Description
POSITION SUMMARY: The Property Accountant primary responsibility is to record the daily accounting for a portfolio of properties. This position prepares journal entries, work papers, account reconciliations and other summary reports to support and for presentation in the financial statements.
CORE RESPONSIBILITIES:
• Responsible for the daily accounting for a portfolio properties. Completes work papers in the following areas: real estate tax, CAM, insurance, rental income, other property income and non-recoverable expense.
• Reviews the balance sheet and income statement to ensure all transactions are recorded appropriately and timely. Analyzes and understands fluctuations in account balances and identifies variance drivers.
• Prepares and reviews documentation and records journal entries for acquisitions and dispositions of real estate.
• Ensures compliance with internal controls and recommends additional policies and procedures to enhance controls.
• Reconciles fixed asset additions, calculates depreciation (GAAP and tax basis) and prepares a fixed asset rollforward.
• Responsible for monitoring debt for the portfolio. This includes reviewing monthly debt service payments, preparing debt compliance reports and calculating debt service coverage ratios.
• Prepares and analyzes reports for monthly internal reporting package. This includes preparing supporting information for SEC filings.
• Other duties as assigned.
QUALIFICATIONS:
Education: This position requires a Bachelor’s degree (B.A.) in accounting or finance from a four-year college or university or equivalent professional knowledge and/or work experience.
Experience: This position requires 3 to 6 years of prior professional experience in accounting, preferable in a real estate environment.
Skills:
• Strong skills in Microsoft Excel are required for this position.
• Knowledge of JD Edwards and Yardi (or comparable general ledger software program) are preferred for this position.
• Strong verbal and written communication skills.
This job is no longer active.