Job Complexity & Critical Skills

• The Property Accountant must perform the job duties with a view toward projecting a professional and competent image. The timeliness and professional responses are key to this position.
• The position is fundamental to the accounting and financial analysis of an Association as such requires knowledge of the accrual basis of accounting, with attention to detail, solid time management, and good interpersonal skills.

Essential Duties and Responsibilities: include the following but are not limited to the job specifications contained herein. Additional duties or job functions may be required as deemed necessary by supervisory personnel.

• Prepare and deliver Financial Statement packages for an assigned portfolio of multifamily properties following quality standards as instructed. Verify correctness of information prior to submission.
• Prepare Balance Sheet reconciliations and supporting schedules. Analyze the Balance Sheet and Income Statement accounts for accuracy.
• Complete all general ledger accounting such as accruing for property taxes, insurance, and other property expenses.
• Prepare and post journal entries to the General Ledger. Review periodic reports of general ledger accounts to ensure accuracy and correct errors prior to close of accounting period.
• Review and analyze transactions from Accounts Receivables and Accounts Payable to ensure they have been accurately coded and recorded. Work with AP and AR to investigate, resolve, and/or report on discrepancies.
• Research, analyze, identify, and explain any variances or unexplained items on the Income Statement and changes on the Balance Sheet.
• Prepare additional financial reports to be included in the Financial Package as requested by our clients.
• Analyze and post end-of-year audit adjusting entries.
• Provide assistance and guidance to Property Management by answering questions regarding monthly Financial Statements and other related matters. Responsible for monthly financial statement package preparation.
• Cross train for all accounting functions.
• Assisting as directed by supervisor in preparing annual and monthly budgeting and forecasting.
• Preparing various ad-hoc reports as requested.
• Must have ability to prioritize and multi-task.
• Assisting in accounting or operations projects from time to time as requested.
• Manage operating cash accounts for assigned properties, including recording bank fees and preparing bank reconciliations.
• Responsible for month-end close accounting and review
• Ensure the accuracy of financial statements in accordance with GAAP and compliance to internal policies.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND/OR EXPERIENCE:                                     

Bachelor degree in Accounting required and 2 to 3 years’ work experience, or equivalent, in public accounting and/or a related field. Real Estate accounting experience preferred. Should have strong knowledge of GAAP and general ledger systems. Ability to work effectively with all levels of accounting and operations management. CPA not required but encouraged.

LANGUAGE SKILLS:                                           

Employee must be able to communicate in English. Ability to read, analyzes, and interprets general business information. Ability to generate reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS:                                            

Ability to calculate figures and amounts such as discounts, interest, commissions, management fees and various expense reimbursements. proportions, and percentages. Ability to apply concepts of basic algebra.

REASONING ABILITY:                                                    

Ability to define problems, collects data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several dependent and concrete independent variables.

COMPUTER SKILLS:                                           

To perform this job successfully, an individual should have knowledge of Accounting software; Spreadsheet software and Word Processing software. Strong computer skills; proficiency in Excel is required.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Some lifting; typically 25lbs. or less.
• Ability to sit at a desk for long periods.

WORK ENVIRONMENT: 

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Dress code: Professional Business Attire.
• This is a drug-free workplace.