Property Staff Accountant

Duties  

1. Review and reconcile property income and expenses and bring any discrepancies, problems, or questions to the Regional Property Manager’s attention.
2. Work with Regional Property Managers to ensure property operating accounts are maintained at a positive level.
3. Work with Regional Property Managers to set up and control systems to stabilize cash situations for financially troubled properties.
4. Monitor activity for negative cash properties, including the preparation of negative cash reports, interest charges and journal entries.
5. Monitor expenses to ensure compatibility with budgeted amounts. Bring any discrepancies or questions to the Regional Property Manager’s attention.
6. Coordinate the submission of audits to the appropriate Regulatory Agencies.
7. Respond to audit letters received from the regulatory agencies.
8. Assist in preparation of financial reports including monthly financials and any other special report requests from owners, managers, or outside agencies.
9. Review financial reports to ensure report accuracy.
10. Report distribution system to ensure proper and timely submission of reports.
11. Review with Regional Property Managers status of escrow accounts, property taxes and insurance premiums.
12. Monitor property investments (i.e. security deposits, surplus cash, utility escrows, reserves) and communicate with Regional Property Managers with requirements and needs of those accounts.
13. Coordinate funding of escrows and reserves.
14. Supervise and ensure proper banking procedures and maintain an ongoing relationship with Banking Institutions.
15. Ensure that the necessary controls and audit trials are accounted for through the various signature cards and balances.
16. Assist with Compilation and preparation of reserve reimbursement requests

Direct Supervisor:                 Senior Property Accountant

External Contacts:                 On-site staff, USDA, PHFA, HUD

Internal Contacts:                  President, Senior Asset Manager, Senior Property Accountant, AP Manager,  Regional Property Manager and Administrative/AP Specialist

Knowledge/Skills:                 Excel; Word, Organizational Skills and Office Etiquette/Procedures.

Minimum education requirement: Associates Degree in Accounting or 5 years relevant work experience.

Software:                                Microsoft Office Suite, YARDI