What are the responsibilities and job description for the REAL ESTATE ACCOUNTANT position at STATE OF FRANKLIN HEALTHCARE GROUP?
Job Details
Description
WHO WE ARE:
State of Franklin Healthcare Associates (SOFHA) is a physician-led and team member-owned multi-specialty care group of more than 250 providers and 900 team members headquartered in Johnson City, TN with 35 locations in the upper East Tennessee & Southwest Virginia region. SOFHA is proud to announce that they are now the largest medical organization to implement an Employee Stock Program (ESOP), meaning our employees are now able to become partial owners of SOFHA through a vesting schedule. Our mission is to improve the health and well-being of our patients and our team members.
PRIMARY RESPONSIBILITIES:
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- Supervises property clerks.
- Provide training, guidance, and performance evaluations.
- Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements for real estate properties.
- Prepare agenda and financials for the annual meetings.
- Attend meetings and record meeting minutes.
- Manage accounts payable and receivable related to real estate distributions.
- Monthly review accounts receivable aging reports and send notifications to tenants with delinquent balances.
- Reconcile property-related accounts and ensure accurate recording of income and expenses.
- Oversee lease accounting, including rent collection and lease management.
- Facilitating property purchases and sales by printing and distributing buy-in checks.
- Prepare yearly true-up for CAM fees.
- Assist in the preparation of annual budgets and financial forecasts for real estate portfolios.
- Monitor budget adherence and provide variance analysis.
- Set up new real estate partnerships.
- Coordinate with property managers to ensure accurate and timely financial reporting for each property.
- Review and approve property management fees and expenses.
- Maintain a master listing of property taxes and ensure accurate payment of all property taxes.
- Ensure compliance with real estate accounting standards and regulations.
- Stay updated on changes in real estate tax laws and accounting principles.
- Support internal and external audits by providing necessary documentation and explanations.
- Develop and maintain internal controls to safeguard financial assets.
- Communicate effectively with clients, vendors, and stakeholders regarding financial matters.
- Address and resolve any financial discrepancies or issues related to real estate transactions.
- Prepare and Distribute Partnership summary letters.
REQUIREMENTS:
EDUCATION:
- Bachelor’s degree in accounting, Finance, or related field (CPA or equivalent certification preferred).
EXPERIENCE:
- Proven experience in accounting, with a focus on real estate accounting preferred.
- Strong understanding of real estate transactions, property management, and financial reporting.
- Proficiency in accounting software, preferably Yardi and Microsoft Office Suite (Excel, Word, Outlook).
- Excellent analytical, problem-solving, and organizational skills.
- Ability to work independently and manage multiple priorities.
- Strong communication and interpersonal skills.
WHAT WE OFFER:
State of Franklin Healthcare provides a comprehensive and competitive total compensation package designed to meet the needs of our full-time team members including:
- Company Provided Life and Accidental Death and Dismemberment Insurance
- Company Provided Long Term Disability Insurance
- Employee Stock Ownership Plan
- 401(k) Company Contributions
- Voluntary options for Medical, Dental, Vision, and additional Life Insurance.
- Company match in Health Savings Account Plans (restrictions apply)
- Vacation, Personal, Sick and Holiday Time Off
- An array of team member perks and discounts
- Tuition Assistance Programs
- And more!
Qualifications
