Property Accountant

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Job description

Overview:
Reports to: Senior Property Accountant/Regional Controller/AVP of Finance

Prerequisites: Bachelor degree in accounting is strongly preferred along with prior knowledge in real estate accounting. Candidate must have knowledge of accrual and cash basis methods of accounting along with understanding of general ledger and sub-ledgers. Candidate must be comfortable in making general journal entries through the account reconciliation process.

Responsibilities:
Primary Responsibilities

Perform month end close duties including, but not limited to:

Prepare accrual or cash based journal entries as needed

Review accounts payable for coding and reclassification; process correcting entries as needed

Review accounts receivable and tenant ledgers

Manage deadlines and stay on schedule for all tasks

Complete budget to actual comparison analysis (income and expense)

Complete all bank reconciliations (operating, investment, security deposit)

Reconcile and analyze all balance sheet accounts on the trial balance with supporting schedules that identify the components of the balance

Complete monthly management report packages for all assigned properties

Coordinating drafts and changes between property and Finance

Proof reading for grammatical accuracy

Assemble reports and deliver in a timely manner to allow for review and final distribution

Communicate directly with site staff in regards to accounting issues which need clarification.

Additional Responsibilities

Other projects as assigned including, but not limited to:

Prepare quarterly reserve draws

Prepare quarterly statements for lenders

Complete fixed asset analysis in Entrata and in Fixed Assets CS; record necessary entries

Compile requested audit information when needed

Prepare and analyze annual budgets

Prepare cash flow projections as needed

Complete additional projects as assigned by manager

Qualifications:
Knowledge and Skill Requirements

Bachelor's Degree in Accounting preferred

Entrata experience, a plus

Fixed Assets CS experience, a plus

Microsoft Office, especially Excel

Strong communication skills, oral and written

Ability to prioritize tasks while working on numerous projects simultaneously

The Property Accountant is responsible for a portfolio of 8-10 properties. The properties may utilize either the accrual basis or cash basis of accounting. The Property Accountant should have working knowledge of either basis to support the requirements.

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