Property Accountant

SUMMARY

The Property Accountant is responsible for accurate and timely financial reporting for an assigned portfolio of real estate properties. This role manages property-level accounting activities, including general ledger maintenance, monthly close, account reconciliations, variance analysis, cash management, and support for budgeting, audits, and tax reporting. The Property Accountant partners with property management, asset management, accounts payable, and leadership to ensure financial information is complete, reliable, and compliant with company policies and applicable accounting standards.

DUTIES AND RESPONSIBILITIES

• Maintain complete and accurate books and records for an assigned portfolio of residential properties.
• Perform monthly, quarterly, and annual close activities, including journal entries, accruals, prepaid expenses, and reclassifications.
• Prepare monthly financial statements and supporting schedules in accordance with reporting deadlines.
• Reconcile bank accounts, balance sheet accounts, security deposits and escrow accounts.
• Review property income and expenses for accuracy, proper coding, and compliance with budgets, contracts, and company policies.
• Monitor cash balances, prepare cash projections, and coordinate funding requests, distributions, and transfers.
• Partner with property managers to resolve accounting questions, correct discrepancies, and improve the quality of financial reporting.
• Prepare lender, owner, and investor reporting packages as required.
• Assist with external audits, tax return preparation, and regulatory or lender requests by providing schedules and supporting documentation.
• Ensure adherence to internal controls, accounting policies, and generally accepted accounting principles.
• Identify opportunities to streamline processes, strengthen controls, and improve reporting accuracy and timeliness.
• Perform other accounting and finance duties as assigned.