Property Accountant

Position Summary:

The Property Accountant is responsible for preparing, processing, reviewing and evaluating financial transactions for an assigned portfolio of clients. The Property Accountant is to ensure the accuracy of all financial data. The Property Accountant will work within the team on various monthly accounting tasks.

Job Requirements:

BA/BS in Accounting or related field preferred, experience can be substitute for education.

Minimum of 1-2 years in accounting is required.

Knowledge of YARDI is a plus.

Responsibilities:

General Ledger/Financial Reporting

• Prepares monthly accounting package for each property, including full balance sheet reconciliations. 
• Prepares and records each property’s journal entries.
• Responsible for recording each property’s monthly GL reclassifications reports.
• Reconciles each property’s bank statements, for all bank accounts, monthly and researches and corrects all reconciling items.
• Edits each property’s recurring monthly journal entries in accordance with the property’s financial plan as needed.
• Reconciles Escrows and Replacement Reserve Accounts monthly.
• Monthly accruals for each property.
• Reconciliation of investment statements.

Audit Process

• Prepares the audit work paper package for each assigned property, consisting of information related to each balance sheet account, and income or expense account.
• Assists in all preliminary fieldwork completed by auditors.
• Enters any audit adjustments into Yardi and ties out Equity.

Accounts Payable

• Prepares each property’s management fee monthly and reconciles these payments monthly.
• Prepares each property’s mortgage PA monthly according to the property’s amortization schedule or monthly statement.
• Responsible for preparing the Real Estate Tax PA for each property after receiving the real estate tax bills from the city, town or mortgage company.
• Reviews weekly check runs for assigned properties to ensure proper authorization and accurate coding for disbursements.

Accounts Receivable

• Compare the accounts receivable posted by the Property Managers in Yardi to the Bank activity to ensure that all deposits are posted correctly.