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, performing bank and mortgage escrow account reconciliations, making journal entries, and reconciling balance sheets. The Senior Property Accountant will also record transactions from closing statements, calculate owner distributions, monitor cash flow and accounts payable, and validate management fee calculations. Additionally, the role involves assisting owners with year-end audit/tax reporting, developing cash forecasts, onboarding new properties, and training accounting team members.
Requirements
- 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
- CPA preferred
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
