Property Accountant

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Property Accountant

Position Overview:

The Property Accountant is responsible for the timely and accurate financial reporting of assigned properties, working directly with Property Management and Asset Management, responding timely and professionally to supervisors, external parties, and senior leadership, and maintaining flexibility for ad-hoc projects that benefit the operations of the company.

 

Essential Functions

 

Accounts Receivable:

  • Receive tenant checks
  • Deposit checks by writing them up and taking them to the bank or deposit thru remote deposit
  • Post deposits to tenants’ accounts in the accounting software
  • Input new leases & renewals into the accounting software
  • Input billing adjustments into the accounting software
  • Input tenant move out forms into the accounting software
  • Review aging and rent rolls

 

Accounts Payable:

  • Review and Input invoices into accounting software
  • Cut checks once a week for invoices due
  • Process checks and mail out
  • Add new vendors into the accounting software
  • Input new bank accounts into the accounting software
  • Calculate and process management fees
  • Review and process 1099’s annually

 

Financials/GL:

  • Review and complete monthly reports
  • Review and send quarterly reports to Lenders
  • Complete monthly cash flow report
  • Input budgets annually
  • Perform quarterly or annual CTI (CAM, Tax, Insurance) reconciliations

 

Miscellaneous:

  • Run aging reports and discuss delinquencies with property managers
  • Review and input reconciliations into the accounting software
  • Set up new properties in the accounting software
  • Update loan summaries
  • Filing
  • Assist with audits
  • Assist with additional reports needed by owners

 

Knowledge, skills and experience required:

  • 2-4 years of corporate or public accounting experience
  • Bachelor’s Degree in Accounting
  • Commercial Real estate experience preferred
  • Strong communication skills with the ability to interact well with employees at all different levels throughout the organization
  • Strong understanding of generally accepted accounting principles
  • Proficient use of Excel and other Microsoft Office products
  • Ability to perform under pressure and deadlines
  • Strong attention to detail

 

For more information, click here.