Job Title: Property Accountant

Property Accountant Job Description:

As a Property Accountant, you will play a pivotal role in applying principles of accounting and finance to analyze financial information and contribute to the preparation of accurate financial reports. Working closely with the Property Manager/Project Manager, you will ensure the integrity of financial data and support the overall financial success of our projects.

Perks of Working of the Property Accountant role?

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Retirement savings plans with company matching.
• Opportunities for professional development and training.
• Flexible work arrangements and generous paid time off.

Property Accountant Key Responsibilities:

1. Financial Partnership:
   • Collaborate with the Property Manager/Project Manager to ensure accuracy in journal entries and general ledger transactions.
2. Cash Management:
   • Perform cash management functions, including monitoring and recording cash transactions and reconciling bank accounts.
3. Banking and Relationships:
   • Prepare standard reference requests for new ACH/wire relationships.
4. Accounts Receivable:
   • Manage and coordinate the accounts receivable process with Property Management, including A/R analysis, collections, A/R aging review, and tenant correspondence.
5. Accounts Payable:
   • Manage accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
6. Lease Administration:
   • Coordinate and prepare lease administration activities, such as setting up new leases in the accounting system, preparing tenant billings, and setting up tenant recovery profiles/pools.
7. Expense Reconciliations:
   • Prepare operating and tax expense reconciliations (true-ups) in accordance with governing documents (leases, management agreements, etc.).
8. General Ledger and Compliance:
   • Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other accounting standards.
   • Review journal entries prepared by Staff Accountant, if applicable.
9. Month-End Close:
   • Perform month-end close procedures, including the preparation and/or review of account reconciliations.
10. Budgeting and Projection Support:
    • Assist in the Property and Company Annual Plan/Budget/Projection preparation process by preparing revenue projections, conducting variance analysis, generating reports, and preparing budget packages.
11. Reporting and Calendar Management:
    • Maintain reporting and budgeting calendars for the Property Management team.

Property Accountant Qualifications

Minimum Requirements include:

• Bachelor’s degree in accounting from an accredited institution.
• Two or more years’ full-charge bookkeeping/accounting experience