Job Description
Job DescriptionDescription:
Integrity | Accountability | Respect | Relationships | Inclusivity | Vision | Empathy
General Purpose
The primary purpose of the Residential Accountant is to maintain accurate books and records for a portfolio of multi-family properties. The accountant is responsible for issuing financial statements timely and accurately in accordance with the accounting policies and procedures.
Essential Duties/Responsibilities
- Responsible for the full cycle accounting and month-end close for multiple properties, including general ledger account analysis and balance sheet account reconciliations.
- Prepare and review journal entries for month-end close, including accruals, reclasses, amortization, capitalization, and adjusting entries.
- Analyze budget, revenue, expense, payroll entries, invoices, and other accounting documents to research and resolve discrepancies as necessary.
- Perform interim and month-end bank reconciliations and resolve outstanding items promptly.
- Regular GL scrub for inconsistencies, based on review and analysis record reclassifying entries as necessary.
- Analyze property cash position weekly, collaborating with property management team to review and select payables.
Ensure timely and accurate payment of high-priority payments such as taxes, mortgages, and distributions. Analyze, reconcile, and track property insurance claims timely and accurately.
- Prepare monthly financial reporting packets according to management/owner requirements and deadlines.
- Ensure all documentation, such as bank transfer request and journal entry support, is prepared, organized, and stored in accordance with company policy.
- Collaborate with the property management team to analyze tenant/owner ledgers, research and resolve questions.
- Key contributor to the analysis and variance explanations for the financial statements.
- Assist with year-end audits by preparing workpapers, recording audit entries, and verifying financials. Coordinate with the property management team to gather necessary information.
- Compile data and perform analysis to contribute to the preparation of the annual property budget.
- Identify opportunities for automation to streamline accounting and reporting processes.
- Prioritize exceptional customer service and maintain professionalism in all interactions.
- Communicate effectively with internal and external stakeholders.
§ Comply with company policies, accounting procedures, and applicable local, state, and federal laws.
§ Perform other duties as assigned or as necessary.
Requirements:
Experience:
- Minimum of 1 - 3 years accounting experience in financial reporting
- Real estate accounting experience strongly desired
- Experience with Yardi is highly desired
- Experience in cash management
Education:
Bachelor's degree in Accounting required from an accredited four-year college or university