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Property Accountant I

2 months ago

Cleveland, Ohio, United States Millennia Housing Management Full time
Job Summary

The Property Accountant will be responsible for performing accounting functions for a select number of properties from the company's broad and growing portfolio of over 270 affordable and conventional properties in more than 26 states.

Key Responsibilities
  • Research and answer questions from property operations, lenders, regulators, or investors.
  • Substantiate general ledger transactions by providing proper supporting documentation.
  • Assist with verifying and analyzing business records such as leases or contracts to understand the obligations of the entity and take ownership for the properties' business level activities.
Monthly/Quarterly Tasks
  • Prepare account reconciliations and journal entries for assigned balance sheet accounts.
  • Review property trial balances and financial statements for accounting inaccuracies and prepare correcting journal entries as needed.
  • Assist in preparation of actual-to-budget variance analysis including footnotes to the monthly financial reporting package for senior management, lenders, regulators, and investors.
  • Assist in preparation of replacement reserve draws and calculation of management fees.
Additional Responsibilities
  • Preparation of property tax disbursements and mortgage payments.
Requirements
  • Bachelor's Degree in Accounting or Finance required.
  • 0-2 years of experience in an Accounting environment with a basic understanding of US GAAP and cash basis accounting.
  • Understanding of accounting systems preferred, but not required.
  • Ability to work in a fast-paced team environment.
  • Beginning knowledge of MS Word, Excel, and Outlook required.
  • Desire to learn property accounting and the affordable housing industry.
Work Conditions & Physical Demands
  • Strong collaboration skills - works well across functional areas. Excellent relationship-building skills; able to collaborate with various levels of the organization.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
  • While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear, and taste or smell.
  • The employee must occasionally lift or move up to 20 pounds.
Values We Seek
  • Respect: Respect is shown by demonstrating a sense of self-awareness and reflecting on one's own words and actions to adapt, grow, and succeed. We embrace our differences while recognizing what brings us together.
  • Collaboration: Collaboration begins with strengthening our relationships with our residents, owners, partners, and employees, relying on strong communication and a deep understanding of the values and needs of all those involved.
  • Service-Focused: Understands what internal and external stakeholders value and anticipates their needs; strives towards creating a meaningful experience and builds lasting relationships.
  • Performance: Achieving exceptional performance requires us all to be working on the right things at the right time and, in doing so, staying aligned with our business fundamentals and priorities. It also requires us to understand the business - carefully and critically analyzing our performance and metrics and weighing options and risks before decisions are made.
Expected Hours of Work & Travel
  • Days and hours of work are generally Monday through Friday but may require evening and/or weekend shifts. Regional travel may be required as necessary.
Equal Opportunity Employer

We are an Equal Opportunity Employer. Each applicant for employment is considered solely based on job qualifications, without regard to race, color, religion, sex, sexual orientation, genetic information, age, disability, national origin, veteran status, or any other classification protected by law.