Lead Property Financial Analyst

1 week ago

Dallas, Texas, United States AG Living Full time
Position
Senior Property Accountant

EOE Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

Overview

As a Senior Property Accountant at AG Living, you will be integral to our multifamily real estate operations, managing financial activities related to property accounting and ensuring precise and compliant financial reporting.

Core Values: All team members are expected to embody our values daily by demonstrating:
  • RESPECT: Treat individuals with courtesy and kindness, valuing inclusion and diversity.
  • ACCOUNTABILITY: Honor commitments, focus on delivering solutions, and take ownership of responsibilities.
  • INTEGRITY: Act with honesty, honor, and transparency in all activities.
  • SERVICE: Be socially conscious, proactive thinkers, committed to improving well-being.
  • EXCELLENCE: Strive for excellence, adapt, innovate, and exceed expectations.
Key Responsibilities:

Financial Reporting:
  • Prepare and analyze monthly financial statements for complex properties with minimal oversight, ensuring accuracy and compliance with accounting standards.
  • Serve as a subject matter expert and mentor for property accountants.
  • Collaborate with property management teams to gather and verify financial data, including income, expenses, and capital expenditures.
  • Generate accurate and timely detailed financial reports for stakeholders, providing insights into property performance and financial trends.
  • Post monthly journal entries and prepare financial reports for a portfolio of properties, including reclasses and accruals provided by onsite community managers.
  • Prepare lender replacement reserve draws as necessary.
  • Record recurring monthly journal entries and update month-end reporting workbook to reconcile balance sheet accounts.
  • Coordinate the accrual process with on-site managers monthly.
  • Review and code invoices in the accounts payable processing system.
  • Reconcile all bank accounts and credit card statements monthly.
  • Complete routine real estate tax reconciliations.
  • Assist in the preparation of annual operating budgets.
  • Attend monthly financial review meetings and provide insights to leadership related to financial reporting.
  • Monitor current cash balances held by properties closely.
  • Provide forecasts of cash requirements routinely to management.
  • Assist in calculating cash available for distribution when applicable.
  • Support management with special projects and other tasks as assigned.
  • Oversee treasury management, engaging in short-term and long-term cash planning on a daily and weekly basis.
Accounts Payable and Receivable:
  • Process and review property-related invoices, ensuring accuracy and proper coding.
  • Manage tenant billing and collections, addressing any outstanding balances and coordinating with property management on delinquencies.
  • Reconcile property bank accounts and resolve discrepancies promptly.
Tax and Audit Compliance:
  • Collaborate with external tax consultants to ensure timely and accurate filing of property-related tax returns.
  • Stay informed about changes in tax laws and regulations that may impact property accounting practices.
  • Assist in preparing schedules and documentation for annual audits.
Qualifications:
  • Bachelor's degree in accounting, finance, or a related field.
  • CPA designation is a plus.
Skills:
  • Proficiency in accounting software (e.g., Yardi, MRI).
  • Advanced Excel skills.
  • Knowledge of Generally Accepted Accounting Principles (GAAP).
  • Attention to detail.
Key Attributes:
  • Analytical Thinking: Utilize data and financial analysis to identify trends and opportunities for improving property financial performance.
  • Attention to Detail: Ensure accuracy in financial reporting and accounting processes.
  • Time Management: Efficiently manage multiple property accounting tasks and meet deadlines.
  • Adaptability: Be flexible and adaptable to changes in the property portfolio and industry dynamics.
  • Communication: Clearly communicate financial information to internal stakeholders and external partners.
  • Uphold high ethical standards and integrity in all financial activities.
  • Stay informed about accounting standards, tax regulations, and industry best practices through continuous learning and professional development.
This position is currently accepting applications.

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