At Front Street Capital, we’re building a team that’s as just as intentional as the communities we help shape. We’re looking for people who take ownership, value relationships, and want to do meaningful work alongside a team that does the same.
Winston-Salem, NC | Full-Time | On-Site
Front Street Capital is a full-service real estate development, management, and private equity company, led by a team of accomplished industry professionals. The firm focuses on delivering consistent, income-driven results for its clients. Over the years, Front Street Capital has successfully developed or acquired over $1 billion in income-generating properties. Their portfolio spans office, industrial, healthcare, and mixed-use assets, primarily located in the southeastern United States.
Front Street Capital is seeking a Property Accountant to join its growing in-house accounting team and support the accounting and financial operations of a portfolio of commercial real estate properties.
This position is designed for someone who is looking to build a career in commercial real estate accounting. The Property Accountant will be responsible for the day-to-day accounting for an assigned portfolio of properties, including tenant accounts receivable, account reconciliations, tenant upfits/improvements, fee calculations, monthly close activities, property-level financial reporting and variance analyses, and cash reconciliations and reporting. In addition to assigned property responsibilities, this position will provide portfolio-wide accounts payable processing and invoice routing support, working closely with property management, vendors, construction lenders, and the broader accounting and finance team and other internal departments.
The ideal candidate is detail-oriented, organized, collaborative, and interested in developing a deeper understanding of commercial real estate accounting as part of a growing organization.
1. Property Accounting
Maintain accurate accounting records for an assigned portfolio of commercial real estate properties
Serve as the primary day-to-day accounting contact for property managers and assist with resolving property-level accounting issues
Perform bank, debt/interest, and other balance sheet account reconciliations (e.g. deferred loan fees, prepaid expenses/insurance, property tax accruals, leasing commissions, etc.)
Prepare and record monthly accruals, recurring journal entries, and other adjusting entries as needed
Prepare monthly reporting packages for third party property owners
Assist with property/tenant billbacks and credit card reimbursements
Perform monthly property close activities and prepare property-level financial statements
Collaborate with property managers on monthly budget to actual variance analyses
Maintain supporting schedules for property-level capital expenditures and tenant improvements/upfits, and track tenant allowances across assigned properties
2. Tenant Accounts Receivable
Own tenant accounts receivable for assigned properties and process/reconcile tenant cash receipts
Work closely with property management to regularly review tenant ledgers and ensure rent, CAM, reimbursements, and other tenant charges are accurately billed and recorded
Monitor aged tenant receivables and coordinate with property management regarding outstanding balances
Assist with tenant account reconciliations, billbacks, credits, write-offs, security deposits, and other tenant-related accounting matters
Assist with annual CAM/operating expense reconciliations and other tenant billing adjustments
3. Cash Management & Reporting
Reconcile property level cash activity and bank accounts
Prepare cash reports for property-level bank accounts to support A/P check runs and payment planning
Monitor/forecast property cash balances and anticipated receipts and disbursements to identify excess cash or property funding needs
4. Accounts Payable & Invoice Processing
Own and manage portfolio-wide AP processing and maintain timely invoice workflows by processing and routing property and development invoices through the Company’s established AP approval workflows
Monitor inbound A/P communications and respond to vendors and other parties in a timely manner
Calculate and record property-level management and related fees
Review invoices for appropriate property coding, supporting documentation, and proper approval, and coordinate with property management and vendors to resolve invoice discrepancies
Setup new vendors and ensure that existing vendor records are accurate
5. Fund/Corporate Accounting Support and Reporting
Provide property-level information and schedules required for management/executive-level reporting
Understand how property-level accounting flows into fund/corporate financial reporting
Support monthly, quarterly, and annual financial reporting processes
Assist with year-end audit and tax requests
Bachelor’s degree in Accounting, Finance, or a related field
1-3 years of accounting experience
Experience with accounts payable, accounts receivable, reconciliations, and monthly close
Strong Excel skills and systems orientation and comfort working with large amounts of financial data
Strong attention to detail, organizational skills, and written/verbal communication skills
Ability to manage multiple properties, deadlines, and priorities
Ability to work independently while collaborating effectively with property management, accounting/finance team members, and broader company personnel and executive leadership
Preferred Experience
Commercial real estate or property accounting experience
Yardi Voyager experience
Experience with tenant billing and A/R, CAM reconciliations, and property-level cash management and bank reconciliations
Experience supporting financial statement preparation and audits
Position Profile
Takes ownership of assigned responsibilities and follows issues through to resolution
Is comfortable working in a fast-paced environment with multiple priorities and complex properties
Enjoys understanding the “why” behind accounting transactions rather than simply processing them
High ownership mentality with strong attention to detail
Technically savvy with ability to develop and build strong ERP system proficiency
Communicates effectively with both accounting and non-accounting personnel and seeks to translate financial/accounting data into valuable insights
Wants to develop a long-term career in commercial real estate accounting and ultimately provide support for more complex transaction accounting, including acquisitions, dispositions, capital projects, and debt transactions
Willing to be adaptable, grow, and take on increasing responsibility as the Company’s accounting function continues to develop and scale
Enjoys participating in company-sponsored events and community initiatives
Reports to: Director of Finance & Accounting
Department: Accounting & Finance
This role offers a clear path for growth within Front Street Capital’s scaling accounting organization. Strong performance can lead to increased responsibility and progression toward a Senior Property Accountant position, including responsibility for more complex properties and projects/transactions, review-level responsibilities and greater involvement in fund and financial reporting and strategic initiatives.
