Property Accountant
Position Overview
We are seeking a Property Accountant to take ownership of the full-cycle accounting and reporting for an assigned portfolio of income properties. This role includes managing reconciliations, working capital, budgeting, and forecasting. The successful candidate will collaborate with teams across property management, leasing, accounting, finance, and tax to provide consolidated information and ensure accurate financial reporting. This is an excellent opportunity to play a pivotal role in the financial operations of a dynamic organization.
Key Responsibilities
Property management accounting
Maintain lease and tenant information in Yardi, and process annual rent schedules
Prepare operating cost reconciliations for tenants and respond to tenant inquiries
Review and ensure accuracy of rent rolls
Coordinate chargebacks to tenants
Calculate monthly management fees
Support property budget process
Prepare budget variance analysis reports and report significant variances
Set up new properties, record fixed asset purchases and set up amortization schedules
Support asset valuation calculations
Work closely with the property management and leasing teams
Full cycle accounting
- Maintain the general ledger and ensure consistency with GAAP, including accruals, amortization, and bad debts
- Oversee AR, including reporting and assisting with collections
- Monitor the AP cycle, including approving invoices and purchase orders
- Ensure sources and uses of funds are appropriately monitored to:
- Prepare requisitions for intercompany reimbursements and investor distributions
- Meet monthly, quarterly, and year-end deadlines including preparation interim and year-end reports, trial balances, financial statements, and consolidated working papers
- Support treasury team with property financings
- Review employee expense reimbursement requests
- Communicate key issues with management
- Proactively problem solve and identify areas for improvement
- Assist with special projects and other duties as assigned by management
o meet working capital requirements in accordance with the budget
o maintain owner equity requirements including distributions and capital calls
Other duties