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Senior Property Accountant

1 month ago

Atlanta, United States Pareto Solutions Full time

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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