Property Accountant

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RESPONSIBILITIES:

• Producing monthly financial statements for a large property portfolio
• Reconciling and preparing the general ledger and providing full documented support for the reported balances
• Prepares monthly journal entries and accruals
• Processes resident subsidy payments and adjustments, resolving any discrepancies as necessary in a timely manner
• Processes A/P entries such as utilities and invoices received at the corporate office
• Processes monthly loan payments and reconciles mortgage impound balances accordingly
• Works closely with Community Managers and Regional Property Managers to help reconcile tenant accounts/ledgers
• Participates in preparing and auditing materials requiring analysis of supporting documents and ensures that all entries are entered into the system accurately
• Provides critical recommendations and support to Regional Accounting Manager on property taxes and insurance allocations
• Reconcile all bank accounts and general ledger accounts associated with the assigned portfolio
• Monitor General Ledger activity and coordinate with Regional Property Managers to identify eligible replacement reserve expenses, draft written requests to access funds and submit to applicable affiliate associated with the assigned portfolio
• Generate appropriate tax accruals and impounds for an assigned portfolio
• Prepare the debt service data for the annual property budgets associated with the assigned portfolio and provide other input for the budget as requested
• Assist with the preparation of year-end audit work papers
• Maintains spreadsheets and/or tracking logs as required by department operations, and
• Performs all other duties as necessary to ensure sound accounting practices at the assigned properties.

REQUIREMENTS:

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A High School Diploma or an equivalent and successful completion of two years of college

• Accounting classes and/or three years of accounting work experience.
• Experience in property management accounting is desired.
• Ability to read and interpret documents such as operating, procedural manuals, and safety documents. Ability to write routine reports and correspondence. Ability to interact/communicate effectively in a professional and pleasant manner with Vendors, Affiliates, Stakeholders, Corporate Shareholders and Company Employees.
• Knowledge of basic accounting principles and General Ledger activity.
• Ability to effectively reconcile account balances, calculate figures and amounts, and apply basic math concepts.
• Ability to operate proficiently within Microsoft Office Programs such as Excel, Word and Outlook and the in-house property management software program. Ability to operate a 10-key with speed and accuracy, fax, copier/scanner, telephone, personal computer, and typewriter.
• Ability to apply principles of logical thinking to a variety of practical situations and accurately follows standardized procedures that may occasionally call for minor deviations.
• Must be able to think rationally beyond a specific set of instructions.
• Must be able to work at a fast pace, perform duties while under pressure and meet deadlines in a timely manner.