Property Accountant

Pennrose Management

Philadelphia, Pennsylvania

Date Posted January 25, 2023
Industry Internal Audit
Specialty Not Specified
Job Status Not Specified
Salary Not Specified

Description:

Overview:
*NOT a remote role - Operates on a HYBRID model in Philadelphia, PA - 3 days on-site/2 days remote*

Responsible for assisting the Controller with the day-to-day reporting of the Company’s managed properties by maintaining accurate books and records of each property and providing analysis and support.


The Property Accountant will be responsible for creating a professional work environment, which reflects the PMC priorities of customer service, respect and collegiality among property team members, full compliance with the regulatory requirements, while following company policies and procedures and applicable regulations. In addition, the Staff Accountant will be responsible for presenting to PMC and ownership periodic reports on financial issues.
Responsibilities:
  • Completes monthly and quarterly reporting packages and prepares reporting packages for distribution within established deadlines.
  • Reconciles all bank accounts associated with each property in assigned portfolio on a monthly basis.
  • Responsible for cash management of each property on a daily basis.
  • Prepares and enters all journal entries necessary to maintain balance sheet and income statement accounts to accurately reflect financial activity and balances.
  • Prepares workpapers for annual audit by outside auditors.
  • Assists with the preparation of annual budgets for all properties in assigned portfolio.
  • Maintains debt service schedules and verifies all debt service and reserve and escrow payments are made as required.
  • Completes periodic site visits and reports in accordance with company policy.
  • Performs other accounting tasks as assigned.
Qualifications:
  • Bachelor’s degree in Accounting required
  • 2 years’ experience in general accounting required.
  • Requires valid driver’s license, insured vehicle and ability to travel (properties, offices, agencies, etc.)