Property Accountant

Property Accountant

This individual will be responsible for completing all the Cash Management, General Ledger Accounting, and Financial Reporting for multiple Multi-Family Real Estate Properties. This individual needs to be able to effectively work in a fast-paced / high-volume transaction environment, which requires strong time management skills and the ability to prioritize deadlines. We are looking for a hands-on, detail-oriented individual who wants to be part of a growing team. 

A successful Property Accountant is expected to:

• Handle full-cycle accounting for an assigned real estate portfolio 
• Provide accurate and timely financial information
• Have full involvement, responsibility, and accountability for their portfolio, which includes all monthly, quarterly, annual, and other duties as detailed in the job responsibilities
• Complete all job functions relating to assigned properties accurately, efficiently, and by the assigned deadlines
• Utilize and develop skills such as problem-solving, decision-making, time management and effective communication to achieve the desired results

Job Responsibilities: General Ledger/Financial Statements

• Maintain and review assigned property general ledgers, balance sheets and income statements, including preparing and recording journal entries as needed
• Review and maintain general ledger to ensure accuracy
• Prepare and distribute monthly financial reporting packages, variance reports and all other additional schedules as required by the client
• Reconcile all balance sheet accounts and examine all general ledger accounts for accuracy, and make corrections as needed monthly
• Analyze performance versus budget to identify potential missing expenses
• Perform a wide variety of accounting analyses
• Analyze various transactions and identify appropriate accounting treatment 
• Ensure the accuracy of financial statements in accordance with GAAP and compliance to internal policies

Accounts Payable

• Coordinate with AP Specialists to authorize and prioritize invoices for payment processing according to available cash 
• Review all invoices for appropriate documentation and approval prior to payment
• Ensure proper coding of invoices
• Track all required monthly bills and follow up with vendor to ensure timely receipt

Cash Management

• Maintain weekly bank reconciliations for multiple accounts and resolve pending items promptly
• Monitor cash balances for assigned properties
• Coordinate preparation of funding requests as needed for assigned properties

Position Requirements:

• Bachelor’s Degree in Accounting required
• 1-2 years of experience in property accounting preferred
• Minimum 2-3 years of general accounting experience
• Demonstrated understanding of financial statements 
• Property Management knowledge is highly preferred
• Experience with RealPage or Yardi preferred
• Excellent written and oral communication skills
• Strong analytical capabilities for advanced problem-solving
• Highly organized and strong ability to multi-task
• Ability to work cross-functionally in a fast-paced environment
• Ability to follow through on tasks until completed
• Proficient in Excel 
• High level of professionalism and a service attitude