Property Accountant

Hawthorne Residential Partners•Greensboro, NC

15d

About The Position

The Property Accountant oversees the complete financial cycle for a portfolio of multifamily communities. The Property Accounting Department combines full-cycle accounting, treasury, and financial analysis, with an environment intended to foster growth and development. The position reports directly to the Accounting Team Leader and works with Community Managers, Regional Managers, corporate team members, and outside vendors. It has no supervisory responsibilities. The role manages property accounting, monthly financial reporting, balance sheet reconciliations, cash management, payments, lender reporting, and owner and investor servicing. It also supports site and regional teams, annual audits, and year-end tax procedures. The position is salaried and exempt, and may require extended hours during peak periods and some overnight travel for company-sponsored events.

Requirements

Bachelor’s degree in Accounting, Business, or an equivalent combination of education and experience.
Strong attention to detail in processing financial data, identifying discrepancies, and ensuring accurate accounting entries.
Strong analytical skills to review financial reports, identify trends, and offer management insights.
Excellent verbal and written communication skills.
Ability to prioritize tasks, meet deadlines, and manage multiple property portfolios simultaneously.
Ability to maintain confidentiality.
Ability to read, write, and verbally communicate in English.
Ability to apply common-sense understanding to carry out basic written or oral instructions.
Advanced mathematics knowledge, including applying mathematical concepts to practical situations and calculating interest, fractions, percentages, and ratios.
Intermediate knowledge of Microsoft Word, Microsoft Outlook, and Microsoft Excel.
Ability to perform the physical functions of the position, including communicating, seeing, hearing, talking, sitting, standing, walking, reaching, climbing, stooping, kneeling, and crouching; moderately lift or move up to 5 pounds and occasionally up to 10 pounds as needed.
Ability to work in a general office environment.
Some overnight travel may be required for company-sponsored events.
Must complete drug testing, background screening, and an online pre-employment assessment.

Nice To Haves

Knowledge of property management accounting.
Prior experience in property management.
Yardi Voyager knowledge and general ledger experience.

Responsibilities

Oversee accounting, treasury, and reporting for a portfolio of multifamily properties.
Review monthly financial packages, including general ledger reports, budget comparisons, and rolling 12-month profit and loss statements, and coordinate required reclasses, accruals, and explanations with Community Managers.
Confirm the accuracy of petty cash transactions and upload them.
Review and reclassify general ledger entries to ensure operating expenses, major expenses, and capital expenditures are recorded accurately.
Calculate accruals for mortgage interest, property taxes, and insurance.
Calculate and pay management fees to HRP, ensuring monthly true-ups are within established materiality thresholds of actual fees.
Review monthly balance sheet submissions for accuracy of accruals, escrows, and loan amortizations.
Develop an understanding of ownership-specific reporting requirements and accounting treatments.
Perform monthly balance sheet reconciliations.
Review and process payables weekly and process utility payments on time.
Review daily cash positions and forecasts for portfolio properties and communicate cash surpluses or deficits to HRP management in a timely manner.
Perform daily and monthly bank reconciliations.
Ensure mortgages are recorded and paid on time.
Review and track bank and self-escrows for taxes, insurance, and reserves.
Post security deposit payments and reconcile bank accounts.
Ensure lender financial statements are submitted as required.
Complete and submit quarterly lender replacement reserve draw requests by the end of the month following quarter end, and track submissions and receipts according to policy.
Distribute monthly financial reporting to owners in accordance with management fee agreements.
Review and initiate ownership disbursements as necessary.
Prepare quarterly reporting as needed, including reserve reimbursement requests and financial statements.
Distribute variance reports and financial reviews to Community and Regional Managers.
Maintain clear, consistent communication and positive working relationships with site and regional teams, and provide accounting support to site teams.
Review agreements for assigned properties and use organizational tools to document critical information for future reference.
Support the annual audit process and assist with year-end tax procedures.
Work professionally with internal and external customers, foster a team-oriented environment, attend periodic training sessions, and promote the Live It Culture by example.
Perform other duties as assigned.