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Property Accountant

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Stamford
 CT
Postal Code
06901
Country
United States

This job is no longer active.

Description


About Spirit Investment Partners and Spirit Management Services

Spirit Investment Partners (“Spirit”) is a fast growing, entrepreneurial real estate investment and development firm that utilizes our experience, integrity and creativity to achieve superior financial returns for our partners and clients.  Founded in 2010, Spirit has since grown into a vertically integrated real estate operating company headquartered in Stamford, CT, with a West Coast office in Orange County, CA.  Spirit Investment Partners focuses on the acquisition of value-added and development opportunities involving mixed-use and multifamily real estate located throughout the United States.  Spirit has successfully executed its business model and generated high returns in partnership with some of the most well-respected domestic and international investment funds and family offices.  Spirit has performed over $1.1 billion in real estate transactions in eleven states, involving approximately 6,000 multifamily units.

Spirit Management Services ("SMS"), a subsidiary of Spirit Investment Partners, is a property and construction management firm responsible for servicing both Spirit and client owned portfolios.  SMS is a rapidly growing property and construction management company that has doubled its staff in the past year with growth anticipated to continue.  SMS currently manages a portfolio of 10 properties and has completed over $133 million in renovation projects. 

Why Spirit?

  • Spirit is a rapidly expanding company with room for growth in many areas that prefers to promote from within.
  • Spirit is a team environment with a strong family feel. 
  • Spirit team members receive consistent support, direct communication, and transparency from managers and ownership.
  • Spirit team members feedback and input is valued and strongly encouraged.  There is always a way to improve what we do.
  • Any and all ideas for improving Spirit policies, process and procedures are very much appreciated. 
  • Spirit team members are self-starters.  We do not micromanage here at Spirit!
  • There is no discord between Spirit Investment Partners and Spirit Management Services.  Everyone works together and pitch in wherever and whenever needed. 
  • Unlike most large companies, you won’t feel like a number here at Spirit.  Your hard work does not go unrecognized.

About the Position

Spirit Management Services, a subsidiary of Spirit Investment Partners (“Spirit”), is seeking a highly motivated property accountant to be a part of its rapidly growing commercial real estate services and investment team.  This accountant will play a key role, working directly with Spirit’s senior management and on-site property management teams in all phases of its real estate property accounting for its portfolio of multifamily and mixed-use assets.  This accountant will report directly to Spirit’s Senior Controller (Certified Public Accountant) whom has 25 years of industry experience, 13 years of which have been with Spirit.  This is a partly remote position with in-person office attendance located in SMS’s corporate offices in Stamford, CT.  Additionally, this position will provide support to Spirit’s West Coast office located in San Clemente, CA, as well as the onsite teams at its portfolio of properties across the country. 
 

Primary Responsibilities and Duties

  • Prepare all aspects of the monthly financial statement packages, including journal entries, general ledger analysis & review, distribution of reports and month end closing in a timely manner.
  • Review renovation expenses for proper capitalization.
  • Monitor and maintain operating cash balances.
  • Manage property accounts payable input, approvals and timely payments.
  • Ensure timely payments of all debt, real estate taxes, insurance and cash distributions to investors.
  • Reconcile tenant security deposits between bank accounts.
  • Work hand-in-hand with property managers, regional property managers, asset managers, and acquisition professionals to ensure accounting information accurately and completely reflects property activity in accordance with company policies.
  • Preparation of the month and year-end close process including financial statement preparation, accruals, bank reconciliations, and distributions.
  • Compliance with all lender and other reporting requirements.
  • Collect, review and process contractor invoicing, including lien releases and other required documentation.
  • Coordinate loan draw requests and correspondence with lenders.
  • Coordinate with outside tax preparers on projections and year-end tax filings and distribution of partner K-1 forms.
  • Account for new acquisitions, debt refinancing’s and dispositions including preparation of appropriate journal entries.

Qualifications, Skills & Attributes

  • A Bachelor’s degree, or higher, with an accounting major.
  • Minimum of five years’ experience in real estate accounting; multifamily property type is preferred.
  • Experience with real estate industry accounting software, specifically the Real Page suite of products.
  • Experience with Microsoft Office Suite, including proficiency in Excel.
  • Excellent verbal and written communication skills.
  • Well organized and flexible with the ability to multi-task and react to changing priorities.
  • Ability to work in a fast-paced, self-directed, entrepreneurial environment.

Additional Information

SMS offers competitive salaries, benefits package and attractive bonus incentive opportunities.  If you are interested in becoming an integral part of a growing, entrepreneurial, team-oriented, and dynamic organization where your contributions will be recognized and rewarded, please submit a cover letter and resume.

Spirit Management Services is an equal opportunity employer committed to cultural diversity.

 

Job Sectors


 

Experience


5+ to 7 years


This job is no longer active.

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