Hillpointe is a fully integrated real estate development and investment management firm focused on developing market-rate workforce housing across the Sun Belt. Ranked at the top of NMHC's Builders and Development companies, our team ensures best-in-class execution. This position is more than just a job - it's a career-defining opportunity! At Hillpointe, you'll be part of a dynamic, innovative team that makes tangible impacts on day-to-day operations and contributes directly to overall success.
PROPERTY ACCOUNTANT
The Property Accountant will be responsible for the full cycle of accounting for an assigned portfolio of multifamily properties.
Essential Duties & Responsibilities:
The Property Accountant's primary responsibilities shall include but are not limited to:
* Financial Statement Preparation - Responsible for recording all necessary journal entries throughout the month and preparing financial statements/reporting packages in a timely manner for multiple properties.
* Review of financial statements to ensure their accuracy and provide comments on the properties within their portfolio.
* Responsible for cash flow management and anticipation of future cash deficiencies for each of the properties assigned.
* Calculation and processing of required cash contribution and distributions.
* Monthly bank reconciliations, including follow-up and correction of outstanding items.
* Ensuring accurate vendor invoicing and the timeliness of payments.
* Responsible for overseeing and following up on critical payments such as real estate taxes, insurance, debt service, etc. for all assigned properties. Review of lender escrows (taxes/insurance) and replacement reserve escrows to ensure adequate funds are available for future use. Monthly reconciliation of escrows and reserves, when applicable
* Communication with on-site teams and other team members to assist in completing pre-close and close activities.
* Accounting Month End (AME) Preparation - Reviewing of all site reports against general ledger reports to ensure accuracy.
* Calculation and review of management fees to ensure accuracy.
* Reconciliation and understanding of all balance sheet accounts and preparation of all supplementary reporting as required (Balance Sheet Schedules).
* Monthly general ledger close.
* Responding to inquiries in a timely manner.
* Reviewing and posting accruals and reclasses, as needed.
* Assistance with the preparation of supporting working papers and documentation for year-end audit processes.
* Annual follow-up on the status of budgets throughout the draft, revised, and final stages to ensure completion and upload within the assigned deadlines.
* Assist with special or ad hoc projects and other tasks as needed.
Requirements:
* 3 Years of Accounting Experience - Property Accounting preferred.
* 4 yr. Accounting or Finance Degree required.
* Proficient in Word and Excel.
* Experience with financial systems software required, RealPage preferred.
* Strong, concise written and oral communication skills necessary.
* Strong analytical skills.
* Must be able to work under pressure, meet deadlines, multi-task and work independently.
* Ability to work cooperatively and collaboratively with all levels of employees, management and third parties.
NOTE: This document outlines the general nature and level of work expected from individuals in this role. It's important to understand that this is not an exhaustive list of responsibilities, duties, and skills. Additional tasks or job functions that can be safely performed may be required as necessary by supervisory personnel. This flexibility in additional duties showcases the company's adaptability and encourages employees to be versatile. The employee is expected to adhere to all work rules, procedures, and policies established by the company, including, but not limited to, those contained in the employee handbook.
