Property Accountant

2 weeks ago

Winter Park, FL, United States Hillpointe Full time

WHY HILLPOINTE? Hillpointe is a fully integrated real estate development and investment management firm focused on developing market-rate workforce housing across the Sun Belt. Ranked at the top of NMHC's list of Builders and Developers, our team ensures best-in-class execution.

Built on its long and proven track record of real estate development, the firm's investment approach is centered around its in-house general contracting expertise, enabling direct control of cost and delivery timeframe. For each project, Hillpointe directly controls land acquisition, land development, construction, procurement of building materials, asset management, and capital markets. This is more than just a job - it's a career-defining opportunity At Hillpointe, you'll be part of a dynamic, innovative team that has tangible impacts on day-to-day operations and contributes directly to overall success.

PROPERTY ACCOUNTANT

The Property Accountant will be responsible for the full accounting cycle for an assigned portfolio of multifamily properties.

Essential Duties & Responsibilities:

The Property Accountant's primary responsibilities shall include but are not limited to:

* Financial Statement Preparation - Responsible for recording all necessary journal entries throughout the month and preparing financial statements/reporting packages promptly for multiple properties.
* Review financial statements to ensure their accuracy and provide comments on the properties within their portfolio.
* Responsible for cash flow management and anticipation of future cash deficiencies for each of the properties assigned.
* Calculation and processing of required cash contributions and distributions.
* Monthly bank reconciliations, including follow-up and correction of outstanding items.
* Ensuring accurate vendor invoicing and the timeliness of payments.
* Responsible for overseeing and following up on critical payments such as real estate taxes, insurance, debt service, etc. for all assigned properties. Review of lender escrows (taxes/insurance) and replacement reserve escrows to ensure adequate funds are available for future use. Monthly reconciliation of escrows and reserves, when applicable
* Communication with on-site teams and other team members to assist in completing pre-close and close activities.
* Accounting Month End (AME) Preparation - Review all site reports against general ledger reports to ensure accuracy.
* Calculation and review of management fees to ensure accuracy.
* Reconciliation and understanding of all balance sheet accounts and preparation of all supplementary reporting as required (Balance Sheet Schedules).
* Monthly general ledger close.
* Responding to inquiries promptly.
* Reviewing and posting accruals and reclasses, as needed.
* Assistance with the preparation of supporting working papers and documentation for year-end audit processes.
* Annual follow-up on the status of budgets throughout the draft, revised, and final stages to ensure completion and upload within the assigned deadlines.
* Assist with special or ad hoc projects and other tasks as needed.

Requirements:

* 3+ Years of Accounting Experience - Property Accounting preferred.
* 4 yr. Accounting or Finance Degree required.
* Proficient in Word and Excel.
* Experience with financial systems software required; Entrata preferred.
* Strong, concise written and oral communication skills necessary.
* Strong analytical skills.
* Must work under pressure, meet deadlines, multi-task, and work independently.
* Ability to work cooperatively and collaboratively with all levels of employees, management, and third parties.

HPD1

NOTE: This document outlines the general nature and level of work expected from individuals in this role. It's important to understand that this is not an exhaustive list of responsibilities, duties, and skills. Additional tasks or job functions that can be safely performed may be required as necessary by supervisory personnel. This flexibility in additional duties showcases the company's adaptability and encourages employees to be versatile. The employee is expected to adhere to all work rules, procedures, and policies established by the company, including, but not limited to, those contained in the employee handbook.

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