Kuester Real Estate Services
Location: Fort Mill, SC 29708
Job description:
The Property Accountant will play a key role in supporting the financial operations of Kuester Real Estate Services. This individual will be responsible for day-to-day accounting functions, with a strong focus on accounts payable processing, CAM reconciliations, monthly reporting, and both investor- and property-level distributions. The role also includes assisting the Controller with higher-level financial tasks, audits, and coordination with outside CPA firms for tax return preparation. The ideal candidate is detail-oriented, deadline-driven, and familiar with the unique accounting requirements of real estate property management and development.
Key Responsibilities
Accounts Payable (AP):
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Process vendor invoices and payments accurately and timely using AvidPay and other payment platforms.
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Review and reconcile vendor statements, resolve discrepancies, and maintain vendor records.
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Ensure proper coding of invoices to properties, GL accounts, and cost centers
Property Accounting:
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Prepare and review monthly financials for assigned properties, including accruals and variance analysis.
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Perform Common Area Maintenance (CAM) reconciliations for commercial properties, ensuring compliance with lease agreements.
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Reconcile tenant charges and bill-backs such as utilities, insurance, and tax reimbursements.
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Assist in preparing annual budgets and forecasts for properties.
Reporting & Distributions:
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Prepare and distribute monthly reporting packages to management, owners, and investors.
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Develop and maintain property-level and portfolio-level budgeting models to track performance against projections.
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Prepare cash flow reports and forecasts to ensure adequate liquidity for operations, debt service, and distributions.
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Calculate and process monthly and quarterly investor distributions in accordance with ownership agreements.
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Manage property-level distributions, including owner draws, preferred returns, and waterfall calculations.
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Maintain accurate records of distribution schedules, investor contributions, and returns.
General Ledger (GL):
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Record journal entries, bank reconciliations, and intercompany transactions.
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Support month-end and year-end close processes.
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Assist with preparation of quarterly and annual financial reports.
Tax Coordination & Compliance:
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Work directly with outside CPA firms to provide supporting documentation for annual tax returns.
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Coordinate tax schedules, ownership details, and property-level financials for timely filing.
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Ensure accounting records align with tax reporting requirements.
Assisting the Controller:
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Provide direct support to the Controller in preparing consolidated reports, investor communications, and lender packages.
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Assist in monitoring cash flow, loan compliance, and corporate reporting.
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Support internal and external audits, ensuring timely delivery of requested schedules and reconciliations.
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Collaborate with the Controller on special projects, system improvements, and process standardization.
Process Improvement:
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Maintain proper documentation and support for audits and internal reviews.
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Identify and implement process improvements to increase accuracy and efficiency.
Qualifications
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Bachelor’s degree in Accounting, Finance, or related field (or equivalent work experience).
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3+ years of accounting experience, preferably in real estate, property management, or development.
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Experience with AvidPay or similar AP automation/payment systems.
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Strong understanding of CAM reconciliations, tenant billing, monthly reporting, investor/property distributions, and tax preparation support.
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Proficiency in Microsoft Excel and accounting software (experience with Rent Manager is a plus).
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Strong organizational skills, with attention to detail and ability to manage multiple priorities.
Preferred Skills
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Knowledge of commercial and multifamily property accounting.
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Ability to analyze lease terms for financial implications.
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Experience preparing investor reports or lender compliance packages.
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Prior experience supporting CPA firms during tax season.
Benefits
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Competitive salary, commensurate with experience.
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Health insurance options with employer contributions.
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Paid time off and company-recognized holidays.
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Opportunities for growth within a dynamic and expanding real estate firm.
Job Type: Full-time
Benefits:
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Dental insurance
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Disability insurance
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Flexible spending account
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Health insurance
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Life insurance
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Paid sick time
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Paid time off
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Professional development assistance
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Vision insurance
Education: Bachelor's (Required)
Experience: Accounting: 3 years (Required)
