Property Accounting Manager

Home is the foundation for everything in life. Since 1971, our model has been about supporting residents in finding stability and achieving their goals. It's why we're more than housing-we combine quality affordable homes with our on-site Advantage Services-because we believe that with the right support and opportunities, all people can thrive. Today, over 13,000 people-families, seniors, veterans, and people with disabilities and other barriers-call a CommonBond community "home." Our core values are Respect, Integrity, Partnership, Innovation, and Excellence. We live these values and look for people who embody them to represent our organization in the community. If this sounds like you, please consider joining our team.

Why CommonBond Communities?:

• Work-life balance
• Competitive salary
• Employee referral program
• Comprehensive benefits package
• Employee recognition and rewards program
• A respectful and growth-oriented workplace
• A chance to make a difference in the community
• Ongoing training and professional development

CommonBond Communities invites qualified applicants to apply for the Property Accounting Manager role located at our central office in St. Paul, MN. The Property Accounting Manager recruits, supervises, trains, and develops the Property Management Accounting team in support of CommonBond's Property Management team. The Manager is responsible for the financial management and oversight of CommonBond's property portfolio, including owned and fee managed sites. Responsibilities include the establishment and maintenance of internal controls, implementation of best practices, financial accounting and analysis for all properties, periodic and annual financial and tax reporting and coordination of all property related external audit related activities.

ESSENTIAL JOB FUNCTIONS AND ASSOCIATED TASKS

Performs and manages accounting and finance functions for CommonBond's housing portfolio, (owned and fee managed sites) including:

• Establish and maintain a strong system of internal controls through development of appropriate procedures.
• Deploy best practice policies and procedures with a focus on continuous improvement and full integration of Yardi and other supporting information technology systems.
• Oversee all property related accounting on a timely basis in accordance with GAAP and a variety of regulatory requirements.
• Coordinate annual site budget process with Asset Management and external owners of fee managed properties.
• Produce monthly, quarterly, and fiscal year-end financial statements and reports as required.
• Maintain supporting schedules for assets, liabilities, and
• Prepare audit schedules at year-end to support the external audits and investor reporting requirements.
• Provide required support for corporate audit consolidation and elimination of affiliated entity activity.
• Support Property Management to effectively manage the financial operations of the portfolio, including training, development of management tools and on-going consultation with the Property Management team.
• Evaluate in conjunction with Property and Asset Management and Corporate Accounting teams, property level cash flow analysis and funding.
• Complete other projects as assigned.
  
  

Effectively manage staff to meet organizational objectives.

• Ensure staff receive ongoing training, education, support, and development.
• Coordinate staff workloads to meet deadlines and back-up staff as
• Provide ongoing recognition to staff throughout the
• Develop ongoing performance management and assessment routines to provide ongoing individual feedback to team members.
• Communicate regularly with staff and ensure staff and organizational needs are met.

Monitor the financial accounting for each housing entity for accuracy and adherence of established policies and procedures

• Investigate budget variances on the financial
• Collaborate with Property Management to identify root cause of financial non-performance to implement corrective actions.
• Ensure accounting methods are in accordance with GAAP and that governmental and investor reporting requirements are adhered to.
• Coordinate completion of special accounting projects for
• Ensure proper documentation and support for all journal entries is maintained.
• Support the development and implementation of annual property
• Monitor property management and resident services contracts as renewals come due.

Maintain and develop appropriate internal controls

• Develop appropriate internal controls, policies and procedures related to property accounting.
• Monitor organization-wide adherence to established internal controls and related policies and procedures related to portfolio accounting.
• Work with operational areas to ensure understanding and adherence to established internal controls, policies, and procedures related to property accounting.

Oversee development and implementation of property accounting procedures and processes.

• Maintain an accurate and up-to-date operation manual (desktop procedures), for the department including drafting and revising policies and procedures as necessary with a view to best practices and continuous improvement.
• Lead the Property Management Accounting department and act as a trusted resource to other CommonBond
• Ensure established goals and/or operational objectives are defined, measured, and achieved each
• Establish and maintain effective professional working relationships with internal departments, staff, vendors, and outside agencies.
  
  

Demonstrate a clear understanding and consistent use of all accounting software.

• Proficient in the use of Excel, Word, Teams, and PowerPoint.
• Proficient in the use of CommonBond's core systems (e.g., Yardi and UltiPro) on a consistent
• Produce and deliver property accounting related training, including relevant software
• Produce monthly financial reports and analysis in Yardi.

Demonstrate regular and consistent attendance.

• Adhere to established business operating hours to facilitate support of our Property Management team and access to vendors, financial institutions, and other third parties.
• Manage the Property Accounting team's hybrid work environment to achieve optimal productivity and individual team member's needs in a balanced and equitable manner.
• Consistently schedules PTO well in advance when

Provides regular, genuine recognition to staff and/or co-workers.

MINIMUM REQUIREMENTS

• Bachelor's degree in accounting or alternate four-year degree with substantial accounting experience in the real estate industry.
• Certificate of Public Accounting
• Seven years of experience with all aspects of cash and accrual accounting including financial statements preparation and external audit
• Three years proven experience supervising and leading a team.
• Advanced skills in Microsoft 365 applications (Teams, PowerPoint, Word, Excel).
• Experience working with multiple sets of
• Experience with computerized accounting
• Ability to design computerized accounting
• Ability to establish and maintain tight internal control
• Results driven.
• Ability to work independently and in collaboration with
• Demonstrated experience working within diverse communities, which include people of various ages, gender, sexual orientations, national origins, income levels, ability levels, religious affiliations, races, and languages.
• Excellent interpersonal, oral, and written communication

PHYSICAL REQUIREMENTS

• Ability to sit for extended periods of
• Ability to type data into a
• Ability to lift up to 10

OTHER REQUIREMENTS

• Must be willing and able to work extended hours as necessary to meet deadlines and objectives.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR c)

CommonBond Communities is an Equal Opportunity/ Affirmative Action Employer

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