Senior Property Accountant
About The Position
The Senior Property Accountant will maintain financial statements for commercial and multifamily real estate properties. This role requires a BS Degree in Accounting, CPA preferred, and a minimum of five years of work-related experience. The position involves preparing monthly financial statements and supporting schedules, performing monthly bank reconciliations, mortgage escrow account reconciliations, and creating journal entries. The Senior Property Accountant will also be responsible for balance sheet reconciliations, recording transactions from closing statements, calculating owner distributions, monitoring cash flow and accounts payable, and validating management fee calculations. Additionally, this role will assist owners with year-end audit/tax reporting, develop cash forecasts, and aid in the onboarding of new properties. The Senior Property Accountant will also handle monthly bank reconciliations for master accounts, special projects, and train/support accounting team members.
Requirements
- BS Degree in Accounting
- CPA preferred
- Minimum five years' work-related experience
- Accounting experience including financial statement reporting, bank reconciliations and journal entries
- GAAP reporting experience
- Advanced Excel skills
- Financial planning experience
- Real estate experience
Nice To Haves
- MRI or Yardi experience
Responsibilities
- Prepare monthly financial statements & supporting schedules
- Monthly bank reconciliations, research and resolve reconciling items
- Mortgage escrow account reconciliations
- Journal entries, including accruals, depreciation and amortization, etc.
- Balance sheet reconciliations
- Record transactions from a closing statement
- Calculate distributions to owners
- Monitor cash flow and accounts payable
- Validate/calculate monthly management fee calculation
- Assist owners with year-end audit/tax reporting
- Develop and update short- and long-term cash forecasts to assess available liquidity and support owner distribution planning
- Assist with the onboarding of new properties, record activity from prior manager, monitor utility, mortgage, and other sensitive vendor
- Monthly bank reconciliations for master accounts and resolution of reconciling items
- Special projects
- Train and support accounting team members
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
