Residential Property Accountant

5 days ago


Boston, Massachusetts, United States Boston Pads Full time
Residential Property Accountant Job Description

At Boston Pads, we are seeking a highly skilled and detail-oriented Residential Property Accountant to join our team. As a key member of our accounting department, you will be responsible for managing the financial aspects of our residential properties.

Key Responsibilities:
  • Manage bank accounts for rent, deposits, and disbursements to landlords, property management team, and maintenance vendors.
  • Maintain subcontractor files, including W9s and certificates of liability.
  • Set up and maintain the chart of accounts.
  • Prepare monthly financial reports and balance sheets, providing analysis of operating expenses.
  • Prepare budgets based on expected rental income and maintenance costs.
  • Ensure accuracy of tenant ledgers and general ledger.
  • Work with property owners to ensure compliance with loan and bond documents.
  • Supervise internal accounting controls and answer questions or resolve disputes related to them.
  • Manage cash flow issues.
  • Oversee accounts receivables and collect delinquencies.
  • Manage accounting for fixed assets.
  • Forecast performance through short and long-term financial projections.
  • Oversee or assist with auditing processes.
  • Prepare 1099 reports after each year-end.
  • Work directly with owners and tax accountants to prepare documentation for annual tax filings.

Requirements:

  • Bachelor's degree in accounting (preferred but not required).
  • Understanding of the real estate industry (highly desirable).
  • Experience with AppFolio or other property management software (preferred).
  • Excellent organizational skills and ability to communicate effectively.


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