Property Accountant
3 days ago
The Property Accountant is responsible for delivering comprehensive accounting support for a diverse real estate portfolio. This position ensures the accuracy and integrity of financial data, supports operational and ownership reporting needs, and maintains strong internal controls. This position has a diversified portfolio to include Commercial, Residential, and LIHTC properties.
ESSENTIAL FUNCTIONS:
Financial Reporting & Analysis
- Prepare monthly financial statements, including income statements, balance sheets, and cash flow reports.
- Prepare quarterly and annual financial reporting packages for ownership, lenders, and auditors.
- Ensure compliance with GAAP and company accounting policies.
- Maintain and reconcile general ledger accounts for assigned properties.
- Prepare and post journal entries, accruals, amortizations, and adjustments.
- Execute month-end and year-end closing procedures accurately and within required timelines.
- Review and reconcile intercompany transactions and cross-entity allocations.
- Review tenant ledgers, rent rolls, and lease activity for accuracy.
- Review revenue, management fees, reimbursements, and other property-level income.
- Prepare CAM (Common Area Maintenance) reconciliations and annual CAM estimates.
- Oversee security deposit accounting, refunds, and transfers in accordance with state regulations.
- Generate, customize, and validate financial and operational reporting through AppFolio and RealPage.
- Ensure data accuracy within both systems, including GL mapping, property setups, and reporting structures.
- Assist with system enhancements, workflow improvements, and software configuration changes.
- Provide internal support to property management and operations teams on accounting-related system issues.
- Reconcile bank accounts, credit card activity, and cash deposits.
- Ensure compliance with internal controls related to cash and disbursements.
- Maintain accurate and organized financial records in accordance with audit standards.
- Ensure adherence to company policies, internal controls, and industry regulations.
- Evaluate existing accounting processes and recommend improvements for efficiency and accuracy.
- Assist with the development and documentation of accounting policies and procedures.
- Participate in cross-functional initiatives impacting accounting and operations.
Education & Experience
- Bachelor's degree in Accounting.
- Previous property accounting experience preferred.
- Proficiency in both AppFolio and RealPage software required
- Strong experience with multi-entity and multi-property environments preferred.
- Strong understanding of GAAP and real estate accounting practices.
- Advanced proficiency with Excel and financial analysis tools.
- Experience in Real Page, Appfolio, or Yardi systems preferred.
- Strong analytical, organizational, and problem-solving skills.
- Excellent written and verbal communication abilities.
- High attention to detail and accuracy.
- Ability to manage multiple priorities with minimal supervision.
- Strong interpersonal skills with the ability to collaborate across departments.
- Sound professional judgment and ability to maintain confidentiality.
- Standard office hours - fully in office with hybrid schedule possible
- Occasional extended hours may be required to meet reporting deadlines.
- Invest in Your Future: 401(k) with company match, plus annual merit-based increases
- Prioritize Your Health: Comprehensive medical, dental, vision, life insurance, Long-Term Disability, and FSA and HSA options.
- Recharge and Renew: Generous paid time off and 8+ paid holidays.
- Voluntary Benefits: Short Term Disability, Accident, Critical Illness, and Hospital Indemnity.
- Keep Growing: Ongoing education, leadership training, and advancement opportunities across all departments.
- Celebrate Together: Annual employee appreciation events, team outings, and company-wide recognition programs.
- Make an Impact: Contribute to meaningful projects that shape neighborhoods and improve lives.
The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
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