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Senior Property Accountant
1 month ago
POSITION:
Senior Property Accountant
LOCATION:
Buckhead, Atlanta, GA (hybrid)
Responsibilities :
The Senior Property Accountant is responsible for accounting of 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 assigned property accountant’s monthly financial statements to ensure accuracy and reasonableness.
Assist Controller with other projects as necessary
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 Property Controller/CFO 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 Controller with monthly or quarterly calculations of distributable proceeds, and initiate 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
Qualifications:
2+ years of accounting experience (real estate accounting preferred)
Bachelors degree in Accounting
High personal motivation, self-management, and detail-orientation
Demonstrated ability to set priorities and meet deadlines
Strong analytical, problem solving, and time management skills
Terrific verbal and written communication skills
Ability to work as part of a team and independently
Demonstrated proficiency in Microsoft office, especially strong in Excel
Familiarity with property management accounting software, preferably Yardi
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