Property Accountant

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

• Bachelor's degree in Accounting, Finance, Business or similar degree program

• 1 year in a property accountant role or 2 years of general accounting experience

• Experience commercial real estate, hospitality, or related industries is 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 fl