Property Accountant

Gray Capital LLC•Indianapolis, IN

2d•Onsite

About The Position

Gray Residential is a multifamily owner-operator with a growing portfolio of communities across the Midwest. We manage our properties directly, which means our accounting function sits close to operations — the people on this team aren't running reports from a distance, they're working alongside the property managers and regional teams whose financials they own. We're hiring a Property Accountant to take on the full-cycle accounting for a set of properties in the portfolio. This is a hands-on role with real ownership, reporting directly to the Controller. You'll own the books for a defined slice of the portfolio. That means running the month-end close — journal entries, accruals, bank reconciliations, balance sheet recs, and producing the financial statements that go to ownership and our property teams. You'll work primarily in RealPage, posting entries, uploading batches against our GL coding standards, and making sure the numbers tie out before they leave your desk. Accounts payable is part of the role too — invoice coding, approval routing, and vendor payments — alongside utility management accounting, where you'll track invoices, allocations, and reconciliations across the properties you own. You'll reconcile security deposits, prepaid expenses, and intercompany balances, support owner distributions, and pull together documentation for audits, lender requests, and ownership reporting. Beyond the close cycle, you'll partner with the Controller on budget prep, variance analysis, and process improvements. We're actively integrating AI-powered tools into how the accounting team works — there's room for someone who wants to be part of shaping that.

Requirements

1–5 years of accounting experience.
At least one year of property management or real estate accounting experience.
Understanding of multifamily financials at the property level.
Fluency in RealPage, including journal entry uploads, GL coding, and financial reporting.
Experience with month-end close processes (bank reconciliations, AP, accruals).
Knowledge of utility management accounting, including multifamily utility allocations, RUBS, billbacks, and reconciliations.
Strong Excel skills (formulas, pivot tables, data manipulation).
Organized and deadline-driven.
Bachelor's degree in Accounting, Finance, or a related field.
Solid grounding in GAAP and property-level financial reporting.

Nice To Haves

Curiosity about AI tools and willingness to integrate them into workflows.
Exposure to intercompany or management company/operating entity structures.
Experience working across a multifamily portfolio at scale.

Responsibilities

Run the month-end close, including journal entries, accruals, bank reconciliations, and balance sheet reconciliations.
Produce financial statements for ownership and property teams.
Post entries and upload batches in RealPage against GL coding standards.
Manage accounts payable, including invoice coding, approval routing, and vendor payments.
Handle utility management accounting, tracking invoices, allocations, and reconciliations.
Reconcile security deposits, prepaid expenses, and intercompany balances.
Support owner distributions.
Pull together documentation for audits, lender requests, and ownership reporting.
Partner with the Controller on budget preparation, variance analysis, and process improvements.