Senior Property Accountant

MCB Real Estate ("MCB") is a privately held, fully integrated national real estate investment and development firm headquartered in Baltimore, Maryland. As a vertically integrated organization with in-house development, construction, and commercial property management capabilities, MCB is involved in every stage of the real estate investment lifecycle. MCB manages approximately $4 billion in real estate assets on behalf of a primarily institutional investor base.

MCB provides equal employment opportunities to all employees and applicants for employment and prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. 

Additionally, we are committed to fostering, cultivating, and preserving a culture of diversity, equity and inclusion. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. 

This employment practice applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. 

POSITION OVERVIEW

The Senior Property Accountant is responsible for overseeing the accounting, financial reporting, and cash management activities for an assigned portfolio of commercial real estate assets. This role is responsible for the timely and accurate completion of monthly financial reporting, account reconciliations, budgeting support, variance analysis, and operational accounting functions across the portfolio.

The Senior Property Accountant serves as a key partner to Property Management, Asset Management, Lease Administration, and other internal stakeholders, providing financial insight, ensuring strong internal controls, and supporting informed business decision-making. The ideal candidate possesses strong commercial real estate accounting experience, a collaborative mindset, and the ability to independently manage multiple priorities in a fast-paced environment while driving process improvements and operational efficiencies.

This position is responsible for the full range of accounting processes and financial reporting for a portfolio of commercial, development, and residential real estate assets. This role will partner directly with property managers, asset managers, and third-party management companies.

KEY RESPONSIBILITIES

Financial Reporting & Month-End Close

• Prepare and review monthly journal entries, accruals, and account reconciliations for assigned properties

• Maintain responsibility for the accuracy and integrity of property general ledgers and financial records

• Lead the monthly, quarterly, and annual financial close processes for an assigned portfolio

• Prepare and review monthly financial statements, supporting schedules, variance analyses, and management reporting packages

• Research, analyze, and resolve accounting discrepancies, unusual account activity, and complex accounting issues

• Ensure transactions are recorded in accordance with GAAP and company accounting policies and procedures

• Review and analyze operating results and communicate key financial trends and risks to management

Cash Management & Property Accounting Operations

• Monitor property cash balances and support cash management and forecasting activities

• Review monthly bank reconciliations and ensure timely resolution of reconciling items

• Review accounts payable activity to ensure appropriate coding, approvals, and expense recognition

• Maintain oversight of accounting records related to fixed assets, prepaid expenses, accruals, escrows, reserves, and security deposits

• Monitor accounts receivable balances, collection activity, and aging trends in coordination with Property Management teams

• Evaluate and recommend improvements to accounting workflows and internal controls

Budgeting, Forecasting & Financial Analysis

• Analyze budget-to-actual results and prepare detailed variance explanations for management and ownership reporting

• Partner with Property Managers and Asset Managers to provide financial analysis and operational support

• Prepare recurring and ad hoc financial analyses to support asset performance and strategic decision-making

• Assist management in identifying operational risks and opportunities through financial reporting and analysis

Acquisition, Disposition & Reporting Support

• Lead financial onboarding activities for newly acquired properties, including account setup, balance sheet review, and integration into existing reporting processes

• Support accounting activities related to property acquisitions, dispositions, refinancing transactions, and ownership transfers

• Prepare and review lender, ownership, investor, and other recurring financial reporting packages

• Coordinate audit requests and prepare year-end support schedules and workpapers

• Assist with property-level audits, tax reporting support, and other compliance-related requirements

Collaboration, Leadership & Process Improvement

• Serve as a primary accounting contact for Property Managers, Asset Managers, Lease Administration, and other stakeholders regarding property financial activity

• Provide guidance, training, and mentorship to Property Accountants, offshore resources, and third-party accounting teams, as applicable

• Review work prepared by junior accounting staff and provide constructive feedback to ensure accuracy and consistency

• Identify opportunities to improve accounting processes, controls, reporting quality, and operational efficiency

• Participate in system implementations, enhancements, process improvement initiatives, and other special projects

• Support the development and maintenance of standardized accounting policies and procedures across the portfolio

QUALIFICATIONS & EXPERIENCE

• Bachelor’s degree in Accounting, Finance, or related field required

• 5-8 years of accounting experience, with commercial real estate or property accounting experience strongly preferred

• Strong understanding of GAAP and financial reporting principles

• Experience with MRI or similar real estate accounting software preferred

• Advanced Microsoft Excel skills required

• Demonstrated ability to independently manage a property portfolio and meet multiple reporting deadlines

• Experience reviewing the work of others and providing training or mentorship preferred

• Strong analytical, organizational, and problem-solving skills

• Excellent written and verbal communication skills with the ability to interact effectively across all levels of the organization

CORE COMPETENCIES

• Technical Expertise: Demonstrates strong knowledge of property accounting, financial reporting, and GAAP

• Ownership & Accountability: Takes responsibility for portfolio performance and reporting accuracy

• Analytical Thinking: Evaluates complex financial information and develops practical solutions

• Leadership: Provides guidance, mentorship, and support to team members and business partners

• Collaboration: Builds strong working relationships across departments and functions

• Continuous Improvement: Proactively identifies opportunities to improve processes, controls, and efficiency

WORK ENVIRONMENT & EXPECTATIONS

This position is based in MCB’s Baltimore headquarters and requires in-office attendance Monday through Thursday. Employees may work remotely on Fridays, subject to business needs and company policy.

The role requires the ability to independently manage a portfolio of commercial real estate assets, meet multiple deadlines, maintain a high degree of accuracy, and support a growing and dynamic real estate platform.

 All job offers with MCB are contingent upon receipt of satisfactory background reports, which may include depending upon required job duties and as allowed by applicable federal and state law, consumer reports including, but not limited to, federal and state criminal, identity, credit, and driving record. Unless otherwise stated in the job posting, all posted positions are classified as full-time, regularly reporting in-person to an assigned work location.