Property Accountant

4 weeks ago


Fairfax, United States NOVO Development LLC Full time

**JOB SUMMARY**:
**ESSENTIAL DUTIES AND RESPONSIBILITIES**:
1.Perform analytical procedures applied to financial data for each general ledger account of allassigned properties on a monthly schedule and coordinates with property managers onperformance, variances (positive and negative trends) and reconciliation issues.
2.Track cash flow activity for each property in the assigned portfolio.
3.Prepare monthly bank account reconciliations on all property accounts.
4.Prepare accurate and timely reports including monthly and quarterly reports, as needed.
5.Reconcile gross rent potential, prepaid rent, rent receivable, accounts payable, and accruedexpenses with subsidiary ledgers on a monthly schedule to ensure accuracy.
6.Prepare annual audit packages for all assigned properties to assist with audits, reviews,compilations, and tax return preparation.
7.Prepare fixed asset schedules and insert adjusting journal entries prepared by the tax prepareror auditor.
8.Analyze and maintain escrow accounts (tax and insurance), loan amortization, and replacementreserve activity of each assigned property as needed.
9.Assist Property Managers with budget preparation, financial statement review, and othersupport as assigned.
10.Perform annual completion of DC Property Income and Expense forms.
11.Complete other duties and projects, as assigned



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