Job Description
Job Description
Position Overview:
We are seeking an experienced Property Accountant to manage and oversee the financial operations of multiple properties. The ideal candidate will have a solid background in property accounting, an ability to work across various financial systems, and a proven track record of managing detailed financial records across multiple entities. This role is pivotal in maintaining accurate financial records, ensuring compliance with accounting standards, and supporting property management teams with thorough financial insights.
Key Responsibilities:
- Financial Management: Oversee all accounting operations for multiple properties, including accounts payable/receivable, bank reconciliations, monthly financial statements, and cash flow management.
- Budget Preparation: Develop and manage property-level budgets and forecasts, working closely with property managers to ensure alignment with financial goals and operational needs.
- Lease Accounting: Process and maintain lease agreements, ensuring accurate rent schedules, income tracking, and proper expense allocations.
- Reporting: Prepare monthly, quarterly, and annual financial reports for each property, including income statements, balance sheets, and cash flow statements.
- Vendor Management: Ensure timely processing, approval, and payment of vendor invoices across all properties.
- Audit Support: Manage annual audits, provide necessary documentation, and ensure compliance with all regulations, including GAAP standards.
- Variance Analysis: Perform property-specific variance analysis to identify areas of financial improvement and discuss with property managers and stakeholders.
- Tax Compliance: Manage property-specific tax filings, including property tax payment schedules and any applicable local regulatory filings.
- System Management: Utilize property accounting software (e.g., Yardi, MRI, or similar platforms) to maintain accurate records and optimize financial processes.
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field. CPA or CMA certification preferred.
- Minimum 3-5 years of experience in property accounting, managing financials for multiple properties.
- Strong knowledge of property management software (e.g., Yardi, MRI, RealPage).
- Proficiency in Microsoft Office suite, especially Excel (advanced functions like pivot tables and formulas).
- Excellent organizational, analytical, and communication skills.
- Ability to work collaboratively across teams while managing competing priorities and deadlines.
- Knowledge of real estate accounting principles, including GAAP and CAM reconciliations.
Preferred Qualifications:
- Experience with large commercial or residential portfolios.
- Familiarity with real estate regulatory compliance and reporting standards.
- Ability to recommend process improvements and advancements in financial reporting systems.