Property Accountant

CLS Living•Austin, TX

3d•Onsite

About The Position

At CLS Living, our mission is simple: to deliver an unparalleled resident experience and foster an exceptional workplace environment. We are committed to building a world-class team of passionate individuals who thrive in a culture of positivity, creativity, and continuous growth. Each day brings new opportunities to innovate, lead, and make a meaningful impact. We take pride in our vibrant, design-forward communities and in the devoted teams who manage them with care and integrity. Our success starts with our people—and when our team thrives, our residents do too. We are looking for a dynamic Property Accountant to join our growing accounting team located at our corporate office in Austin, Texas. In this role, the accountant will be responsible for all day-to-day accounting functions for the assigned portfolio of properties and will be the primary accounting liaison to operational staff and corporate departments for the assigned properties. This position requires a solid understanding of all aspects of accounting and attention to detail.

Requirements

A bachelor's degree in accounting, and 3-5 years' experience in accounting.
Strong knowledge of accounting principles, including GAAP (Generally Accepted Accounting Principles) is essential. Proficient in financial analysis and financial reporting.
Understanding of lease accounting, property valuation methods, and industry-specific financial metrics.
Experience with accounting software and property management systems is often required. Proficient in using software such as Entrata, Yardi, MRI Software, QuickBooks, or similar platforms.
Strong analytical skills to interpret financial data, identify trends, and make strategic recommendations. Must be able to analyze property performance, assess investment opportunities, and evaluate financial risks.
Effective communication skills are essential for interacting with colleagues, tenants, vendors, and other stakeholders. Need to be able to explain financial concepts clearly, collaborate with cross-functional teams, and address inquiries professionally.

Nice To Haves

Certified Public Accountant (CPA) or Chartered Accountant (CA), preferred.
Property accountants should be adept at identifying and resolving financial issues efficiently. Must be proactive in addressing discrepancies, reconciling accounts, and implementing corrective actions as needed.

Responsibilities

Prepare monthly financial statements/reporting packages, including journal entries, reconciling and rolling forward balance sheet accounts, ensuring proper coding of income and expense items, bank reconciliations, and variance explanations.
Assist with internal and external audits by providing financial data and supporting documentation.
Assist in maintaining compliance with internal controls and company processes.
Prepare quarterly and annual loan compliance reporting for lenders.
Assist in providing external tax preparers with information necessary to prepare entity-level tax returns.
Manage cash flow for the assigned property portfolio.
Work closely with property managers, asset managers, and other stakeholders to achieve property objectives and financial goals. Communicate effectively and provide financial insights to support decision-making.