Property Accountant

About Northland • Newton, MA

7d • Onsite

About The Position

Perform accounting functions under general supervision, including reviewing and preparing monthly financial statements and reporting for multifamily and commercial real estate properties. Ensure accurate and complete accounting records and transactions are prepared and maintained. Support the management and operation of multifamily housing and commercial real estate assets by delivering responsible accounting practices and informative operational and financial reporting services.

Requirements

• A bachelor’s degree preferably in Accounting, Finance, or related field plus 1-3 years of accounting experience, public or private.
• Thorough understanding of full-cycle accounting transactions, and their effects on the General Ledger and financial statements.
• Advanced competency with computers, peripherals, and a variety of software, including Microsoft Office 365.
• Strong verbal and written communication skills.
• Ability to handle pressure, meet deadlines, and set priorities for workload.
• Ability to manage time effectively to support multiple tasks simultaneously.
• Ability to interpret responsibilities and possess the initiative and willingness to assume additional responsibilities.
• Ability to solve routine problems independently.
• Ability to work collaboratively with coworkers and maintain a cooperative, productive atmosphere.
• Excellent interpersonal skills and a customer service attitude are essential for success when communicating effectively with site managers.
• Clear understanding of escrow balances, including real estate, insurance, and replacement reserves.

Nice To Haves

• Exposure to real estate or multi-site accounting preferred.

Responsibilities

• Responsible for 10 to 12 properties for a designated region.
• Perform full-cycle accounting transactions through the General Ledger.
• Review and prepare monthly financial statements and reporting for multifamily and commercial properties, using accrual basis of accounting.
• Prepare interim and year-end audit work papers.
• Maintain appropriate support for journal entries, reconciliations, and reporting deliverables in accordance with company policies and internal control expectations.
• Review and approve invoices for payment.
• Prepare lender reporting and lender replacement reserve funding requests.
• Initiate payments in accordance with requirements of various mortgage notes.
• Complete bank reconciliations.
• Assist in the preparation of capital and operating budgets and assist in re-forecasting property operations.
• Perform cash management functions.
• Utilize property management and accounting software (e.g., Yardi, MRI or similar) to process transactions and generate owner and lender reports.
• Monitor escrow balances, including real estate, insurance, and replacement reserves.
• Perform escalation calculations for commercial properties.
• Act as a team member with all employees of the Northland Investment Corporation staff.
• Read, understand, comply with, and enforce all Northland Investment Corporation policies and procedures.
• Carry out other duties as assigned by supervisors or managers.

Benefits

• Base Compensation: The salary range for this role is $70,000 to $77,000 annually, depending on experience and qualifications.
• Competitive Bonus Structure
• 401(k) + Company Match
• Medical, Dental, & Vision Insurance
• Generous PTO (including well-being time)
• Employee Apartment Discounts
• Employee Assistance Program
• Educational & Vocational Assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level