Property Accountant (Financial Management)

Areas of Responsibility and Job Requirements:

Serves as primary interface between accounting and property management, and responsible for the creation of all property reports and mandatory filings.

Responsibilities include, but are not limited to:

• Develops annual budgets with possible reforecasts during the year in conjunction with management and Property Manager (PM).  
• Prepares month and year end journal entries, recorded into Yardi (recurring).
• Conducts monthly review of cash flow statement with account analysis of significant budget variances.  Communication with management and PM with respect to same.
• Reviews additional statements to be sent to investors/banks including, BS, AR, AP, etc.
• Reviews monthly L+M portfolio report
• Reviews of coding of general ledger accounts at least once quarterly, including payroll reconciliation
• Tracks escrow and reserve accounts; prepares periodic analysis to determine appropriateness of escrow amounts
• Works with property manager’s on requisitions from blocked replacement reserve/operating accounts.
• Prepares year end audit package including work papers, for submission to outside accountants
• Posts outside accountant’s year end journal entries and reconcile beginning year general ledger balances
• Tracks partner capital contributions and distributions for specific properties

Minimum Education Requirements:

• Bachelor’s degree in Accounting

Minimum Years of Experience Required:

• 2+ years of comparable experience

Additional Knowledge, Skills and Abilities:

• Strong knowledge of Excel and general computer skills, required
• Must demonstrate strong organization skills and ability to work with people
• Knowledge of Yardi, preferred
• Real estate experience, preferred

Competencies/Essential Job Functions:

This position consists mainly of light physical work. The position may require exertion of up to 10 pounds of force occasionally to lift, carry, push, pull or otherwise move objects, including the human body. The role involves sitting most of the time.

The incumbent is required to have visual acuity to determine the accuracy and thoroughness of the work assigned or to perform an activity such as: preparing and analyzing data, reviewing data, view computer screens for extended periods of time, extensive reading, etc.

• This role frequently requires the incumbent to grasp, engage in repetitive movements with the wrist, hands, and fingers, typing for extended period of time.

• The role also requires incumbent to talk and hear, expressing or exchanging ideas by means of spoken work and the ability to receive detailed information through oral communication, and to make distinctions in sound.

Work Environment

The incumbent may occasionally be subject to noise sufficient to cause the worker to shout in order to be heard above the noise.

Other Duties:

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities of this position at any time with or without notice.