Property Accountant

3 weeks ago

Washington, United States NOVO Properties Full time

**Property Accountant**

The Property Accountant will be part of the Accounting and Finance group, reporting directly to the VP, Accounting, and responsible for support in all aspects of accounting, financial reporting, and internal control development for the organization. Highly motivated professional with strong technical accounting experience, highly inquisitive, great interpersonal skills, and the ability to jump in and immediately make a positive impact in a dynamic environment. This individual will also maintain the internal control environment regarding all areas of responsibility.

**About Us**

Founded in 2003, NOVO Properties is a multifamily owner, developer, asset, and property management organization headquartered on Capitol Hill in Washington, DC.

NOVO currently manages a portfolio of approximately 2,000 apartment homes throughout Washington, DC, Maryland, Virginia, Chicago, and the city of Cambridge on Maryland’s Eastern Shore.

At NOVO, we’re forging a new and better path in the multifamily and commercial real estate investment space. Our focus is to strategically acquire, develop, and manage existing multifamily and mixed-use assets and infill development sites within targeted urban and suburban markets.

We strive to be a best-in-class owner and operator in every project we pursue. With a forward
- looking approach, disciplined due diligence and underwriting, and decades of experience producing favorable outcomes, we are positioned to produce value for our strategic partners, residents, and the surrounding community.

Our companies core values are critical, and we believe they create a long-lasting, successful, and motivating place to work.
- Integrity
- Exceptional customer service
- Professional leadership
- Diversity
- Teamwork & collaboration
- Culture of personal development

**Position Focus**

**Who you are**
- BA/BS in Accounting or Finance with 5+ years of real estate accounting experience
- Exemplary problem-solving and analytic skills
- Previous experience in a real estate corporate environment highly desired
- Demonstrated solid conceptual judgment, initiative, and ability to manage complex accounting issues
- Strong communication and interpersonal skills, both verbal and written
- Excellent organizational and prioritization skills with a keen sense of urgency, work well under pressure, and consistently meet deadlines
- Knowledge of Yardi software highly desirable

**What you’ll do**
- Perform analytical procedures applied to financial data for each general ledger account of all assigned properties on a monthly schedule and coordinates with property managers on performance, variances (positive and negative trends) and reconciliation issues.
- Track cash flow activity for each property in the assigned portfolio.
- Prepare monthly bank account reconciliations on all property accounts.
- Prepare accurate and timely reports including monthly and quarterly reports, as needed.
- Reconcile gross rent potential, prepaid rent, rent receivable, accounts payable, and accrued expenses with subsidiary ledgers on a monthly schedule to ensure accuracy.
- Prepare annual audit packages for all assigned properties to assist with audits, reviews, compilations, and tax return preparation.
- Prepare fixed asset schedules and insert adjusting journal entries prepared by the tax preparer or auditor.
- Analyze and maintain escrow accounts (tax and insurance), loan amortization, and replacement reserve activity of each assigned property as needed.
- Assist Property Managers with budget preparation, financial statement review, and other support as assigned.
- Perform annual completion of DC Property Income and Expense forms.
- Complete other duties and projects, as assigned

Pay: $75,000.00 - $85,000.00 per year

**Benefits**:

- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance

Experience level:

- 4 years

Schedule:

- Monday to Friday

**Experience**:

- Yardi: 3 years (required)
- Property Accounting: 4 years (required)

Ability to Relocate:

- Washington, DC 20003: Relocate before starting work (required)

Work Location: In person

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