Property Accountant (Foster City Office)

MidPen Housing•Foster City, CA

9d•$80,000 - $90,000•Onsite

About The Position

The Property Accountant reports to the Accounting Manager is responsible for the financial closing and reporting of a multiple partnership portfolio, including the analytical review and reconciliation of all entities in the portfolio in compliance with US GAAP and the MidPen Policy and Procedures for Financial Reporting. Excellent written and verbal communication skills are required, as the Property Accountant will work with a variety of team members in Property Management, Asset Management, and Resident Services as well as the management team at MidPen. This position is also responsible for communicating financial results to all levels in the organization.

Requirements

Bachelor’s degree in the field of Accounting or Finance and three years of experience in accounting and financial analysis or an equivalent combination of education and relevant experience
Experience using Property Accounting ERP software and working knowledge of leasing and rents - Real Page and OneSite software experience preferred
Strong GAAP knowledge required
Experience in accounting for partnerships and related party transactions preferred
Proficient using Microsoft Office including Excel, Word, One Drive, and Outlook
Strong ability to work independently and understand and explain financial concepts
Detailed oriented – must be able to produce work product with a high level of accuracy
Highly organized - ability to multi-task, track progress, and balance priorities
Excellent written and verbal communication skills
Must be able to communicate with diverse parties within the Accounting team, Property Management, and Asset Management teams, and work collaboratively with those parties
Possess the ability to analyze complex accounting transactions, understand complex accounting treatment of a variety of transactions, and resolve discrepancies in the financial data as part of the period closing process
Commitment to the Mission and Values of MidPen Services and MidPen Housing

Nice To Haves

Real Page and OneSite software experience preferred
Experience in accounting for partnerships and related party transactions preferred

Responsibilities

Analyzes and interprets financial information, compiles and reports data for assigned portfolio of properties
Prepares complex account reconciliation and journal entries. Performs on-going analytical review in support of the monthly close process. Prepares monthly analysis of account variances
Ensures all inter-entity transactions are in balance. Analyzes variances prior to financial reporting close
Reads and understands compliance and partnership documents, including regulatory and loan agreements, as well as the accounting treatment associated with each document
Proactively researches and documents conclusions on accounting issues with appropriate understanding of relevant GAAP pronouncements
Participates in meetings to communicate and share accounting and analysis information
Prepares annual audit schedules and works with external auditors to complete audited financial statements and tax returns and ensures all are filed within timeline of partnership and other agreements
Reviews and understands audits and footnotes prepared by external auditors. Monitors adherence to audit requirements and ensures full compliance in accordance with regulatory agencies
Confirms surplus distributions are correctly calculated and appropriately distributed
Presents financial information and appropriately answers accounting questions to management and boards of directors, as requested
Provides ad-hoc reporting, as requested
Reviews work prepared by the outsourced accounting team
Performs other duties as assigned