering questions from Auditors as needed. Prepare calculation for owner distribution based on owner requirements and time schedule. Initiate monthly owner distribution as set forth in the Property Management Agreement. Prepare monthly rent-up reports to send to the property manager for review. Post rent-ups after the property manager sends approvals. Make corrections/adjustments on tenant ledger as directed. Ensure timely payment of mortgages and property taxes. Calculate the monthly Management Fee and/or Incentive Management Fee due Transwestern, including all required documents for backup. Maintain scanned copies of monthly financial reporting packages, bank statements and reconciliations. Load all required documents into OneSpace.