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ITEX Property Management LLC
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Property Accountant
$62k-76k (estimate)
Full Time 6 Days Ago
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ITEX Property Management LLC is Hiring a Property Accountant Near Port Arthur, TX

Description

Founded in 2002, ITEX Group is a premier real estate investment firm, known for its dynamic approach to asset management, development, and property services. We commit to innovative strategies that lead to exceptional results for our clients and investors. 

The Property Accountant will work closely with the Controller to ensure fiscal functions are performed in accordance with generally accepted accounting principles (GAAP) including preparing for both external and internal audits.

Responsibilities:

  • Prepare and distribute monthly financial reports, including posting journal entries, analyzing expenses, preparing accruals, and reviewing the general ledger, while adhering to company policies and procedures and maintaining effective internal controls.
  • Perform cash management functions including but not limited to bank account reconciliations, mortgage payments, and monitor and record cash transactions.
  • Review budget, revenue, expense, payroll entries, invoices, and other accounting documents and research and resolve discrepancies as necessary.
  • Prepare information for various audits and act as liaison to internal and external auditors by explaining journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.
  • Communicate with property managers and other on-site staff to assist in completing end-of-month close out, answer questions, provide support, and ensure timely completion of accounting processes.
  • Complete various financial, accounting, and administrative duties, and prepare other reports and analyses as assigned or as necessary.

Requirements

  • Bachelor’s degree in accounting, business, finance, or a related field, preferred or 8 years equivalent experience. 
  • Accounting experience in real estate and/or property management industry experience preferred.
  • Demonstrated proficiency in Yardi Voyager (preferred) and advanced ability with Microsoft Excel.
  • Experience with Project Based Section 8, HUD Tax Credit, and affordable housing preferred.

 EOE M/W/D/V 

Job Summary

JOB TYPE

Full Time

SALARY

$62k-76k (estimate)

POST DATE

05/19/2024

EXPIRATION DATE

07/18/2024

Show more

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The job skills required for Property Accountant include Accounting, General Ledger, Generally Accepted Accounting Principles, Financial Accounting, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.

If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Property Accountant job description and responsibilities

Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.

04/12/2022: San Antonio, TX

Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.

03/10/2022: Springfield, MA

A property accountant for a hotel chain might also produce profit and loss reports during the same periods.

02/24/2022: Longview, TX

Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.

01/25/2022: Tulsa, OK

Property accountants are responsible for the daily accounting operations on public properties.

03/27/2022: Bakersfield, CA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Property Accountant jobs

Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.

03/18/2022: Providence, RI

Some property accountants oversee the finances of maintenance and repair expenditures.

03/17/2022: Raleigh, NC

Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.

03/13/2022: Somerset, NJ

Property accountants complete general ledger entries and manage cash balances.

02/26/2022: Springfield, IL

Property accountants assist with the preparation of documents for annual audits and tax filing processes.

01/23/2022: Portsmouth, OH

Step 3: View the best colleges and universities for Property Accountant.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College