Property Accountant

Property Accountant (Retail Portfolio)

Houston, TX | Hybrid

Salary range: $85,000 – $95,000/yr

Hybrid schedule (first 90-100 days in office, then 2–3 days/week hybrid)

Strong benefits package including generous PTO

A growing real estate organization is adding a Property Accountant to support an expanding retail portfolio. This role is built for someone who understands that no two leases are the same—and knows how to translate complex lease terms into clean, accurate financials.

You’ll take ownership of a portfolio of commercial properties, working closely with property management and accounting leadership to ensure reporting is timely, accurate, and aligned with GAAP. This is a hands-on role where attention to detail and comfort navigating lease variability are critical.

What You’ll Be Doing

You’ll manage the full accounting cycle for your assigned properties, with a focus on accuracy, consistency, and meeting reporting deadlines.

Core responsibilities include:

• Maintaining lease data and tenant activity within MRI
• Reviewing and posting invoices, cash receipts, and tenant billings
• Preparing monthly financial packages and analyzing variances
• Recording journal entries, including recurring and ad hoc accruals
• Reconciling balance sheet accounts and resolving discrepancies
• Calculating percentage rent and supporting tenant billbacks
• Assisting with collections and working through outstanding balances

You’ll also play a key role in Common Area Maintenance (CAM) reconciliations, annual tenant recoveries, and budget support. This includes partnering with operations to ensure expenses, tax escrows, and funding schedules align with lease terms and annual projections.

While this role is focused on property-level accounting, you’ll contribute to year-end close and audit support, helping ensure financials hold up under scrutiny.

What Makes This Role Different

This is not a high-volume, cookie-cutter accounting job. Retail and office leases come with nuance—co-tenancy clauses, variable rent structures, recoveries—and success here depends on your ability to interpret lease language and apply it correctly in the financials.

You’ll report directly to a Property Accounting Manager and work within a team where each accountant owns their portfolio, creating clear accountability while still having support when needed.

What They’re Looking For

• 3+ years of property accounting experience within retail or commercial real estate
• Strong understanding of GAAP and lease-driven accounting concepts
• Experience with tenant recoveries, CAM, straight-line rent, and percentage rent
• Proficiency with MRI or similar real estate accounting systems
• Advanced Excel skills and comfort working with detailed datasets

Just as important: the ability to stay organized across multiple properties, communicate clearly with both accounting and operations teams, and manage deadlines without sacrificing accuracy.

Why This Role Matters

The portfolio is growing, and this position is critical to keeping financial reporting tight across a diverse set of retail assets. The team is prioritizing quality over speed—they’re looking for someone who can step in, take ownership, and grow with the business long-term.