Property Accountant (Residential)

About This Role

Applying cash and accrual accounting principles to prepare, analyze, maintain, and deliver complete and accurate financial reports for a moderately complex portfolio of clients and properties is the core of this accounting role. The Property Accountant handles accounts payable and receivable, manages budgets, prepares financial statements, and analyzes financial data related to properties.

Responsibilities

• Complete intermediate to advanced level accounting transactions in preparation of client financial statement packages
• Create and post journal entries
• Ensure that all expenses, receipts, owner’s distributions, funding requests, and other transactions for the accounting period have been accurately posted
• Prepare all monthly financial reports including bank reconciliation and analyze all Dues schedules
• Record all financial statements and prepare all reports for site level analysis and provide support to all accounting schedules and maintain same
• Coordinate with property manager to ensure compliance to all procedures and evaluate and prepare all annual budgets
• Review all expense ledgers and assist in recovery reconciliations
• Adhere to Client Accounting Policies and Procedures (CAPP) to ensure internal and external reporting requirements are consistently met
• Coordinate with Billing and Collection to ensure account receivables are maintained/updated of all transactions
• Participate in various acquisitions processes within required timeframe and ensure compliance to all internal controls and company policies
• Review and audit funding and payment requests for accuracy, documentation, and authorization in accordance with established operating procedures
• Respond to and resolve issues and requests from management teams and clients regarding various accounting issues and reports, including Profit and Loss statements
• Research open accounting issues and recognize potential issues and/or conflicts so corrective action can intercept and minimize issues
• Participate in budgeting and forecasting for assigned property portfolio, new property and client transitions, and client audit requests
• Monitor scope of services delivered and provide feedback to manager regarding any changes in scope
• Coordinate work with other team members within single point-of-contact (SPOC) guidelines
• Perform other duties as assigned

Requirements

• Bachelor’s degree in Accounting or any related courses
• A minimum of 5 years of experience in property management accounting, real estate finance, or any related industry
• A minimum of 2 years of experience in handling year-end audit and tax compliance, or any related scope
• Strong understanding of property management and real estate development, and a high level of attention to detail with excellent analytical skills