Senior Property Accountant
Newmark · Memphis
Under direct supervision from the Assistant Controller/Manager, responsible for accounting duties of a complex nature in support of accounting functions for a portfolio of properties. Responsible for the preparation of monthly financial reporting including but not limited to; journal entry calculation and posting, accruals, balance sheet account analyses, and bank reconciliations. Interacts closely with internal and external clients responding timely and accurately to any inquiries.
Newmark’s client accounting professionals provide services for a variety of investor and corporate properties, including high-end retail, commercial and industrial portfolios.
Benefits of working in Real Estate Accounting for Newmark include flexible work arrangements, including hybrid work schedule. Annual department wide morale/recognition event and team building events, and a comprehensive benefits package.
- Complete full-cycle accounting for a portfolio of commercial real estate properties.
- Responsible for the preparation of the daily, monthly, quarterly and annual financial/accounting activities and all financial statements and reporting.
- Provide a high level of customer service to the property managers and clients associated with your portfolio of properties.
- You will be part of the development of new process improvements and the ability to train new employees as needed, leveraging your advanced accounting skills.
- Work closely with Controller/Assistant Controller on day-to-day functions.
- Mentor and develop newer accounting team members to ensure growth and cross training within the department.
- May be asked to review reports prepared by other property accountants to ensure accuracy and completeness.
- May Assist property managers with budget preparation.
- May Assist property managers with CAM reconciliations or be responsible for completing the CAM reconciliations or calculating and posting monthly/quarterly CAM true-up entries
- Responsible for assisting with client audits by providing requested documents and answering questions.
- Responsible for providing internal audit samples for SOC1 audit
- Coordinates accounting matters with other departments, locations and divisions.
- Partners with property managers to ensure financials are accurate and delivered timely, directly impacting client satisfaction.
- Ensures all expenses, receipts, distributions, funding requests, and other accounting transactions for the period are accurately recorded.
- Reviews and audits financial information to ensure compliance with established procedures and accounting principles.
- Responds to and resolves issues and requests from property management teams and clients. Research open accounting issues and recognizes potential issues and/or conflicts and implements solutions.
- May participate in budget and forecasting functions for assigned property portfolio.
- Participating in accounting consulting assignments for our clients and assists in the on-boarding and transition of properties.
SKILLS, EDUCATION AND EXPERIENCE:
- Bachelor’s degree required, preferably in accounting or equivalent experience.
- Minimum of 3-5 years of previous accounting experience.
- Proficient in Microsoft Office Suite applications, including Microsoft Excel and Outlook
- Experience with a computerized ERP system required, experience with Yardi or MRI system a plus.
- Experience with full-cycle accounting and the preparation of financial statement packages.
- Effective interpersonal, verbal and written communication skills.
- Understanding of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations.
- Works effectively in a team environment through collaboration and partnership. Customer service oriented with an aspiration to succeed with the client in mind.
- Ability to analyze and problem solve effectively by offering solutions to resolve issues.
- Ability to read and understand complex documents such as lease agreement and property management agreements.
- May perform other duties as assigned
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.