Job Overview

We are seeking a detail-oriented Property Accountant with experience in commercial real estate accounting and CAM (Common Area Maintenance) reconciliation. The role will be responsible for maintaining accurate property-level financial records, preparing annual CAM reconciliations, reviewing tenant recoveries, and ensuring compliance with lease terms and accounting policies.

Duties &

Responsibilities

- Prepare and review annual CAM reconciliations for commercial properties.

- Analyze property operating expenses and allocate recoverable costs to tenants based on lease provisions.

- Review tenant leases to determine CAM, property tax, insurance, and other recoverable expenses.

- Calculate tenant share percentages, gross-ups, caps, exclusions, and lease-specific adjustments.

- Reconcile actual property expenses against tenant estimates and identify underpayments or overpayments.

- Prepare tenant reconciliation statements and supporting schedules.

- Coordinate with Property Managers, Lease Administration, Accounts Payable, and Accounts Receivable teams to resolve discrepancies.

- Review general ledger accounts to ensure expenses are correctly classified and allocated.

- Perform monthly bank, balance sheet, and property-level account reconciliations as required.

- Maintain accurate tenant billing and recovery records.

- Assist with tenant inquiries related to CAM charges and reconciliation statements.

- Investigate variances between budgeted and actual operating expenses.

- Support annual budgeting and forecasting of property operating expenses and tenant recoveries.

- Ensure reconciliation calculations comply with lease terms and internal accounting procedures.

- Prepare audit schedules and provide supporting documentation for internal and external audits.

- Maintain organized lease abstracts, invoices, reconciliations, and tenant recovery records.





- Identify process improvements to enhance the accuracy and efficiency of CAM reconciliation.

Education & Training

- Relevant training or knowledge in accounting, finance, commercial lease accounting, and property accounting is beneficial.

- Practical knowledge of CAM reconciliation, tenant recoveries, and lease interpretation is required.

- Excel training covering Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and financial analysis is beneficial.

- Familiarity with property accounting software such as Yardi, MRI, or RealPage is preferred.

- Knowledge of U.S. GAAP and commercial real estate accounting practices is preferred.

Knowledge, Skills & Experience

- Strong understanding of commercial lease accounting and tenant recoveries.

- Experience with CAM reconciliation, property taxes, insurance recoveries, and operating expense reconciliations.

- Ability to interpret lease clauses and accurately apply recovery provisions.

- Strong knowledge of tenant share percentages, gross-ups, expense caps, exclusions, and lease-specific adjustments.

- Proficiency in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic financial analysis.

- Positive understanding of General Ledger, Accounts Payable, and Accounts Receivable processes.

- Ability to reconcile actual expenses against estimates and investigate variances.

- Robust analytical, problem-solving, and numerical accuracy skills.

- Excellent attention to detail and organizational skills.

- Ability to maintain accurate financial records and audit-ready documentation.

- Good written and verbal communication skills.

- Ability to coordinate effectively with Property Management, Lease Administration, AP, and AR teams.

- Familiarity with Yardi, MRI, RealPage, or similar property accounting systems is preferred.

- Knowledge of U.S. GAAP and commercial real estate accounting practices is preferred.

- Experience supporting year-end CAM reconciliations and audit activities is preferred.

📌 Property Accountant – CAM Reconciliation (Vadodara)
🏢 RHC India
📍 Vadodara