What are the responsibilities and job description for the Real Estate Property Accountant position at Severn Management Company?
Property Accountant needed for Property Management Company in Annapolis, MD.
-Property Accountant serves on the accounting staff and supports CFO in performing day to day accounting responsibilities, provides accounting support/coordination to, operational departments, outside accountants, financial institutions, and banks as required.
Accounting Functions may include but are not limited to:
--Responsible for producing reconciled financial statements for multiple legal property entities. These financial statements include but are not limited to:
· Bank Reconciliations (and resolving any issues with deposits or withdrawals)
· Tying out Tenant and Subsidy Accounts Receivable Ledgers to the Balance Sheet
· Tying out payables and accrued liability schedules to the Balance Sheet
-Sends out financial statements (Balance Sheet, P&L, and Budget versus Actual) to the property manager, district or regional manager, and VP of Operations and saves the financials on a shared drive for Corporate employee access.
-Reviews financial statements and poses questions to the operational team and/or the CFO.
-Sends out various owner reports on a monthly basis as requested. Different owners and investors require various reports some of which are vast and detailed.
-Maintains compliance with Tax and Insurance Escrow and Reserve bank accounts for multiple apartment communities.
-Maintains compliance with the Security Deposit account relative to the liability and transfers $$$s between the two as needed.
-Oversees ensuring that shared property costs are allocated appropriately to the correct entity.
-Completes all payroll ACHs in line with the appropriate segregation of duties within the accounting department.
-Enters Section 8 subsidy payments to the billing system and resolves billing/payment discrepancies with the Property and District Managers.
-Uploads financial statements and data into DSHA’s MITAS system for Delaware LIHTC properties as well as investor and USDA systems as required.
-Assists with budget uploads into the GL system and developing annual budget templates that include current year forecasts.
-Participates in annual budget process and assists District and Regional Managers as needed and requested.
-Troubleshoots any integration and reconciliation issues between the billing system and financial system.
-Assists with billing or financial system conversions as needed.
-Participates in year-end audit or review pre-planning and preparation.
-Coordinates compilation of required documentation as requested by outside auditors for both year-end audit and tax preparation.
Job Type: Full-time
Pay: $55,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Physical Setting:
- Office
Education:
- Bachelor's (Preferred)
Experience:
- Accounting: 1 year (Preferred)
Work Location: In person
Salary : $55,000 - $70,000