Property Accountant

Description

Overall Responsibility:

The Property Accountant is a team member of the centralized accounting department in the corporate office.

Essential Functions:

• Maintain proper accounting records for the assigned properties and tasks
  • Review and understand the organizational and financial documents and apply accounting and reporting requirements accurately
  • Monitor AR and AP aging, unapplied cash, bad debt allowance, debt service ratio, cash flows and cash positions, etc.
  • Approve accounts payable timely
  • Work closely with the field team to timely resolve receivable and payable issues
  • Review tenant ledgers in question
  • Review commercial lease charges, perform CAM reconciliations
  • Analyze activity in capital expenditure accounts. Apply for replacement reserve according to loan agreements.
• Follow month end closing calendar
  • Prepare monthly centralized journal entries and supporting schedules for the assigned accounts
  • Review bank reconciliations and timely resolve bank reconciling items.
  • Maintain and reconcile all general ledger activities for properties in the assigned portfolio
  • Prepare monthly closing work paper packages independently including variance explanations
  • Investigate and resolve issues through communication with operations, finance teams and outside parties
  • Prepare monthly reports as needed, such as investor, lender
• Follow quarter end closing calendar
  • Assist in preparing quarterly financial reports and supplemental schedules
  • Prepare lender reports, and other required quarterly reports.
• Perform year end responsibilities
  • Prepare required work papers at year end for annual audits
  • Respond to auditor’s questions
  • Prepare financial statements and footnote disclosures
  • Review tax returns prepared by CPAs as needed.
• Complete ad hoc financial projects as required.

Qualifications:

• Bachelor's degree in Accounting
• 2-3 years accounting experience (property accounting experience preferred).
• Proficiency in Excel required, Salesforce and Yardi software experience a plus
• Demonstrated problem solving and analytical skills.
• Ability to work in a fast paced environment and prioritize multiple high priority projects.
• Strong work ethic focused on meeting deadlines

Please be advised that ALL new hires will be required to successfully complete a criminal background investigation prior to employment. The receipt of satisfactory responses to reference requests, and the provision of satisfactory proof of an applicant's identity and legal authority to work in the United States are also required .