REEP Corp - Multifamily Property Accountant

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

Position Overview

The Property Accountant is responsible for overseeing 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 provides financial insight to support operational and strategic decision-making.

The Property Accountant works closely with asset management, property management, and leadership teams to maintain compliance with company policies, accounting standards, and internal financial controls across multiple entities.

---

Key Responsibilities

Financial Reporting

· Prepare and review monthly financial statements for assigned multifamily properties and ownership entities

· Ensure financial statements are accurate, timely, and compliant with company reporting standards

· Analyze income statements, balance sheets, and supporting schedules

· Perform variance analysis and provide explanations for fluctuations in revenue and expenses

· Prepare financial reporting packages for leadership and ownership groups

---

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

· Ensure timely completion of month-end close for multiple entities and properties

· Maintain supporting schedules and documentation for all financial transactions

---

Multi-Entity Accounting

· Maintain 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

· Ensure proper entity-level financial reporting and documentation

---

Budgeting & Forecasting Support

· Assist with annual property budget preparation

· Monitor budget-to-actual performance and identify financial trends

· Support forecasting and financial planning activities

· Provide financial analysis to assist property and asset management teams with operational decisions

---

Compliance & Internal Controls

· Ensure compliance with GAAP and company accounting policies

· Maintain 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

· Provide guidance on expense coding, financial processes, and budget adherence

· Support leadership with ad hoc financial analysis and reporting requests

---

Process Improvement

· Identify opportunities to improve accounting efficiency and reporting accuracy

· Participate in accounting system enhancements and workflow improvements

· Assist in implementing best practices across accounting and reporting functions

---

Reporting Structure

Reports to: Director of Finance / Controller

This role collaborates closely with Accounting, Asset Management, and Property Operations teams.

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

· 3–5 years of accounting experience, preferably in multifamily property management or real estate

· Experience managing financial reporting for multiple entities or property portfolios

· 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

---

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