Senior Property Accountant - Multifamily

WOODMONT REAL ESTATE SERVICES L P • Belmont, CA

5d • $100,000 - $115,000 • Onsite

About The Position

The Senior Property Accountant - Multifamily position is primarily responsible for the processing of multiple multifamily accounting entities, including CAM calculations. This role involves preparing monthly financial statement packages, reviewing financial statements for multifamily assets, and handling general accounting tasks. The position requires daily interface with property and regional managers, collaboration with other team members, and maintenance of property files.

Requirements

• A minimum of five years of previous accounting experience.
• Knowledge of property accounting and lease analysis.
• Solid understanding of Common Area Maintenance (CAM - recoveries/billbacks) calculations.
• Strong oral and written communication skills.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Must have excellent computer skills including strong knowledge of Microsoft Office including Outlook, Word and Excel.
• Strong mathematical skills required.
• Ability to calculate figures and amounts such as discounts, interest, bonuses, proportions, percentages.
• Ability to apply concepts such as fractions, percentages, and proportions to practical situations.
• Basic accounting principles.

Nice To Haves

• Yardi and MRI experience preferred
• other property management software packages helpful

Responsibilities

• Responsible for the preparation of multiple property financial statement packages, including CAM estimate and actual calculations.
• Monthly review of multiple multifamily asset financial statements. Due dates range from the 4th business day through the 25th of each month; 25% of F/S reviewed every month is shared with the CFO.
• Prepare monthly financial statement packages for several multifamily asset entities. Specific responsibilities include: Posting of cash receipts, Input lease abstracts, Process move-outs and security deposit refunds, Process rent rolls and delinquency reports, Review A/P coding and descriptions, Bank reconciliations, Monthly Property Management Fee calculations, CAM set up and calculations.
• Handle general accounting: review A/P Prelim report for coding and description accuracy, G/L account analysis, journal entries, bank rec, management fee calculations, reconciliation of scheduled rent to actual rent billed, amortization and depreciation schedules if required.
• Maintain cash records for each property and perform cash management functions. Daily interface with property and regional managers. Work closely with other commercial property accountant team members and our A/P Specialists.
• CAM reconciliations are done using a variety of methods: primary in MRI and in Excel.
• Maintain property files including insurance, property tax and mortgage documentation on Excel for prepaid, accrued and amortization.
• Other duties as assigned.

Benefits

• medical, dental, and vision plans with options for flexible spending accounts (FSA) and health savings accounts (HSA).
• generous PTO plan and 10 company holidays, in addition to your standard Sick time.
• access to our Employee Assistance Program (EAP)
• 401K retirement plans
• guaranteed life insurance
• short- and long-term disability coverage
• monthly stipends for mobile plans
• Commuter Assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior