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ACX is a vertically integrated private real estate investment firm with primary offices in Stamford, Connecticut and Denver, Colorado. The firm focuses on grocery-anchored and necessity retail shopping centers in the Top 25 MSAs across the United States. ACX’s growing nationwide portfolio includes 26 properties totaling approximately 4 million square feet, approaching $1 billion in assets under management. The firm is actively investing in value-add and core-plus transactions on behalf of its institutional investors.
Position Overview
ACX is looking to fill the full-time Property Accountant rolein our Stamford, CT headquarters. This position handles the accounting and financial reporting for an assigned portfolio of properties. The Property Accountant will collaborate closely with other members of the Accounting team as well as Property Management, and reports directly to the Director-Accounting and Financial Reporting.
Essential Functions
Preparation of the monthly, quarterly, annual budgets, and year end closings, including supporting schedules, financial review, variance analysis, and the prompt resolution of issues. Cash flow monitoring and management are important responsibilities for this role.
Preparation of financial statements in accordance with the Historical and Fair Value GAAP and Tax basis of accounting
Contribute to the reporting to management, investors, and lenders
Work closely with independent CPA Firm(s) for annual year-end audits
Review and approval of certain property expenses such as real estate taxes, insurance, and capital costs
Ability to understand retail tenant leases, including specific clauses related to billing tenants for CAM, TAX, and other reimbursable expenditures. Prepare and defend annual reconciliations to tenants
Sales tax filings (as applicable)
Oversight of the lease administration, accounts receivable and accounts payable functions, to ensure compliance with the Company’s policies and procedures
Ad hoc reporting as needed
Qualifications
Bachelor’s Degree in Accounting from an accredited university
A minimum of 3 years of accounting experience in the commercial real estate industry. Public Accounting and Retail-specific experience is a plus.
Solid understanding of Financial Statements and of GAAP, Fair Value and Tax basis of accounting
Experience with real estate industry software (Yardi, MRI)
Strong attention to detail and ability to manage competing priorities and deadlines
Excellent organizational, analytical, problem-solving, interpersonal, verbal, and written communication skills
High proficiency with Microsoft Excel, Word, and related software
Ability to adapt quickly to modern technology, including A.I. & automation, and work with others in implementation of new assignments
ACX is a vertically integrated private real estate investment firm with primary offices in Stamford, Connecticut and Denver, Colorado. The firm focuses on grocery-anchored and necessity retail shopping centers in the Top 25 MSAs across the United States. ACX’s growing nationwide portfolio includes 26 properties totaling approximately 4 million square feet, approaching $1 billion in assets under management. The firm is actively investing in value-add and core-plus transactions on behalf of its institutional investors.