What are the responsibilities and job description for the Property Accountant position at CWS Apartment Homes?
Opportunity Available to Join a Unique Accounting Team
CWS Capital Partners is a fully integrated real estate investment company that specializes in the acquisition, development, reposition and management of luxury apartments. While we have a considerable presence in Texas, we also service other markets in North Carolina, Georgia, Arizona, Colorado, Washington, Tennessee, and California. CWS Apartment Homes is the property management arm of CWS Capital Partners.
Our accounting team is located primarily in Austin, Texas and consists of a team of 20 dedicated individuals who work hard but still know how to have fun. We maintain the books and records for approximately 30,000 apartment units held in some 1,200 partnerships and other entities. It’s a big job that we take a great deal of pride in executing.
Currently, we have an opportunity for a Property Accountant who will be responsible for a portfolio of apartment properties. The position will be trained and supported by one or more members of the accounting team.
Example Functions and Responsibilities:
- An understanding of the flow of financial statements, both balance sheet and income statement.
- Accrual of current month expenses
- Payment of current payables
- Capex Reimb Draws
- Insurance claim reimbursement draws
- Property tax and insurance accruals
- Calculate and accrue amortization expense
- Deferred revenues
- Prepaid journal entries and reversing JE’s
- Reclass A/P payables
- Research/Follow-up on Open Oper Cash Items
- Reconciliation of Operating Cash
- Compliance with Lender Reporting
Essential Knowledge, Skills, and Abilities:
- An understanding of the flow of financial statements, both balance sheet and income statement.
- An understanding of accrual accounting (versus cash basis accounting).
- An understanding of Retained Earnings /Equity Accounts.
- An understanding of the flow and workings of the Statement of Cash Flows.
- An understanding of the concepts and practices of depreciation and amortization.
- Strong attention to detail.
- Working knowledge of Yardi Software is a plus.
Our Purpose and Values
Our company purpose is “Enhancing Lives the CWS Way.” Our business enhances important aspects of people’s lives by taking care of where our residents live, our investors’ money, and the lives of our fellow CWS employees. The “CWS Way” refers to our long-held Company Values, which are defined below.
- Ethical Dealings are Paramount – Do the right thing all the time, every time.
- A Demand for Excellence with a Sense of Urgency – Be intentional. Be accurate. Be timely. Care.
- Honoring Our Word – Do what you say you will do.
- Respect for People – Treat others the way you wish to be treated.
- Requirement for Profitability and Sustainability – Bring value to our employees, residents and investors in a company designed for the long term.
If these ideas resonate with who you are, you might be right to join the CWS Team. Here’s more about us.
