Real assets. Real results. Waypoint Residential is a vertically-integrated investment firm focused on developing Class-A multifamily projects in high-growth markets throughout the Sunbelt region. Since 2011, Waypoint’s investment activity has exceeded $5.8 billion across more than 33,000 multifamily housing units.

We are looking for an experienced Property Accountant who is responsible for performing general accounting functions for properties that are part of the Waypoint portfolio. The ideal candidate will have accounting experience in a real estate/property management setting and be savvy with Yardi software. This is a full-time, salaried position reporting to the Director of Accounting. Waypoint is pleased to offer comprehensive benefits including paid time off, medical, dental, disability, life insurance, and a 401(k) plan with employer matching.

Duties:

• All accounting functions for investment-level entities including calculation of monthly investor distributions, tracking investments in and receipts from property-level entities.
• Prepare monthly and year-to-date financial statements including balance sheet and bank account statement reconciliations.
• Review the general ledger and prepare journal entries for capitalization, depreciation, amortization, reclassifications, accruals, and other types of entries.
• Review entity and general ledger account coding prior to posting accounts payable batches.
• Prepare variance analysis and include the review of any internal operational or third-party prepared reports.
• Calculate and pay monthly asset management fees and distributions.
• Ensure timely payment of all debt service, property taxes, and utilities.
• Work with property managers, regional managers, asset managers, development, and acquisition teams to ensure accounting information accurately and completely reflects property activity in accordance with company policies.
• Monitor and periodically prepare reimbursement requests to the lender for repairs, replacements, and other escrows.
• Abstract, prepare, and submit periodic reports to meet lender compliance requirements.
• Assist auditors in performing year-end audits of financial statements.
• Analyze and interpret operating and financial Information regarding profitability, capital expenditures, and performance against budget.
• Maintain adequate internal controls to help achieve company objectives according to company policies and procedures.
• Preparation of workpapers for annual tax returns and K-1s.

Requirements:

• Minimum of 5 years’ experience as a property accountant in real estate and property management sector.
• Minimum of 2 years’ experience with property accounting/analysis, operations, and reporting.
• Hands-on experience maintaining multiple properties at a time, on an accrual and cash basis up through the financial statement and balance sheet.
• Bachelor’s Degree in Accounting or Finance.
• Proficiency with Yardi, Excel and Outlook.
• Must be able to work “hands-on” in a fast-paced, dynamic team-oriented environment.
• Excellent verbal and written communication skills and able to collaborate with others across the organization.