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Senior Residential Property Accountant

4 months ago

Atlanta, United States The RMR Group Full time

The Senior Property Accountant is responsible for accounting for specific properties they have been assigned. The Senior Property Accountant will also manage assigned property accountant(s) assisting in training and reviewing work products, providing review comments when necessary. He/she will also be responsible for completing a detailed review of the assigned property accountant’s monthly financial statements to ensure accuracy and reasonableness.

Responsibilities

The activities listed below are not all inclusive; however, they are indicative of the type of activities normally performed by the role. Other duties may be assigned.

  • Complete closing pro ration schedules for property sales, and opening/closing journal entries for acquisitions/sales
  • Take leadership within the accounting department, promoting positive attitudes and teamwork
  • Assist accounting leadership with process and procedure documentation and improvement
  • Takes full responsibility of the general ledger for a portfolio of multifamily assets
  • Prepares monthly financial statements including balance sheet, income statement, statement of cash flow, supporting schedules and other reports as needed for each property
  • Calculates and enters monthly journal entries including accruals and reclasses, amortization, depreciation, management fees, distributions and non-tenant cash receipts
  • Follows policy for capitalization of assets to properly record renovation, rehab and other capital improvement projects in the general ledger. Calculates and records depreciation of fixed assets and amortization of intangible assets appropriately.
  • Completes and analyzes various account reconciliations including cash, accounts receivable, prepaid rent, tenant security deposits and gross potential rent
  • Works closely with operations team during month-end close procedures to research certain transactions, resolve discrepancies in tenant ledgers, calculate accruals, and prepare the monthly reporting packages
  • Prepares calculations of cash available for payables and provides approval to accounts payable team for invoices to be paid
  • Assists the Accounting Manager with monthly or quarterly calculations of distributable proceeds, and initiates distribution wires
  • Manages monthly deadlines effectively in a fast-paced environment
  • Assists with financial statement audits and tax preparation by providing supporting documentation and explanations to auditors/tax preparers

Requirements

  • A four-year degree from an accredited institution.
  • Four or more years of accounting experience
  • Advanced degrees or recognized accounting designations are a plus.
  • General understanding of real estate entities, related reporting and accounting
  • Ability to work autonomously and handle multiple tasks
  • Expertise with accounting and related software and systems
  • Up to date with industry trends and issues

Company Overview

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by nearly 600 real estate professionals in over 30 offices nationwide who manage over $37 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients.

RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:

  • Integrity at Our Core.
  • Perform Passionately and Effectively.
  • Inspired Thinking.
  • Like We Own It.
  • Power of We.
  • Mutual Respect.

RMR has been rated a Top Place to Work by The Boston Globe and GlobeSt.com and has been recognized by the U.S. Environmental Protection Agency (EPA), the Building Owners and Managers Association (BOMA) International and the Institute of Real Estate Management (IREM), among others (listed here), as a CRE industry leader.

Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.

Follow RMR on LinkedIn, on Instagram @thermrgroup and on Twitter @The_RMR_Group.

The RMR Group is an equal-opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy

Statement, please click here. If you would like more information on your EEO rights under the law, please click here.