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Property Accountant II

3 months ago

Minneapolis, United States Dominium Full time

Dominium is helping tackle the affordable housing crisis - and we're looking for motivated candidates to join our team and help further our mission. With offices in Minneapolis, Atlanta, Dallas and Phoenix, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents daily to create a strong sense of community and connectivity.

Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally.

POSITION SUMMARY:

The Property Accountant II is responsible for the day-to-day accounting activities of an assigned portfolio. They adhere to the Accounting Policies and Procedures manual set by Dominium and maintains a professional relationship and communicates regularly with Dominium Accounting staff, Dominium Development staff, Dominium Management staff, agencies and lenders who all must work together for the success and profitability of the company.

ESSENTIAL FUNCTIONS:

  • Be knowledgeable and follow generally accepted accounting practices and procedures.
  • Depending on the portfolio, maintain compliance with Section 8, Section 42, Section 236, and other state rules and regulations.
  • Responsible for month-end closing process and preparation of financial statements for government agencies, lenders, investors, and owners.
  • Prepare a preliminary financial analysis for management and owners per the Yardi close and financial statements due dates schedule. This analysis outlines and reviews financial activity that occurs during the month and includes a detailed analysis of the General Ledger.
  • Record a wide variety of journal entries as needed for transactions including, but not limited to, mortgage activity, bank activity, reclassifications and accruals.
  • Advise, support and guide Community Managers, Assistant Managers, or Accounts Receivable personnel in preparing Yardi and Excel reports, depositing receipts, and processing security deposit refunds.
  • Reconcile all bank statements for each property and partnership each month. Research and resolve all discrepancies and provide an explanation to Accounting Management by the financial due date.
  • Prepare balance sheet reconciliations for assign properties on a frequent basis.
  • Analyze the need for replacement reserve requests for capital expenditures and process the draw submission to the agency and/or lender.
  • Review escrow accounts, including tax and insurance, to ensure adequate funding and prompt payment. Prepare bi-annual escrow analysis for each property.Coordinate with the lender for each escrow account for each property to ensure all payments are made on time.
  • Maintain organization and prepare for annual audits throughout the year. Prepare and compile workpapers and supporting documentation for external auditors.
  • Identify, communicate, document, and assist in implementing efficiencies within the accounting department and the company overall.
  • Assist in training and development of new accounting and property management personnel.
  • Contribute to other assigned projects and duties related to the achievement of company and department goals.
  • Respond promptly and professionally to support requests and calls from site employees, Dominium Management, Development, agencies and lenders.
  • Adhere to Regional Office professional standards, policies and procedures.
QUALIFICATIONS:
  • 2-year degree in accounting or related field; 1-3 years of accounting experience preferred.
  • Clear and professional communication skills both verbal and written
  • Highly dependable, accurate, reliable, self-motivated.
  • Above average mathematical ability and reasoning skills.
  • Experience with reviewing and analyzing financial data preferred.
  • Accounting software experience required.
  • Intermediate understanding of Microsoft Excel, Word and Outlook.
  • Ability to work with personnel at all levels of the organization in a "team" environment to achieve optimal results.


About Us: Dominium is one of the leading affordable housing development and property management companies nationwide. We operate in approximately 20 states and employ over 1,200 employees. For 50 years, we have offered excellence to the development and management of affordable housing communities across the United States. Dominium's values - creating long-term value, developing people, integrity, and growth - are built upon our company's mission and vision. We offer a competitive salary, incentive bonus program, training and development programs, career growth opportunities and community volunteer and outreach programs. We also offer a comprehensive benefits package for eligible employees including Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts, Employee Recognition & Wellness Programs.

Dominium is committed to a diverse and inclusive workplace. Dominium is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

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