Multifamily Property Accountant Assistant

Multifamily Property Accountant Assistant

REEP Residential San Antonio, Texas Full-Time | Salary | In-Office 

Position Overview 

The Property Accountant Assistant is responsible for assisting with the financial reporting and accounting operations for a portfolio of multifamily communities and related ownership entities. This role ensures the accuracy and integrity of financial statements, supports month-end close processes, and verifies the data for financial insight to support operational and strategic decision-making. 

The Property Accountant Assistant works closely with the Assistant Controller to maintain compliance with company policies, accounting standards, and internal financial controls across multiple entities. 

Key Responsibilities 

Financial Reporting 

• Prepare the data needed to review monthly financial statements for assigned multifamily properties and ownership entities 

• Assist with analyzing income statements, balance sheets, and supporting schedules 

• Assist with performing variance analysis and provide explanations for fluctuations in revenue and expenses 

General Ledger & Month-End Close 

• Record and post journal entries including accruals, adjustments, and reclassifications 

• Perform bank and balance sheet reconciliations 

• Reconcile subledgers to the general ledger 

• Assist with timely completion of month-end close for multiple entities and properties 

• Maintain supporting schedules and documentation for all financial transactions 

Multi-Entity Accounting 

• Assist with maintaining accurate accounting records across multiple ownership entities and property portfolios 

• Allocate expenses and shared costs appropriately across properties and entities 

• Assist with intercompany transactions and reconciliations 

• Assist with proper entity-level financial reporting and documentation 

Compliance & Internal Controls 

• Assist with maintaining strong internal controls over financial reporting and expense approvals 

• Support external audits, lender reporting, and ownership reporting requirements 

• Maintain documentation for financial records and transactions 

Cross-Functional Collaboration 

• Work closely with property management teams to ensure accurate financial reporting 

• Assist with providing guidance on expense coding, financial processes, and budget adherence 

• Support leadership with ad hoc financial analysis and reporting requests 

Process Improvement 

• Participate in accounting system enhancements and workflow improvements 

• Assist in implementing best practices across accounting and reporting functions 

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Reporting Structure 

Reports to: Director of Finance and Assistant Controller 

      Core Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field preferred 

• At least 1 year of assisting in full cycle accounting experience preferably, but will train a candidate with a strong understanding of general ledger analysis and financial reporting statements. 

• Strong understanding of financial reporting.   

• Strong understanding of GAAP and financial reporting practices 

• Experience with property management and accounting platforms such as ResMan, AvidXchange (Avid), Yardi, AppFolio, or similar systems preferred 

• Strong proficiency in Microsoft Excel 

• High attention to detail and strong organizational skills 

• Ability to manage multiple priorities and deadlines 

• Opportunity to develop into a Property Accountant role based on performance and business needs. 

Work Environment 

This position operates primarily in a professional office environment and routinely uses standard office equipment such as computers, phones, printers, calculators, and financial software systems. 

Physical Requirements 

This position is primarily sedentary and performed in a professional office environment. The employee is regularly required to: 

• Sit for extended periods while working at a computer 

• Use a computer, keyboard, and other standard office equipment 

• Review financial reports and electronic data 

• Communicate effectively verbally and in writing 

The employee may occasionally be required to: 

• Stand, walk, bend, or reach 

• Lift or move items up to 15 pounds 

Job Type: Full-time