Property Accountant

Position: Property Accountant

Reports to: Controller

Location: Northeast Washington, DC; in office Monday to Friday

Status: Full-time, exempt

Compensation & Benefits: $75K-$95K based on experience; comprehensive health, dental, and vision insurance; 401k with company matching; voluntary life and AD&D insurance; 17 days of paid time off and 12 company paid holidays; professional development and career growth opportunities.

The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close-in suburbs, Hyattsville, MD, and Alexandria, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors.

The Property Accountant is responsible for all financial and analytical procedures for a group of assigned multi-family properties, working closely with the Community Managers on performance, variances, and reconciliations. This is a great opportunity for someone who thrives in a fast-paced, entrepreneurial environment with prior property accounting experience.

Responsibilities

Financial Accounting and Reporting:

• Prepare and maintain accurate financial statements, including income statements, balance sheets, and cash flow statements in an audit ready format.
• Preparation of timely and accurate monthly, quarterly, and annual financial reporting.
• Review Bank Reconciliations and Intercompany tie outs.
• Prepare General Ledger Posting, Recurring, and Reclass Entries

• Prepare appropriate Workpapers and Roll forwards for All Balance Sheet Accounts.
• Track closing calendar and checklist on a monthly schedule.
• Variance reporting current vs prior and actual vs budget review.

Rent Collection and Accounts Payable:

• Oversee rent collection processes and ensure timely collection of rent and other property-related income.
• Maintain accurate tenant ledgers, including rent payments, security deposits, and other charges.
• Work with Community Managers to follow-up on tenant inquiries and disputes related to financial matters.
• Review balance sheet related Accounts Payable ensuring timely payment of bills and expenses.
• Follow Up with Community Managers on Outstanding AP and AR balances.

Treasury Management:

• Monitor and report daily cash balances.
• Ensure priority expenditures are processed i.e., mortgage, tax, utilities.

Lease & Loan Administration:

• Review and analyze lease and loan agreements for financial implications.
• Ensure accurate lease accounting and revenue recognition.

Communication and Coordination:

• Collaborate with Community Managers to provide financial insights and decision-making support.
• Prepare annual audit packages for all assigned properties to assist with audits, reviews, compilations, and tax return preparation.
• Liaise with external CPA firm on matters related to the annual audits and tax returns.
• Lead acquisition and disposition accounting activities.

Development and Construction:

• Review job cost tracking, analysis, and financial reporting.
• Perform draw to GL reconciliation and financial reporting.

Qualifications

• BA/BS in Accounting or Finance with 5 years of real estate accounting experience with preference in property accounting role.
• Previous experience in a development and construction environment is highly desired.
• A thorough knowledge of GAAP is required.
• Strong communication and interpersonal skills, both verbal and written.
• Exemplary problem-solving and analytic skills.
• A strong sense of accountability and thrives in a collaborative environment.
• Excellent organizational and prioritization skills with a keen sense of urgency, works well under pressure, and consistently meets deadlines.
• Advanced Microsoft Office skills, particularly Word and Excel.
• Knowledge of Yardi software is highly desirable.
• CPA or CMA certification is preferred but not required.

Key Competencies

• Attention to detail and accuracy
• Accountable for function's output
• Organization and follow-up
• Problem-solving and sound judgment
• Cross-functional communicaiton
• Process improvement mindset
• Ability to prioritize in a fast-paced environment

The UIP Companies, Inc. is an Equal Opportunity Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, protected Veteran status, or any other applicable legally protected characteristics.