Property Accountant
6 days ago
Key responsibilities:
• Assist in facilitating accurate and prompt month-end closings, including the preparation and entry of monthly journal entries.
• Oversee the management of cash flow and perform bank reconciliations.
• Conduct thorough reviews of financial statements to ensure accuracy and investigate any discrepancies in the budget.
• Maintain balance sheet schedules to aid in the accurate reporting of monthly financials and reconciliation of balance sheet accounts.
• Regularly communicate with property managers and third-party service providers to relay financial information and to ensure understanding of various financial reports.
• Process tenant monthly billings, including year-end RET, insurance and CAM billings, and year end invoicing by reconciling expenses and preparing statements for audit.
• Assist auditors in conducting year-end audits of financial statements.
• Prepare operating budget for property and coordinate with other departments to provide senior management with accurate forecasts.
• Prepare financial statements for all underlying properties and entities.
• Perform month-end procedures to maintain books, including creating journal entries, calculating fees, and running invoicing.
• Prepare variance analysis for P& L.
• Build year-end file for audits and respond to any other ad hoc requests from management.
• Build lender statements for respective properties and budget schedules for property managers.
• Prepare all CAM Rec at year-end for invoicing.• Proficient in AppFolio and Yardi Property Management software
• Solid understanding of accounting functions and auditing principles
• Ability to prepare and analyze journal entries and ledger journal entries
• Experience with month-end and monthly journal entries
• Familiarity with CAM reconciliation
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Attention to detail and high level of accuracy
• Knowledge of property management industry preferred
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