What are the responsibilities and job description for the Property Accountant position at Franklin Group?
JOB TITLE: Property Accountant
REPORTS TO: VP of Property Accounting
JOB SUMMARY:
The qualified candidate will be responsible for all required day-to-day accounting functions for an assigned portfolio of properties, and will be the primary accounting liaison to operational staff and corporate departments for the assigned property portfolio. This is a comprehensive position that requires a motivated self-starter who enjoys challenges, is analytical and detail-oriented with a good foundation in accrual-basis accounting.
RESPONSIBILITIES include, but are not limited to:
- Communicate with operational staff on a regular basis to ensure they are receiving the necessary information and guidance required to successfully operate their properties and meet reporting deadlines
- Provide accounting expertise to operational staff – an ability to understand the operational point of view is essential
- Prepare full-service monthly and quarterly financial statements for assigned properties by gathering and analyzing information from the general ledger system and other departments
- Perform required accounting functions such as reconciling accounting schedules to the general ledger, tracking Balance Sheet account activity, making journal entries, reconciling bank and mortgage statements, preparing supporting work papers, etc.
- Review payables that have been input by operational staff, confirm cash availability and initiate payments
- Work alongside operational staff and property/asset management teams to produce necessary reports and answer questions regarding property accounts including variances from budget; assist with the preparation of cash flow projections to determine funding requirements or cash distribution amounts
- Understand and comply with accounting policies and procedures; recommend and implement process improvements as appropriate
- Regularly interact with various levels of management and other departments as well as with auditors, lenders and other 3rd parties; prepare additional reports and analysis as required by various parties
- Assist with on-boarding of new accountants; cross-check team member’s work; develop positive working relationships with employees throughout the company.
- Special projects and other duties, as assigned by Accounting Manager, VP-Controller and CFO.
- Protect company’s value by keeping information confidential
- Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organizations
- Assist with transition to new software systems and implementation of improved processes and procedures
SKILLS/QUALIFICATIONS:
- 1-2 years of hands-on, day-to-day accrual-basis accounting experience required
- 1 years accounting experience in the property management industry is strongly preferred
- Hands-on experience in accrual-basis financial statement analysis – balance sheet, income statement, general ledger, cash flow – is strongly preferred
- Strong Microsoft Excel skills a must, MRI Software experience a plus – An aptitude for learning new systems is a strong plus
- Bachelor’s degree in Accounting preferred
- Analytical with a natural inclination to proactively and resourcefully perform research and ask questions in order to resolve issues and maintain accurate financials
- Strong, internal drive to consistently improve on processes and provide accurate, timely financials to ownership; Ability to meet deadlines without compromising accuracy, excellent product quality and attention to detail; Must be organized, meticulous and extremely detailed.
- Independent, self-starter, able to work effectively with limited supervision and demonstrate an ability to work both independently and within a team environment
- Possess strong organizational, time management and project management skills
- Excellent oral and written communication skills; high level of professionalism and excellent interpersonal skills exhibiting strong relationship-building ability
- Ability to work overtime, when required
- Flexible, positive attitude, easily adapt to change as the company pursues their best-in-class goals
- Candidates will be required to pass a criminal background screening & a drug screening.
Franklin Group is an Equal Opportunity Employer.
