What are the responsibilities and job description for the Property Accountant position at Stream Standard?
ESSENTIAL FUNCTIONS OF THE POSITION:
- Provide internal and external reporting of our Projects’ financial results.
- Prepare internal and external reporting packages, working with property management staff to analyze financial performance and develop reports.
- Prepare recurring and ad hoc analysis and reports as required.
- Support the annual budgeting process and expense reconciliation preparation through review of data.
- Provide excellent internal and external customer service.
- Effectively communicate with managers, supervisors, property managers, etc. regarding deadlines, complex issues, and processes and procedures.
RESPONSIBILITIES:
- Preparation of the monthly financial statement packages including: creating and posting journal entries to the general ledger, fixed asset depreciation and amortization roll-forward, review of general ledger and income statement, bank statement reconciliations, property manager variance comment review, and balance sheet reconciliations.
- Frequent communication and interaction with property management team with limited interaction with Client.
- Preparation and submission of Sales & Use Tax returns as applicable.
- Project cash management: ensure critical timely payment of utilities, taxes, and mortgages and owner distributions.
- Review and posting of cash receipts and review and process payment of vendor invoices.
- Ensure compliance with SOC I requirements for self and property management team.
- Other duties as assigned.
QUALIFICATIONS:
- 3-5 years related accounting/reporting experience.
- Individual should demonstrate quantitative analytical and accounting skills commensurate with experience level.
- Intermediate competence in Microsoft Excel and Outlook.
- MRI and Yardi intermediate experience is a plus with real estate experience as an added bonus.
- Intermediate understanding of accounting principles and ability to apply same to assignments, interaction with
- Clients and team members.
- Excellent communication skills, both verbal and written. Listens with understanding.
- Displays a high level of self- motivation, ability to multi-task and thrives in a deadline-oriented environment.
- Ability to take initiative in solving routine/advanced problems but presents possible solutions to manager or supervisor for feedback regarding more complex issues /or problems.
- Bachelor's degree
- Accounting classes and accounting experience required