Req Number ACC-24-00004 Position Property Accountant EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. DescriptionJOB SUMMARY: Property Accountants play a crucial role in our multifamily real estate company's finance team, responsible for overseeing and managing financial aspects related to our property portfolio. VALUES MODELED: All employees are expected to bring our values to life every day by demonstrating:
- RESPECT: Treat people with courtesy and kindness, valuing inclusion and diversity.
- ACCOUNTABILITY: Honor commitments, focus on delivering solutions, and take ownership of responsibilities.
- INTEGRITY: Act with honesty, honor, and transparency in all activities.
- SERVICE: Be socially conscious, proactive thinkers, committed to improving well-being.
- EXCELLENCE: Strive for excellence, adapt, innovate, and exceed expectations.
ESSENTIAL DUTIES AND RESPONSIBILITIES: Financial Reporting:
- Prepare and analyze monthly financial statements for each property, ensuring accuracy and compliance with accounting standards.
- Collaborate with property management teams to collect and verify financial data, including income, expenses, and capital expenditures.
- Generate accurate and timely detailed financial reports for stakeholders, providing insights into property performance and financial trends.
- Post monthly journal entries and prepare monthly financial reports for a portfolio of properties, including reclasses and accruals provided by onsite community managers.
- Prepare lender replacement reserve draws as needed.
- Record recurring monthly journal entries and update month-end reporting workbook to reconcile balance sheet accounts.
- Coordinate the accrual process with the on-site managers monthly.
- Review and code invoices in the AP processing system.
- Reconcile all bank accounts and credit card statements monthly.
- Complete routine real estate tax reconciliations
- Assist with the preparation of annual operating budgets.
- Attend monthly financial review meetings and provide insights to leadership related to financial reporting.
- Oversees treasury management, engaging in short-term and long-term cash planning on a daily and weekly basis.
- Closely monitor current cash balances held by properties.
- Provide forecasts of cash requirements routinely to management
- Assist in the calculation of cash available to distribute when applicable.
- Assist management with special projects and other tasks assigned.
Accounts Payable and Receivable:
- Process and review property-related invoices, ensuring accuracy and proper coding.
- Manage tenant billing and collections, addressing any outstanding balances and coordinating with property management on delinquencies.
- Reconcile property bank accounts and resolve discrepancies in a timely manner.
Tax and Audit Compliance:
- Work with external tax consultants to ensure timely and accurate filing of property-related tax returns.
- Stay informed about changes in tax laws and regulations that may impact property accounting practices.
- Assist in the preparation of schedules and documentation for annual audits.
EDUCATION AND/OR EXPERIENCE:
- Bachelor's Degree in Accounting or Business-related field.
- Minimum of 2 years prior experience in multifamily real estate fully-cycle accounting.
- Experience with multifamily accounting software (OneSite, Realpage, MRI).
- Intermediate to advanced skills in MS Office Suite. Advanced skills in Excel (pivot tables, v-lookup, etc).
COMPETENCIES:
- Proficiency in accounting software (e.g., Onesite, MRI).
- Advanced Excel skills.
- Knowledge of Generally Accepted Accounting Principles (GAAP).
Key Qualities:
- Analytical Thinking: Utilize data and financial analysis to identify trends and opportunities for improving property financial performance.
- Attention to Detail: Ensure accuracy in financial reporting and accounting processes.
- Time Management: Efficiently manage multiple property accounting tasks and meet deadlines.
- Adaptability: Be flexible and adaptable to changes in the property portfolio and industry dynamics.
- Communication: Clearly communicate financial information to internal stakeholders and external partners.
- Uphold high ethical standards and integrity in all financial activities.
- Stay informed about accounting standards, tax regulations, and industry best practices through continuous learning and professional development.
** We do not accept inquiries from staffing agencies or third-party recruiters. Direct hire applications only. **Please be aware that the furnished job description serves as a broad framework and can be tailored to align with the unique requirements of AG Living.This position is currently accepting applications.