Property Accountant - Multifamily (Remote: DC,MD, VA)

WHY WORK FOR ELME?

ELME Communities elevates the living experience for value-conscious renters. We are firm in our belief that everyone, regardless of income level, can take pride in the place they call home, enjoy consistently remarkable service, and a well-maintained community. With a focus on middle-income renters, and as part of this experience, return on investment, operational excellence, empathetic interactions, and respectful communication are at the heart of our stakeholder journey.  If this resonates with you, you might be a great addition to our growing team. 

When you join our corporate enablement team as a Property Accountant you are joining a passionate team dedicated to providing empowerment, support, and long-term solutions to our internal and external stakeholders so they may achieve their best and nurture belonging in our apartment communities.

You are a good fit if you have had progressively more responsible roles in public or multifamily accounting, have a strong foundational knowledge of accounting and an interest in building out processes. 

This role is fully remote but is required to reside in DC/MD/VA and visit the office on occasion for training and/or meetings.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Property Accounting

• Prepare timely, complete and accurate monthly financial reports under US GAAP for a portfolio of residential communities
• Create journal entries for recurring and ad hoc accruals, amortizations and reclasses
• Coordinate with operations teams to ensure that deposit accounting is completed for month end close
• Lead discussions in monthly preliminary close calls with operations teams to ensure accurate and complete financials
• Analyze monthly financial results by comparing budget to actuals for completeness of accruals
• Prepare monthly bank reconciliations
• Reconcile balance sheet accounts monthly including reconciliation of sub ledgers to the general ledger.
• Support the external audit by working with auditors on client requests and preparing footnote schedules
• Assist operations and asset management teams with any ad hoc requests

Fixed Asset Accounting

• Create fixed assets to close out all project management jobs and submit corresponding journal entry
• Record depreciation and write-offs of disposed assets
• Perform monthly analysis of depreciation activity
• Review and submit quarterly accruals for the construction management team
• Maintain accurate job cost and project accounting records for development projects, including quarterly accruals for open costs

EDUCATION AND/OR EXPERIENCE

• Minimum 2 years accounting experience. Experience with Yardi is a plus.
• Bachelors degree in Accounting or Finance required.
• CPA preferred
• Goal-oriented, organized, detail oriented and driven team member.
• Understanding of Sarbanes Oxley and US GAAP reporting requirements (real estate accounting is a plus).
• Thoughtful problem-solver with the ability to identify issues and assess solutions.
• Internal desire to learn new things and discover efficiencies.
• Proficiency in Microsoft Word and Excel.
• Excellent communication, reading comprehension and analytical skills.

The annual salary range for this role is $90,000-$100,000 (subject to experience).

Additional Compensation: In addition to the base salary, this role may be eligible to participate in our incentive programs which may include annual short-term and/or long-term incentives and spot awards.

TEAM MEMBER BENEFITS:

Elme Communities is excited to offer full-time team members a suite of benefits designed to support you both in and out of the office. Here's what you can expect:

• 401(k) Matching: Plan for your future with our generous 401(k) matching program.
• Dental Insurance: Keep your smile bright with our comprehensive dental coverage.
• Health Insurance: Choose from 3 plan options to find the perfect fit for your healthcare needs.
• Life Insurance: Gain peace of mind for you and your loved ones with our company-paid life insurance policy.
• Disability Insurance: We've got you covered with both short-term and long-term disability insurance.
• Paid Time Off: Recharge and relax with our paid time off policy.
• Paid Holidays: Celebrate life's moments with paid time off on holidays.
• Pet Insurance: Because we know your furry friends are family too!
• Rent Discount: Enjoy a 30% discount on rent at any of our communities to make your living situation more affordable and stress-free.

Elme Communities is an Equal Opportunity Employer. We welcome and support an inclusive workplace culture.

Salary : $90,000 - $100,000