Senior Collections Accountant

The Rock Family of Companies is made up of nearly 100 separate businesses spanning fintech, sports, entertainment, real estate, startups and more. We’re united by our culture – a drive to find a better way that fuels our commitment to our clients, our community and our team members. We believe in and build inclusive workplaces, where every voice is heard and diverse perspectives are welcomed. Working for a company in the Family is about more than just a job – it’s about having the opportunity to become the best version of yourself.

ABOUT BEDROCK

Bedrock is a full-service real estate firm specializing in innovative city building strategies. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $7.5 billion to acquire, develop and operate more than 140 properties in Detroit and Cleveland with landmark developments at the Hudson’s Site, Book Tower, City Modern, Tower City Center and the May Company Building.

Bedrock’s projects include new construction, adaptive reuse and a portfolio totaling more than 21 million square feet of office, retail, residential, industrial, hospitality and parking.

For additional information about Bedrock, please visit bedrockdetroit.com, bedrockdetroit.com/careers/, and engage with us on Facebook, Instagram, Twitter and LinkedIn.

POSITION SUMMARY

The Senior Collections Accountant assists the accounting department in receiving, processing, and posting daily cash receipts and collections of rents. This role requires reviewing tenant account information, correcting discrepancies, and ensuring that accounts are properly billed and that payments are processed timely.  Supporting active collection functions such as tenant and resident correspondence and stakeholder updates are required as needed. 

The Senior Collections Accountant role includes additional responsibilities associated with collecting outstanding balances and reporting for the Company’s Portfolio. 

ESSENTIAL FUNTIONS

• Review AR Aging Detail weekly for delinquent accounts.

• E-mail or call tenants to inquire on outstanding rents and other charges.

• Update Yardi notes with information relating to past due accounts.

• Schedule monthly calls with Property Management and Property Accounting to review AR Aging reports and recommend next steps on delinquent accounts (i.e. 7-Day Notice, legal, collections, etc.)

• Monitors payments and electronic deposits

• Reconciles cash receipt postings to online bank records

• Files and maintains cash receipts posting

• Reviews and monitors delinquent tenant accounts and providing timely follow-up on payments

• Supports the Accounting team with internal and external reconciliations as required

• Manages relationships with a variety of internal and external stakeholders

• Prepares month end close, runs reports and reconciliations as applicable

• Resolves financial issues as they develop, solves routine problems in a timely manner and escalates complex problems to the next level

• All other duties as assigned

POSITION REQUIREMENTS

• Approximately 3-5 years of work experience in accounting, collections, or property management required

• Bachelor’s degree in accounting, finance, management, or equivalent degree and/or prior technical experience/training

• Expertise in understanding and interpreting complex commercial lease language 

PO