Role – Property Accountant - Property Management*Hybrid – 4-day week, M-Th in office, Friday WFH.*
Job DescriptionClient is currently searching for an experienced and detail-oriented Property Accountant to assist in building out property accounting and financial reporting functions, with a focus on building and overseeing streamlined, efficient processes. Reporting to the Accounting Manager, this role will have primary responsibility for all accounting functions for a growing portfolio of properties including the review of all disbursements, accounts receivable, and general ledger data and the preparation of reconciliations and other analysis as needed. The successful candidate must be discreet, organized, trustworthy, reliable, punctual, detail-oriented, and personable. This is the ideal opportunity for individuals looking for growth and long-term career runway into accounting and finance leadership roles.
Essential Duties And Responsibilities- Day-to-day accounting operations of assigned real estate assets and review all general ledger journal entries and sub-ledger activity entered in the real estate-property management software system (Yardi Voyager).
- Oversee and ensure that all property and tenant lease information is up to date and correct.
- Prepare CAM reconciliations and ensure appropriate recovery of expenses from tenants in accordance with lease terms.
- Prepare and present monthly, quarterly, and yearly GAAP-based financial statements for real estate assets.
- Prepare and present monthly, quarterly, and yearly reporting packages for Fund management team.
- Reconcile all property level cash, investment, and disbursement accounts. Monitor cash balances and oversee recommendations of monthly funding requests for capital expenditures and monthly distributions of funds from operations.
- Ensure all disbursements, including mortgage payments, are processed and applied in a timely manner and in accordance with applicable terms.
- Assist with forecasts and budgets; provide detailed explanations of variances from budget based on specific materiality thresholds.
- Assist in annual audits; ensure supporting information is maintained and available upon request.
- Provide information for preparation of tax filings for corporate and fund entities.
- Analyze historical information by verifying information and developing spreadsheet reports to present analysis in relevant, summarized format with focus on the end-user needs.
- Develop and implement accounting procedures by analyzing current procedures; recommending changes.
- Answer accounting and financial questions by researching and interpreting data.
- Provide accounting support for investors and property acquisitions by reviewing financial information; converting data to general ledger system; obtaining supplementary information for preparing financial statements.
- Work closely with in-house Property Management Team.
- Support integration of new properties as needed.
- Accept all other ad-hoc responsibilities as needed.
Qualifications:- Bachelor’s Degree in Accounting
- 1+ years of experience in accounting
- CPA or CPA candidacy preferred
- Experience with Yardi Voyager property accounting software is preferred
- Sound knowledge of bookkeeping theories, practices, and accepted office procedures
- Strong proficiencies with Microsoft Office applications
- Previous experience with institutional real estate accounting
- Ability to multi-task, work under pressure, and meet deadlines with strict attention to detail
- High degree of confidentiality required
- Ability to collaborate and work in a team environment
- Results-oriented with willingness to accept ownership and responsibility for assigned tasks
- Strong interpersonal, verbal, and written communication skills
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