Financial Accountant
4 weeks ago
At Boston Pads LLC, we are seeking a highly skilled Financial Accountant to join our team. The ideal candidate will have a strong background in accounting and a deep understanding of the real estate industry.
Key Responsibilities:
- Manage bank accounts for rent, deposits, and disbursements to landlords, property management team, and maintenance vendors.
- Maintain accurate records of subcontractor files, including W9s and certificates of liability.
- Develop and maintain the chart of accounts.
- Prepare monthly financial reports and balance sheets, providing analysis of operating expenses.
- Develop budgets based on expected rental income and maintenance costs.
- Ensure accuracy of tenant ledgers and general ledger.
- Collaborate with property owners to ensure compliance with loan and bond documents.
- Supervise internal accounting controls and address any questions or 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 with owners and tax accountants to prepare documentation for annual tax filings.
Requirements:
- Bachelor's degree in accounting preferred but not required.
- Strong understanding of the real estate industry.
- Experience with AppFolio or other property management software preferred.
- Excellent organizational skills and effective communication abilities.
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