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Property Accountant
Pennrose Philadelphia, PA
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$70k-85k (estimate)
Full Time 4 Days Ago
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Pennrose is Hiring a Property Accountant Near Philadelphia, PA

Overview:

Responsible for assisting the Controller with the day-to-day reporting of the Companys 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.

Pay range: $70,000 - $78,000/year depending on experience.

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:
  • Bachelors degree in Accounting required
  • 2 years experience in general accounting required.
  • Requires valid drivers license, insured vehicle and ability to travel (properties, offices, agencies, etc.)

Job Summary

JOB TYPE

Full Time

SALARY

$70k-85k (estimate)

POST DATE

06/28/2024

EXPIRATION DATE

07/15/2024

WEBSITE

pennrose.com

HEADQUARTERS

PHILADELPHIA, PA

SIZE

200 - 500

FOUNDED

1971

TYPE

Private

CEO

HOLMES DARLENE

REVENUE

$10M - $50M

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About Pennrose

Pennrose engages in the development and management of multifamily residential and mixed-use properties.

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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.

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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.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College