Benefits

Job Description

The Senior Property Accountant will be responsible for managing and executing various property accounting functions related to lease transactions and tenant reconciliations. This role involves participating in monthly and quarterly financial processes, preparing reports, and ensuring compliance with accounting standards. The ideal candidate should possess strong analytical skills, attention to detail, and the ability to communicate effectively with tenants and internal stakeholders.

Tenant Revenue Oversight:

Execute the monthly rent up process, ensuring all rental income is recorded correctly
Perform monthly bank reconciliation, ensuring all transactions are accurately recorded and discrepancies are resolved
Conduct comprehensive reconciliations for Common Area Maintenance (CAM) charges, tenant expenses, and operating expenses
Address and resolve tenant inquiries related to operating expenses and works closely with PM and AR team to ensure timely resolution
Monitors and reconcile prepaid rent and percentage rent postings in the Cash Management system

Property Tax Management:

Oversee property tax process to ensure that tax accruals, payments, and tenant tax reconciliations align with expectations
Works with tax accountant to facilitate communication between tenants, tax authorities, consultants, property managers, and other relevant parties to ensure comprehensive tax management
Review payment packages and coding for all Ryan Tax approval reports, ensuring accuracy and compliance

Reporting and Compliance:

Maintain and update the Foregone Lease Cost (FLC) schedule
Review quarterly CM batches to ensure all transactions are properly recorded and reconciled.
Enter GL JE's accurately and timely as a Senior Accountant and process quarterly entries related to tenant revenue and expenses accounts
Conduct quarterly reconciliations of all relevant accounts, ensuring accuracy and compliance with accounting standards
Manage and execute quarterly payments related to mall operations, ensuring timely and accurate processing
Prepare memos related to the acquisition, modification, and disposition of leases

Financial Analysis:

Conduct financial analysis related to tenant rent collections, base rent percentages, and tenant deferral agreements
Prepares and analyzes the collections report to monitor outstanding payments and ensure timely collections and present it to the company in a timely manner

Collaboration and Communication:

Collaborate with cross-functional teams, including Acquisition, Property Management, Asset Management, and Real Estate Legal, to optimize financial and operational performance.
Ensure effective communication with internal and external stakeholders

EDUCATION AND EXPERIENCE

Bachelor’s degree in accounting, Finance, or related field
Minimum of 4-6 years of experience in property accounting
Strong knowledge of GAAP and lease accounting standards
Proficiency in accounting software and Microsoft Office Suite, particularly Excel
Excellent analytical and problem-solving skills
Strong attention to detail and organizational skills; self-starter
Effective communication and interpersonal skills
Ability to work independently and as part of a team
Experience with publicly traded companies, REITs, or the real estate industry preferred
Experience with internal controls and supporting SOX requirements preferred
MRI/Yardi or other Property Management software a plus

About Us

Four Corners Property Trust, Inc. (“FCPT” or the “Company”) was launched in 2015 and is a ~$3 billion (enterprise value) publicly traded net-lease REIT with over 1,100 properties.  The Company’s entrepreneurial culture combines a start-up environment with the backing and stability of a well-capitalized balance sheet and a strong, experienced management team. At FCPT, we promote a culture that encourages both personal and professional growth for all employees and emphasizes the importance of work-life balance.   

FCPT prioritizes and celebrates its employees by providing a world class benefit package and employee experience at work. Highlights include 90-100% medical, dental, and vision plan premiums paid by company, 401k match, employee bonus program, participation in employee stock plan, gym membership reimbursement, emotional wellness program, meals in the office, among many other perks.

FCPT also focuses on creating an amazing workplace that encourages employees to learn and grow in their role, no matter what they do for the company. If you have career interests - we want to help you find and support your journey.

(Salary disclosure: $95,000 - $110,000)

FCPT is an equal-opportunity employer. In accordance with applicable law, we prohibit discrimination and harassment against team members, applicants for employment, individuals providing services in the workplace pursuant to a contract, unpaid interns and volunteers based on their actual or perceived: race (including traits historically associated with race, such as hair texture and protective hairstyles), religious creed, color, national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status (including registered domestic partnership status), sex and gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity and gender expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), age (40 and over), sexual orientation, Civil Air Patrol status, military and veteran status, and any other consideration protected by federal, state or local law (collectively referred to as "protected characteristics").

Accounting / Control

Full Time

FCPT

Four Corners Property Trust

• 1-100 employees

A a Real Estate Investment Trust, we’re your reliable partner in owning, acquiring, and leasing retail properties on a net basis.

Our primary goal is to create long-term shareholder value through the growth of our asset base and the payment of consistent dividends. To achieve this goal, we pursue a business strategy focused on opportunistic, stable acquisitions and tenant diversification.

FCPT (NYSE: FCPT) was spun out of Darden Restaurants (NYSE: DRI) as an independent, publicly-traded real estate investment trust. Since that transaction, FCPT has grown steadily while maintaining one of the highest quality net-leased portfolios in the industry. FCPT continues to expand its national footprint, focusing on the long term, creating continued value for its shareholders, and investing in its people.

Our team’s diverse backgrounds and expertise contribute to our creative and analytical approach. We invest in our employees and position them for success in a collaborative and supportive environment.

Learn more about this company

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