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FYVE Realty
North Charleston, SC | Full Time
$54k-66k (estimate)
10 Months Ago
Property Accountant
FYVE Realty North Charleston, SC
$54k-66k (estimate)
Full Time 10 Months Ago
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FYVE Realty is Hiring a Property Accountant Near North Charleston, SC

Job Summary
This individual will be responsible for taking point with end of month closings including but not limited to the following:
Responsibilities:Job Complexity & Critical Skills
  • The Property Accountant must perform the job duties with a view toward projecting a professional and competent image. The timeliness and professional responses are key to this position.
  • The position is fundamental to the accounting and financial analysis of an Association as such requires knowledge of the accrual basis of accounting, with attention to detail, solid time management, and good interpersonal skills.

 Essential Duties and Responsibilities:
include the following but are not limited to the job specifications contained herein. Additional duties or job functions may be required as deemed necessary by supervisory personnel.
  • Prepare and deliver Financial Statement packages for an assigned portfolio of multifamily properties following quality standards as instructed. Verify correctness of information prior to submission.
  • Prepare Balance Sheet reconciliations and supporting schedules. Analyze the Balance Sheet and Income Statement accounts for accuracy.
  • Complete all general ledger accounting such as accruing for property taxes, insurance, and other property expenses.
  • Prepare and post journal entries to the General Ledger. Review periodic reports of general ledger accounts to ensure accuracy and correct errors prior to close of accounting period.
  • Review and analyze transactions from Accounts Receivables and Accounts Payable to ensure they have been accurately coded and recorded. Work with AP and AR to investigate, resolve, and/or report on discrepancies.
  • Research, analyze, identify, and explain any variances or unexplained items on the Income Statement and changes on the Balance Sheet.
  • Prepare additional financial reports to be included in the Financial Package as requested by our clients.
  • Analyze and post end-of-year audit adjusting entries.
  • Provide assistance and guidance to Property Management by answering questions regarding monthly Financial Statements and other related matters. Responsible for monthly financial statement package preparation.
  • Cross train for all accounting functions.
  • Assisting as directed by supervisor in preparing annual and monthly budgeting and forecasting.
  • Preparing various ad-hoc reports as requested.
  • Must have ability to prioritize and multi-task.
  • Assisting in accounting or operations projects from time to time as requested.
  • Manage operating cash accounts for assigned properties, including recording bank fees and preparing bank reconciliations.
  • Responsible for month-end close accounting and review
  • Ensure the accuracy of financial statements in accordance with GAAP and compliance to internal policies.
Job Qualifications
  • Education: Bachelor's degree in Accounting or Business Administration required
  • Experience: 2-4 years of related experience; or equivalent combination of education and experience
  • Ability to calculate figures and amounts such as discounts, interest, commissions, management fees and various expense reimbursements. proportions, and percentages. Ability to apply concepts of basic algebra.
  • Ability to define problems, collects data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several dependent and concrete independent variables.
  • Ability to work remotely while being part of the virtual team and managing deliverables.
Skills
  • Excellent verbal and written communication
  • Strong analytical skills complimented by clear verbal and written communication skills.
  • Fanatical discipline and relentless desire to do what needs to be done.
  • To perform this job successfully, an individual should have knowledge of Property Accounting software; Spreadsheet software and Word Processing software. Strong computer skills; proficiency in Excel is required.

Job Summary

JOB TYPE

Full Time

SALARY

$54k-66k (estimate)

POST DATE

05/25/2022

EXPIRATION DATE

01/05/2023

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The job skills required for Property Accountant include Accounting, Analysis, General Ledger, Accounts Payable, Financial Statements, Balance Sheet, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.

If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Property Accountant job description and responsibilities

Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.

04/12/2022: San Antonio, TX

Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.

03/10/2022: Springfield, MA

A property accountant for a hotel chain might also produce profit and loss reports during the same periods.

02/24/2022: Longview, TX

Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.

01/25/2022: Tulsa, OK

Property accountants are responsible for the daily accounting operations on public properties.

03/27/2022: Bakersfield, CA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Property Accountant jobs

Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.

03/18/2022: Providence, RI

Some property accountants oversee the finances of maintenance and repair expenditures.

03/17/2022: Raleigh, NC

Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.

03/13/2022: Somerset, NJ

Property accountants complete general ledger entries and manage cash balances.

02/26/2022: Springfield, IL

Property accountants assist with the preparation of documents for annual audits and tax filing processes.

01/23/2022: Portsmouth, OH

Step 3: View the best colleges and universities for Property Accountant.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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