What are the responsibilities and job description for the Property Accountant position at MAFÉ Resources?
Fully integrated real estate company focused on owning, managing, and investing in high-quality real estate assets across North America.
Role: Residential Property Accountant
Position Overview
Property Accountant is responsible for the bookkeeping of residential apartment properties, which can include up to approximately 5 entities per property accountant, depending on the size of the property.
Key Responsibilities
- The property accountant will be responsible for posting daily deposits to cash sheets, preparing and posting journal entries, including reclassifications & accruals. Enter info into FAS software which calculates depreciation. Record monthly depreciation entry, calculate utility accruals, post mortgage payment, real estate tax, insurance and interest accruals.
- Prepare a monthly binder for each property including monthly financial statements, general ledger and supporting schedules for each balance sheet account.
- Review general ledger and income statement for proper coding of invoices, additional accruals and reclasses needed.
- Research, explain & work with property managers to correct outstanding items on bank reconciliations.
- Understanding of intercompany accounts.
- Must have full understanding of accounting concepts.
- Strong Excel skills. Monthly backup schedules are maintained in excel.
Required Qualifications
- Demonstrated experience in residential property accounting
- Strong understanding of accrual-based accounting and balance sheet reconciliation
- Experience with high-volume accounting environments
- Proficiency in accounting systems such as Microsoft Dynamics, NetSuite, Sage, or QuickBooks
- Ability to work independently and meet deadlines consistently
- Local to the Palm Aire area or within commuting distance