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Senior Property Accountant

$90,000 - $110,000/Yr

Urban Investment Partners - Washington, DC

posted 11 days ago

Full-time - Mid Level
Washington, DC
Real Estate

About the position

The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close-in suburbs, Hyattsville, MD, and Arlington, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors. The Senior Property Accountant is responsible for all financial and analytical procedures for a group of assigned multi-family properties, working closely with the Community Managers on performance, variances, and reconciliations. This is a great opportunity for someone who thrives in a fast-paced, entrepreneurial environment with prior property accounting experience.

Responsibilities

  • Prepare and maintain accurate financial statements, including income statements, balance sheets, and cash flow statements in an audit ready format.
  • Preparation of timely and accurate monthly, quarterly, and annual financial reporting.
  • Review Bank Reconciliations and Intercompany tie outs.
  • Prepare General Ledger Posting, Recurring, and Reclass Entries.
  • Prepare appropriate Workpapers and Roll forwards for All Balance Sheet Accounts.
  • Track closing calendar and checklist on a monthly schedule.
  • Variance reporting current vs prior and actual vs budget review.
  • Oversee rent collection processes and ensure timely collection of rent and other property-related income.
  • Maintain accurate tenant ledgers, including rent payments, security deposits, and other charges.
  • Work with Community Managers to follow-up on tenant inquiries and disputes related to financial matters.
  • Review balance sheet related Accounts Payable ensuring timely payment of bills and expenses.
  • Follow Up with Community Managers on Outstanding AP and AR balances.
  • Monitor and report daily cash balances.
  • Ensure priority expenditures are processed i.e., mortgage, tax, utilities.
  • Review and analyze lease and loan agreements for financial implications.
  • Ensure accurate lease accounting and revenue recognition.
  • Collaborate with Community Managers to provide financial insights and decision-making support.
  • Prepare annual audit packages for all assigned properties to assist with audits, reviews, compilations, and tax return preparation.
  • Liaise with external CPA firm on matters related to the annual audits and tax returns.
  • Lead acquisition and disposition accounting activities.
  • Review job cost tracking, analysis, and financial reporting.
  • Perform draw to GL reconciliation and financial reporting.

Requirements

  • BA/BS in Accounting or Finance.
  • 5+ years of real estate accounting experience with preference in property accounting management and/or controller role.
  • A thorough knowledge of GAAP.
  • Strong communication and interpersonal skills, both verbal and written.
  • Exemplary problem-solving and analytic skills.
  • A strong sense of accountability and thrives in a collaborative environment.
  • Excellent organizational and prioritization skills with a keen sense of urgency, works well under pressure, and consistently meets deadlines.
  • Advanced Microsoft Office skills, particularly Word and Excel.

Nice-to-haves

  • Previous experience in a development and construction environment.
  • Knowledge of Yardi software.
  • CPA or CMA certification.

Benefits

  • Performance-based bonuses.
  • Comprehensive health, dental, and vision insurance.
  • 401k with company matching.
  • Paid time off and 12 company paid holidays.
  • Professional development and career growth opportunities.
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