Property Accountant

Hawthorne Residential Partners•Greensboro, NC

14d

About The Position

The Property Accountant oversees the complete financial cycle for a portfolio of multifamily communities. The Property Accounting Department combines full-cycle accounting, treasury, and financial analysis, and aims to foster growth and development. The role reports directly to the Accounting Team Leader and works with Community Managers, Regional Managers, corporate team members, and outside vendors. It has no supervisory responsibilities. The position requires a bachelor's degree in Accounting or Business, or an equivalent combination of education and experience. Prior property-management experience is preferred but not required. The role is salaried and exempt, and follows a Monday-through-Friday schedule that may vary; extended hours may be needed during peak periods. Some overnight travel may be required for company-sponsored events. Drug testing, background screening, and completion of an online pre-employment assessment are required.

Requirements

Bachelor's degree in Accounting or Business, or an equivalent combination of education and experience.
Strong attention to detail to process financial data accurately, identify discrepancies, and ensure accounting entries are correct.
Strong analytical skills to review financial reports, identify trends, and provide management insights for decision-making.
Excellent verbal and written communication skills for interacting with property managers, auditors, and other stakeholders.
Ability to prioritize tasks, meet deadlines, and manage multiple property portfolios simultaneously.
Ability to maintain confidentiality.
Ability to read, write, and communicate verbally in English.
Ability to apply common-sense understanding to carry out basic written or oral instructions.
Advanced mathematical knowledge and ability to apply mathematical concepts to practical situations, including calculating interest, fractions, percentages, and ratios, and performing calculations involving American units of money, weight, volume, and distance.
Intermediate knowledge of Microsoft Word, Microsoft Outlook, and Microsoft Excel.
Ability to perform the physical functions of the position, including communicating, seeing, hearing, talking, sitting, standing, walking, reaching, climbing, stooping, kneeling, crouching, and lifting or moving up to 5 pounds moderately and up to 10 pounds occasionally.
Must complete drug testing, background screening, and an online pre-employment assessment.
Must meet the company's dress, grooming, and personal cleanliness standards while working or representing the company.

Nice To Haves

Prior property-management experience.
Knowledge of property-management accounting.
Yardi Voyager knowledge and general ledger experience.

Responsibilities

Oversee accounting, treasury, and reporting for a portfolio of multifamily properties.
Review monthly financial packages, including general ledgers, budget comparisons, and rolling 12-month profit-and-loss statements, and coordinate needed reclasses, accruals, and explanations with Community Managers according to published guidelines.
Confirm the accuracy of petty cash transactions and upload them.
Review general ledger entries and reclassify expenses as needed to ensure operating expenses, major expenses, and capital expenditures are recorded accurately.
Calculate accruals for mortgage interest, property taxes, and insurance.
Calculate and pay management fees to HRP, ensuring monthly true-ups are within established materiality thresholds of the actual fee.
Review monthly balance-sheet submissions for accurate accruals, escrows, and loan amortizations, and perform monthly balance-sheet reconciliations.
Understand ownership-specific reporting requirements and accounting treatments.
Review and process payables weekly and process utility payments on time.
Review daily cash positions and forecasts for portfolio properties, and communicate cash surpluses or deficits to HRP management in a timely manner.
Perform daily and monthly bank reconciliations; ensure mortgages are recorded and paid on time.
Review and track bank and self-escrows related to taxes, insurance, and reserves.
Post security deposit payments and reconcile bank accounts.
Ensure lender financial statements are submitted as required; complete quarterly Lender Replacement Reserve Draw Requests by the end of the month following quarter-end and track submissions and receipts according to policy.
Distribute monthly financial reports to owners in accordance with management fee agreements and initiate ownership disbursements as needed.
Prepare quarterly reporting as needed, including reserve reimbursement requests and financial statements.
Distribute variance reports and financial reviews to Community and Regional Managers; provide accounting support to site teams and maintain clear communication and positive working relationships with site and regional teams.
Review agreements for assigned properties and document critical information using organizational tools.
Support the annual audit process and assist with year-end tax procedures.
Work professionally with internal and external customers, participate in periodic training, promote the Live It Culture by example, and perform other duties as assigned.