Property Accountant I - Minneapolis Regional Office

Dominium Management Services, Inc • Plymouth, MN

47d • $60,000 - $65,000

About The Position

Dominium is helping tackle the affordable housing crisis - and we're looking for motivated candidates to join our team and help further our mission. With offices in Minneapolis, Atlanta, Dallas and Phoenix, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents daily to create a strong sense of community and connectivity. Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally. POSITION SUMMARY: The Property Accountant I is responsible for the day-to-day accounting activities of an assigned portfolio within a team structure. They adhere to the Accounting Policies and Procedures manual set by Dominium and maintains a professional relationship and communicates regularly with Dominium Accounting staff, Dominium Development staff, Dominium Management staff, agencies and lenders who all must work together for the success and profitability of the company.

Requirements

• Two-year degree in accounting or related field; 1-3 years of accounting experience preferred.
• Clear and professional communication skills both verbal and written
• Highly dependable, accurate, reliable, self-motivated.
• Above average mathematical ability and reasoning skills. Experience with reviewing and analyzing financial data preferred.
• Accounting software experience required. Intermediate understanding of Microsoft Excel, Word and Outlook.
• Ability to work with personnel at all levels of the organization in a "team" environment to achieve optimal results.

Responsibilities

• Be knowledgeable and follow generally accepted accounting practices and procedures. Depending on the portfolio, maintain compliance with Section 8, Section 42, Section 236, and other state rules and regulations.
• Responsible for month-end closing process and preparation of financial statements for government agencies, lenders, investors, and owners.
• Record a wide variety of journal entries as needed for transactions including, but not limited to, mortgage activity, bank activity, reclassifications and accruals.
• Perform basic office tasks, including answering phones, responding to emails, processing mail, filing, etc.
• Advise, support and guide Community Managers, Assistant Managers, or Accounts Receivable personnel in preparing Yardi and Excel reports, depositing receipts, and processing security deposit refunds.
• Reconcile all bank statements for each property and partnership each month. Research and resolve all discrepancies and provide an explanation to Accounting Management by the financial due date.
• Prepare balance sheet reconciliations for assign properties on a frequent basis.
• Analyze the need for replacement reserve requests for capital expenditures and process the draw submission to the agency and/or lender.
• Review escrow accounts, including tax and insurance, to ensure adequate funding and prompt payment. Prepare bi-annual escrow analysis for each property. Coordinate with the lender for each escrow account for each property to ensure all payments are made on time.
• Maintain organization and prepare for annual audits throughout the year. Prepare and compile workpapers and supporting documentation for external auditors.
• Contribute to other assigned projects and duties related to the achievement of company and department goals.
• Respond promptly and professionally to support requests and calls from site employees, Dominium Management, Development, agencies and lenders.
• Adhere to Home Office professional standards, policies and procedures.

Benefits

• We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs.
• We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program.
• Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Real Estate
• Education Level: Associate degree