What are the responsibilities and job description for the Property Accountant position at Cherry Bekaert?
Property Accountant
We are seeking a detail-oriented Property Accountant to manage the day-to-day financial operations and monthly reporting for a portfolio of housing properties. This role offers the opportunity to work within a specialized accounting environment involving housing subsidies, compliance reporting, and regulatory escrows.
Key Responsibilities
- Prepare monthly financial statements, including bank reconciliations, balance sheet reviews, income statements, and cash flow analysis for assigned properties
- Lead year-end audit preparation, including work papers and audit packages for external auditors
- Support HUD REAC financial submissions and ensure compliance with lender and investor reporting requirements
- Monitor and reconcile escrows, including replacement reserves, residual receipts, prepaid/delinquent balances, and tenant security deposits in accordance with HUD and state guidelines
- Partner with Regional and Property Managers to review budget variances and ensure accurate financial reporting
Qualifications
- 2 years of property accounting experience
- Proficiency with property management systems such as Yardi (Voyager/Affordable) or RealPage/OneSite
- Advanced Excel skills (VLOOKUPs, pivot tables, data analysis)
- Strong understanding of GAAP
- Ability to manage multiple priorities and deadlines in a fast-paced environment
- Bachelor’s degree in Accounting, Finance, or related field
Preferred
- Experience with HUD regulations
- Familiarity with MOR audits and LIHTC/tax credit compliance
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