Senior Property Accountant

ZRS Management • Orlando, FL

93d

About The Position

The Senior Property Accountant is a critical job function within the Property Accounting team at ZRS Management, LLC. The Senior Property Accountant will report to either a Property Accounting Manager or Controller and is responsible for full-cycle accounting for an assigned portfolio of multifamily properties. This candidate will ensure that accurate and timely financial reports are prepared within prescribed reporting deadlines to our client’s satisfaction.

Requirements

• 3+ Years of Accounting Experience – Residential Property Accounting preferred.
• 4 yr. Accounting or Finance Degree required.
• Possesses excellent computer skills, including proficiency in the software utilized for the specific property.
• Knowledge of Real Page/Yardi/MRI.
• Proficient in Microsoft Office.
• Able to read and write in English in a professional manner.
• Ability to follow and apply Generally Accepted Accounting Principles (GAAP).
• Ability to perform cash forecasting, planning and management.
• Ability to review and analyze financial statements.
• Excellent analytical, communication, and organizational skills.
• Ability to allocate one’s time effectively by prioritizing workload, handling multiple demands, working under pressure, and meeting tight deadlines.
• Strong customer service and interpersonal skills.
• Independent and autonomous work style.
• Demonstrated effective communication skills.
• Detail-oriented.
• Knowledge of business practices and principles.
• Ability to develop and sustain cooperative working relationships and act as a team player.
• Ability to handle multiple projects and tasks.
• Ability to train others.
• Ability to maintain confidentiality.

Responsibilities

• Preparation of monthly financial statements for multiple properties.
• Review of financial statements to provide comments on the properties within their portfolio.
• Responsible for the accuracy and timeliness of the financial reports required by ZRS and our third-party clients.
• Responsible for cash flow management and anticipation of future cash deficiencies for each of the properties assigned.
• Monitoring the daily cash balances and keeping a cash log for all transactions.
• Monthly bank reconciliations, including follow-up and correction of outstanding items.
• Assistance with the review of bank reconciliations prepared by Property Accountants, as needed.
• Management of the payment of invoices and ensuring the timeliness of payments according to the AP schedule for the particular property.
• Responsible for overseeing and following up on critical payments such as real estate taxes, insurance, debt service, etc. for all assigned properties.
• Calculation and processing of required cash distributions to owners.
• Setting up of electronic fund transfers within the various banking portals.
• Communication with on-site teams and other members of the Property Management hierarchy to assist in completing pre-close and close activities.
• Accounting Month End (AME) Preparation – Reviewing of all site reports against general ledger reports.
• Financial Statement Preparation (Prelims) - Responsible for recording all necessary journal entries throughout the month.
• Calculation and review of asset and management fees to ensure accuracy.
• Reconciliation and understanding of all balance sheet accounts and preparation of all supplementary reporting as required.
• Monthly general ledger close.
• Responding to inquiries in a timely manner.
• Monitoring of debt levels and compliance with debt covenants.
• Review of lender escrows (taxes/insurance) and replacement reserve escrows.
• Monthly reconciliation of escrows and reserves, when applicable.
• Reviewing and posting accruals and reclasses, as needed.
• Assistance with the preparation of supporting working papers and documentations for year-end audit processes.
• Assistance with setting up properties within the accounting software and preparing opening entries for new properties.
• Preparation of final operating statements, funds distributions, reconciliations, closing of bank accounts, and any other relevant closing duties for all sold properties.
• Annual follow-up on the status of budgets throughout the draft, revised, and final stages.
• Participation in round table discussions to address any necessary updates to the policies and procedures for the Accounting Department.
• Assistance with training associates on all aspects of the Accounting Cycle, as needed.
• Assistance with special or ad hoc projects and other tasks as needed.

Benefits

• Healthcare: Medical, Dental, Vision, Disability, and Life insurance.
• Employee Assistance Program (EAP) for mental health and wellness.
• Paid time off and floating holidays.
• Flexible 401K plans.
• Credits for fitness programs and incentives for annual check-ups.
• Discount programs for pet insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees