Property Accountant

Prometheus Real Estate Group • San Mateo, CA

2d • Hybrid

About The Position

Prometheus is seeking a motivated individual to join our accounting team as a Property Accountant. The Property Accountant performs real estate accounting duties for operating and development properties including but not limited to maintenance and analysis of accounting records; preparing monthly financial reports and cash flow projections and other reports as required by management or owners.

Requirements

• High school diploma or general education degree (GED).
• Minimum of 4 years of relevant accounting experience.
• Strong working knowledge of issues, procedures and practices associated with property management, real estate, construction and partnership accounting.
• Must possess basic computational skills.
• Must be able to prepare and analyze data figures and transcriptions generated by a computer.
• Computer proficient in Windows, MS Office, Word, Excel, Outlook, OneSite.

Nice To Haves

• Bachelor’s degree in accounting or finance preferred.
• Real estate accounting experience with use of property management software a bonus.
• Hands-on experience with property management / job cost accounting system such as Sage, OneSite or Yardi preferred.

Responsibilities

• Prepare and review property financial statements and related supporting documents to ensure the financial statements are correct and in conformity with GAAP.
• Prepare a monthly financial summary analysis and participate in monthly financial review meetings, demonstrating an understanding of the financial results of the assigned portfolio.
• Prepare loan compliance reports and assist with annual budgets.
• Complete month-end close activities in accordance with monthly accounting close calendar and month-end review checklist, ensuring items are completed within defined deadlines and all journals are posted timely and accurately.
• Maintain accounting records for residential and commercial properties including recording journal entries, preparing financial statements, variance review and bank reconciliation.
• Prepare balance sheet reconciliations and review trial balances to ensure all activity is properly classified in the property level general ledgers.
• Provide year-end compliance audit and/or tax return workpapers.
• Assist the Tax Department in preparation of tax working papers, tax projections, audit packages, and fixed asset schedules.

Benefits

• Medical; Vision; Dental:100% Company-paid plans (including eligible dependents) and affordable buy-up options
• Life Insurance; Accidental Death & Dismemberment Insurance; Long Term Disability
• Behavioral Health Program Accessible 24/7
• Tax-Free Flexible Spending Accounts
• 401(K) Retirement Plan with Employer Matching
• Recognition & Rewards Program (Torch)
• Vacation: 10 days per year with accrual increasing over time
• Anniversary Vacation: 40-hour Vacation Granted at Tenured Milestones
• Sick Leave: 9 days per year
• 12 paid holidays, including your birthday!
• Paid Volunteer Time
• Tenure-based Housing discounts
• Educational Assistance, Tuition Reimbursement
• Referral Bonus
• Hybrid Work Schedule

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED