Property Accountant

Company Overview

MJW Investments is a premier real estate investment firm specializing in the acquisition, development, and asset management of multifamily and student housing properties. With over 35 years of experience and a historical transaction volume exceeding $1 billion, we manage nearly 2,000 multifamily units and 7,500 student housing beds across nine states. Our company thrives on revitalizing and repositioning properties to enhance economic prosperity and enrich individual lifestyles. Recognized by the Los Angeles Business Journal as one of Southern California's largest developers, we pride ourselves on delivering community-focused, innovative projects.

Position Summary

The Property Accountant will lead corporate and property-level accounting operations, ensuring accurate financial reporting and regulatory compliance across MJW’s diverse portfolio. This role is crucial for supporting day-to-day financial operations, including month-end close, cash management, and payroll entries. The Property Accountant will ensure the integrity of financial data within the organization.

Key Responsibilities

• Financial Operations:
• Prepare financials, journal entries, working papers and analysis for monthly, quarterly and year-end close.
• Manage the internal accounting needs for commercial development properties/commercial construction projects.
• Manage the internal accounting needs for commercial operating properties.
• Collaborate with the Asset Manager to prepare and analyze monthly close financial reports.
• Maintain organized, accurate, and up-to-date records for all accounting transactions and reports.
• Help improve accounting processes internally and externally with clients.
• Perform accounting conversions from QuickBooks/MAS into Yardi.
• Corporate & Property-Level Accounting:
  
• Ensure compliance with appropriate general ledger (GL) codes and financial processes across the portfolio.
• Monitor vendor accounts to minimize past-due payments and manage vendor relationships.
• Prepare annual business and personal property tax returns, renew business licenses, and ensure compliance with regulatory requirements.
• Budgeting and Forecasting:
• Create and customize budgets, forecasts, and ad-hoc reports for clients
• Cash Management:
• Oversee property-level cash management, ensuring funds are available for day-to-day operations while optimizing asset performance.
• Manage payroll journal entries and ensure timely processing of payroll.
• Audit and Tax Coordination:
• Interface with external auditors and tax accountants, preparing schedules and reports as necessary.
• Ensure compliance with internal controls and contribute to periodic audits.

Qualifications

• Bachelor’s degree in accounting required.
• 3-5 years of full cycle accounting or audit experience including private industry and/or public accounting.
• Extensive experience with accounting software such as Yardi, Compliance Depot, and Microsoft Office Suite (Excel, Word, PowerPoint).
• Yardi ERP Experience
• Exceptional organizational and time-management skills with the ability to handle multiple priorities and deadlines.
• CPA highly preferred.

Skills & Expertise

• Financial Expertise: Strong knowledge of accounting principles, including month-end close, journal entries, and financial statement preparation.
• Attention to Detail: High level of accuracy and attention to detail in financial reporting and compliance.
• Problem Solving: Ability to analyze complex financial scenarios and provide effective solutions to improve financial performance.
• Communication Skills: Excellent written and verbal communication skills to engage with senior management, external auditors, and property teams.