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Junior Property Accountant

2 months ago

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

The Junior Property Accountant at Millennia Housing Management will play a vital role in executing accounting tasks for a designated group of properties within our extensive portfolio, which encompasses over 270 affordable and conventional properties across more than 26 states.

Key Responsibilities

Daily / Weekly Duties:

  • Address inquiries from property operations, lenders, regulators, or investors for assigned properties.
  • Validate general ledger transactions by providing appropriate supporting documentation.
  • Assist in reviewing and analyzing business records such as leases or contracts to comprehend the entity's obligations and manage the properties' operational activities.

Monthly / Quarterly Duties:

  • Prepare account reconciliations and journal entries for assigned balance sheet accounts.
  • Review property trial balances and financial statements for discrepancies and prepare necessary correcting journal entries.
  • Support the preparation of actual-to-budget variance analysis, including footnotes for the monthly financial reporting package for senior management, lenders, regulators, and investors.
  • Assist in preparing replacement reserve draws and calculating management fees.
  • Manage property tax disbursements and mortgage payments.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Qualifications

  • Bachelor's Degree in Accounting or Finance is mandatory.
  • 0-2 years of experience in an accounting setting with a foundational understanding of US GAAP and cash basis accounting.
  • Familiarity with accounting systems is preferred but not essential.
  • Ability to thrive in a fast-paced team environment.
  • Basic knowledge of MS Word, Excel, and Outlook is required.
  • A willingness to learn about property accounting and the affordable housing sector.

Work Environment & Physical Requirements

  • Strong collaboration skills are essential, with the ability to build relationships across various functional areas.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this role.
  • While performing the duties of this position, the employee may occasionally be required to stand, walk, sit, use hands to manipulate objects, 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. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Core Values

  • Respect: Demonstrating self-awareness and reflecting on one's actions to adapt and grow while embracing diversity.
  • Collaboration: Strengthening relationships with residents, owners, partners, and employees through effective communication and understanding.
  • Service Orientation: Anticipating the needs of internal and external stakeholders to create meaningful experiences and build lasting relationships.
  • Performance Focus: Striving for exceptional performance by aligning with business fundamentals and priorities, critically analyzing metrics, and making informed decisions.

Work Schedule & Travel Requirements

  • Standard workdays are generally Monday through Friday, with potential evening and/or weekend shifts. Regional travel may be necessary as required.

Equal Opportunity Statement

Millennia Housing Management is 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.

About Millennia Housing Management

Founded by Frank T. Sinito, Millennia Housing Management has evolved from its beginnings in 1985 into a high-performance enterprise operating across various sectors, including multifamily real estate development, property management, and hospitality. We are committed to fostering a culture of respect, service, performance, and collaboration, which drives our success and shapes our work environment.