What are the responsibilities and job description for the Property Accountant position at RADCO?
The position will assist in the preparation and review of monthly financials and month-end close-outs for hotel and residential real estate projects. This position will be responsible for several properties to help support internal Investment Management and our 3 rd party business partners.
Essential Duties And Responsibilities
Essential Duties And Responsibilities
- Work in coordination with 3 rd party partners, property managers and investment managers to supply accurate and timely monthly financial statements, including balance sheet, income statement, cash flow reports and variance analysis.
- Provide effective and professional communication to senior management, business partners, and lenders, including business letters, monthly project reporting, and variance explanations.
- Review and monitor income and property expenses/ accruals for accuracy and completeness.
- Review annual property budget templates and load into company’s financial system.
- Submit construction draws to bank or equity partners for funding.
- Establish, maintain, and update files, databases, records, and/or other documents; develop and maintain data, and perform routine analyses and calculations in the processing of data for recurring internal reports.
- Ability to produce high quality reports and written documents.
- Work in conjunction with project management to determine current cash position, budget status and new project set up.
- Other accounting duties including but not limited to property bank reconciliations, replacement reserve draws, lender financials, quarterly cash forecasting, quarterly investment notes, and special projects.
- Four-year college degree with a major in Accounting
- 2-5 years of experience working in the Accounting field
- Experience with Yardi Accounting software is a plus
- Self-motivated and works well in a group setting
- Ability to work in a challenging, high paced environment
- Well organized with strong interpersonal and communication skills
- Proficient in Microsoft Office Suite, specifically Microsoft Excel