Whitestone REIT is a New York Stock Exchange ("NYSE") listed real estate investment trust ("REIT") that owns, operates, and redevelops Community Centered Properties TM . Whitestone's focus is directed towards value creation in its community centers (primary retail) by concentrating on local service-oriented tenants that comprise of approximately 70% of its tenants. Founded in 1998, the Company is internally managed with a portfolio of more than 65 commercial properties in Texas, Arizona, and Illinois, with 80 employees.
Whitestone REIT is looking for a Property Accountant to work in the Scottsdale, Arizona office. The Property Accountant will report to Assistant Controller.
Whitestone has had exceptional growth since being listed as a public company, almost tripling its asset base. The culture is performance based with an entrepreneurial leadership team. Each and every employee is incentivized with ownership and has either stock units and/or shares, along with a competitive salary and a comprehensive benefits package.
Job Function:
- Perform accounting duties and prepare financial reports;
- Reconcile portfolios;
- Work with Property Management to insure that all reporting deadlines are met (e.g., monthly operating reports, annual budgets, escalation settlements, etc.);
- Insure that all policies and procedures are consistently and accurately followed.
Primary Responsibilities:
- Review and post tenant billings, and adjust to information received from the property manager.
- Enter new and amended leases from lease abstracts into the accounting system. Ensure that the information entered agrees with the lease and the appropriate financial sections of the lease document.
- Review of job costs and maintenance of fixed asset ledgers.
- Review the monthly posting of the Rent Roll;
- Ensure that changes from the prior month Rent Roll are reasonable (e.g., current month move-ins or move-outs, rent steps, etc.);
- Review or prepare all supporting schedules;
- Ensure sub-ledgers and supporting schedules tie to the General Ledger;
- Review the General Ledger for any adjusting entries or accruals, and make all necessary journal entries.
- Review financial statements and all monthly reports, and tie all supporting schedules to the financial statements.
- Understand the budget reporting requirements and assist property management in the preparation of the annual budget.
- Prepare for annual CAM reconciliations.
Qualifications:
- Bachelor's degree in Accounting
- 3+ years of commercial real estate experience
- Proficiency in YARDI required;
- Proficiency in Microsoft required