Property Accountant

Ledgent Finance & Accounting's client is currently seeking a dedicated Property Accountant to join their team in California. This role involves full-cycle accounting for a portfolio of affordable housing properties. Reporting to the Accounting Manager and/or Assistant Accounting Manager, the Property Accountant will play a crucial role in ensuring the financial integrity of the properties under their care.

• Prepare monthly and quarterly financial reports for a portfolio of affordable housing properties, reviewing accounting entries from third-party management companies and making necessary adjustments.
• Ensure compliance with GAAP and relevant regulatory requirements.
• Maintain various supporting workpapers in Excel, including fixed asset schedules, property tax accruals, prepaid insurance, mortgage loan amortization, and partner capital contributions and distributions.
• Prepare monthly bank reconciliations for multiple accounts.
• Ensure accurate recording and coding of accounts payable to the appropriate general ledger accounts.
• Assist with cash management alongside the Accounting Manager and Assistant Accounting Manager.
• Coordinate wire transfers and ACH payments.
• Calculate and post month-end adjustments, including accruals, intercompany reconciliations, and depreciation.
• Reconcile subledgers on a monthly basis.
• Prepare a comprehensive month-end package to support financial statements.
• Liaise with property managers regarding financial statement inquiries.
• Perform various reconciliations and adjustments as needed.
• Collaborate with external tax preparers and auditors during annual audits and reviews.
• Assist with annual budget uploads to accounting software.
• Support the Senior Property Accountants in audits and special projects.
• Other accounting duties as assigned.

• Associate's degree in Accounting, Finance, or related field; Bachelor's degree in Accounting preferred.
• 1-3 years of accounting experience, particularly in property management or real estate.
• Strong understanding of accounting principles and financial reporting.
• Proficient in Yardi or similar accounting software, with advanced Excel skills.
• Demonstrated leadership and team management capabilities.
• Excellent analytical skills and attention to detail.
• Strong written and verbal communication skills.
• Proactive, adaptable, and eager to learn in a supportive environment.
• Positive attitude and ability to work well with minimal supervision.

Monday - Friday

Comprehensive benefits package available, further details can be provided upon request.

Max Pay is $80,000 per year.

All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, and Los Angeles County Fair Chance Ordinance. For unincorporated Los Angeles county, to the extent our customers require a background check for certain positions, the Company faces a significant risk to its business operations and business reputation unless a review of criminal history is conducted for those specific job positions.