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Primary Job Responsibilities
The senior level property accountant will supervise a group of 2-3 property accountants with a total portfolio of 30-35 residential properties. The Senior Accountant will review the financial reports prepared by each of the property accountants in the group and will be responsible for ensuring the accuracy of those financial reports.
Additional responsibilities include but are not limited to:
Understanding the bank reconciliation process and being able to assist with bank reconciliations if needed
Review bank reconciliations for outstanding items that need to be researched
Helping property accountants with researching outstanding items on the bank reconciliation
Review management fees
Review security deposit transfers
Review balance sheet account analysis spreadsheet with subsidiary schedules to ensure accurate reporting of assets and liabilities
Review trailing 12-month report to analyze any costs that are missing or look overstated
Review depreciation and amortization schedules of fixed assets
Review analysis of lender-held escrow and reserves
Ensure all lender draws are being prepared and submitted by the property accountant on a quarterly basis
Ensure all financial reports are prepared by the property accountants and sent to lenders as required in loan documents
Ensure all transactions for ownership entities related to the properties in the accountants’ portfolios are being recorded and reconciled monthly
Oversee the transfer of funds for inter-entity transactions (Insurance Reserves, Management Fee, Security Deposit Transfers, etc.)
Oversee the transfer of funds for distributions
Record mortgage payments for the properties in the accountant’s portfolio
Review reporting packages sent to our partners and work directly with their accounting staff on any issues that arise
Demonstrate a proficient skill level with MS Office products and a high proficiency level with Excel
Working closely with other positions in accounting and properties, working independently and making decisions in preparing reports is a must
Other duties, as assigned
Qualifications:
Bachelor’s Degree required. Property Accounting and/or Multi-Entity required, at least two years in the industry, supervision experience a plus. Must speak and write English fluently to communicate effectively.
Salary Range: $85,000 – $95,000 commensurate with experience.
Benefits:
Medical, dental and vision insurance, including flexible spending accounts
Life, accidental death and dismemberment, short-term disability and long-term disability insurance available
Employee Assistant Program
401(k) Retirement Plan (pre-tax and Roth) options available
18 days per year of PTO, total increases with years of service
Housing discount available at any one of our properties
8 paid holidays annually
Tuition Reimbursement for continuing educationEstimated Salary: $20 to $28 per hour based on qualifications.
The senior level property accountant will supervise a group of 2-3 property accountants with a total portfolio of 30-35 residential properties. The Senior Accountant will review the financial reports prepared by each of the property accountants in the group and will be responsible for ensuring the accuracy of those financial reports.
Additional responsibilities include but are not limited to:
Understanding the bank reconciliation process and being able to assist with bank reconciliations if needed
Review bank reconciliations for outstanding items that need to be researched
Helping property accountants with researching outstanding items on the bank reconciliation
Review management fees
Review security deposit transfers
Review balance sheet account analysis spreadsheet with subsidiary schedules to ensure accurate reporting of assets and liabilities
Review trailing 12-month report to analyze any costs that are missing or look overstated
Review depreciation and amortization schedules of fixed assets
Review analysis of lender-held escrow and reserves
Ensure all lender draws are being prepared and submitted by the property accountant on a quarterly basis
Ensure all financial reports are prepared by the property accountants and sent to lenders as required in loan documents
Ensure all transactions for ownership entities related to the properties in the accountants’ portfolios are being recorded and reconciled monthly
Oversee the transfer of funds for inter-entity transactions (Insurance Reserves, Management Fee, Security Deposit Transfers, etc.)
Oversee the transfer of funds for distributions
Record mortgage payments for the properties in the accountant’s portfolio
Review reporting packages sent to our partners and work directly with their accounting staff on any issues that arise
Demonstrate a proficient skill level with MS Office products and a high proficiency level with Excel
Working closely with other positions in accounting and properties, working independently and making decisions in preparing reports is a must
Other duties, as assigned
Qualifications:
Bachelor’s Degree required. Property Accounting and/or Multi-Entity required, at least two years in the industry, supervision experience a plus. Must speak and write English fluently to communicate effectively.
Salary Range: $85,000 – $95,000 commensurate with experience.
Benefits:
Medical, dental and vision insurance, including flexible spending accounts
Life, accidental death and dismemberment, short-term disability and long-term disability insurance available
Employee Assistant Program
401(k) Retirement Plan (pre-tax and Roth) options available
18 days per year of PTO, total increases with years of service
Housing discount available at any one of our properties
8 paid holidays annually
Tuition Reimbursement for continuing educationEstimated Salary: $20 to $28 per hour based on qualifications.
