18 Property Accountant Jobs in Philadelphia, PA
Campus Apartments is Hiring a Property Accountant Near Philadelphia, PA
Reports to : Senior Property Accountant/Regional Controller/AVP of Finance
Prerequisites : Bachelor degree in accounting is strongly preferred along with prior knowledge in real estate accounting. Candidate must have knowledge of accrual and cash basis methods of accounting along with understanding of general ledger and sub-ledgers. Candidate must be comfortable in making general journal entries through the account reconciliation process.
Responsibilities:Primary Responsibilities
Perform month end close duties including, but not limited to:
- Prepare accrual or cash based journal entries as needed
- Review accounts payable for coding and reclassification; process correcting entries as needed
- Review accounts receivable and tenant ledgers
- Manage deadlines and stay on schedule for all tasks
- Complete budget to actual comparison analysis (income and expense)
- Complete all bank reconciliations (operating, investment, security deposit)
- Reconcile and analyze all balance sheet accounts on the trial balance with supporting schedules that identify the components of the balance
- Complete monthly management report packages for all assigned properties
- Coordinating drafts and changes between property and Finance
- Proof reading for grammatical accuracy
- Assemble reports and deliver in a timely manner to allow for review and final distribution
- Communicate directly with site staff in regards to accounting issues which need clarification.
Additional Responsibilities
Other projects as assigned including, but not limited to:
- Prepare quarterly reserve draws
- Prepare quarterly statements for lenders
- Complete fixed asset analysis in Entrata and in Fixed Assets CS; record necessary entries
- Compile requested audit information when needed
- Prepare and analyze annual budgets
- Prepare cash flow projections as needed
- Complete additional projects as assigned by manager
Knowledge and Skill Requirements
- Bachelors Degree in Accounting preferred
- Entrata experience, a plus
- Fixed Assets CS experience, a plus
- Microsoft Office, especially Excel
- Strong communication skills, oral and written
- Ability to prioritize tasks while working on numerous projects simultaneously
The Property Accountant is responsible for a portfolio of 8-10 properties. The properties may utilize either the accrual basis or cash basis of accounting. The Property Accountant should have working knowledge of either basis to support the requirements.
Job Summary
Full Time
$70k-86k (estimate)
07/02/2024
07/17/2024
thepartysover.org
Philadelphia, PA
<25
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The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Property Accountant job description and responsibilities
Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.
04/12/2022: San Antonio, TX
Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.
03/10/2022: Springfield, MA
A property accountant for a hotel chain might also produce profit and loss reports during the same periods.
02/24/2022: Longview, TX
Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.
01/25/2022: Tulsa, OK
Property accountants are responsible for the daily accounting operations on public properties.
03/27/2022: Bakersfield, CA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Property Accountant jobs
Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.
03/18/2022: Providence, RI
Some property accountants oversee the finances of maintenance and repair expenditures.
03/17/2022: Raleigh, NC
Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.
03/13/2022: Somerset, NJ
Property accountants complete general ledger entries and manage cash balances.
02/26/2022: Springfield, IL
Property accountants assist with the preparation of documents for annual audits and tax filing processes.
01/23/2022: Portsmouth, OH
Step 3: View the best colleges and universities for Property Accountant.
