Property Accountant at Rocket Companies

Detroit, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Mar, 26

Salary

0.0

Posted On

06 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Financial Reporting, General Ledger, GAAP Compliance, Fixed Asset Management, Cash Flow Projections, Budget Preparation, Analytical Skills, Excel Proficiency, Communication Skills, Organizational Skills, Invoice Processing, Tenant Billing, Mortgage Payments, CAM Reconciliation, Audit Preparation

Industry

Financial Services

Description

About Bedrock Bedrock is an award-winning real estate developer focused on comprehensive city building initiatives in Detroit and Cleveland. Its work includes creating iconic cityscapes, rehabilitating historic properties and making space for the community—all with the philosophy to operate for more than profit. Since 2011, Bedrock has invested and committed more than $7.5 billion to develop and restore more than 140 properties, totaling over 21 million square feet of office, retail, residential, hospitality, industrial, data centers and parking. In 2024, Bedrock was named one of the world’s Most Innovative Companies by Fast Company. For additional information about Bedrock, please visit BedrockDetroit.com or connect with us on Facebook, Instagram, LinkedIn and X. Job Summary As a Property Accountant with our Property Accounting Team here at Bedrock, you will be responsible for the day-to-day accrual based accounting for all assigned commercial and residential properties and related entities. This position is required to interact daily with the VP of Accounting, Controller, Accounting Manager, other members of the accounting department, with members of the asset and property management teams, and with members from the various departments of the Bedrock team as required. Responsibilities Complete the monthly financial reporting packages, including the preparation and analysis of the balance sheet and income statement with budget variance narratives Responsible for the accuracy of the General Ledger and entity records Review and create all journal entries and prepare/post complex adjusting and closing journal entries as necessary to be in compliance with GAAP Prepare and update fixed asset amortization and depreciation schedules Keep and update work papers that substantiate monthly reporting and for the annual financial audit and tax returns Review and post tenant work orders and utility billings Review and code all invoices in paperless accounting system Verify and process monthly mortgage and interest payments to lenders Calculate and process management fees Monitor cash balances to determine the disbursement of funds and necessity for cash funding Prepare bank and account reconciliations Prepare schedules as necessary for cash flow projections and financial analyses Prepare the annual budget for all entities related to your portfolio Review lease documentation and ensure that all charges are billed pursuant to the terms Calculate CAM estimates and complete the CAM Reconciliation process for properties Monitor and supervise third party financial reporting on parking garages Create miscellaneous reports as needed by team leaders, property managers, lenders, accountants/auditors, tenants and vendors Qualifications 2 years of accounting experience, or 1 year in a property accountant role Accounting experience in commercial real estate, hospitality, or related industries required Bachelor's degree in Business or related preferred Strong analytical skills Strong computer skills in Excel Effectively communicate, both verbally and in written correspondence Organize and complete multiple tasks Work Environment Bedrock is an in-person, five-day-a-week workplace. All team members are expected to work on site Monday through Friday during standard business hours, unless otherwise specified by their role or designated shift. Some roles may have flexibility to work remotely on Fridays, based on the nature of the work and business needs. This flexibility is granted at the discretion of the Company and may be adjusted at any time. Disclaimer This job description should not be construed as an exhaustive list of duties and responsibilities performed by persons assigned to this classification. It is not intended to limit or in any way modify the right of any supervisor or manager to assign, direct and control the work of employees under his/her supervision. All principal duties and responsibilities of this position are essential functions of the position. Job descriptions are reviewed on a regular basis and may be revised at any time. Revisions will be communicated to employees within the classification. This job description does not constitute a contract of employment; therefore, the company may exercise its employment-at-will rights at any time. Bedrock is an equal-opportunity employer. As part of the ecosystem of Rocket® we transform talented candidates into passionate team members who thrive in our world of opportunities. Join us in our mission to shape the future of our industries and make a lasting impact in our communities and beyond.

Responsibilities

The Property Accountant is responsible for the day-to-day accrual-based accounting for assigned commercial and residential properties. This includes preparing financial reporting packages, maintaining the General Ledger, and ensuring compliance with GAAP.