What are the responsibilities and job description for the Property Accountant position at MSI Recruiting?
Overview
The Property Accountant is responsible for all the accounting for an assigned set of properties owned by Company, including but not limited to, cash receipts and tenant revenue, reviewing operating expenses, month and year end close process, variance reporting and financial statement preparation, and building strong relationships with our accounting and property management teams.
Responsibilities
- Review new leases/renewals/amendments for assigned properties to ensure tenants are billed accurately. Work closely with Lease Administrator to enter correct billing estimates and security deposits.
- Prepare bank reconciliations and post journal entries monthly to account for all necessary transactions for each property.
- Review General Ledger, AP/AR Aging, and Security Deposit reports monthly to identify any reconciling items.
- Monitor cash accounts for all activity and ensure monthly debt payment is paid and recorded timely.
- Generate financial statements for each property and work with Property Management team on variance explanations and/or possible reclassifications if needed.
- Work with Capital teams to understand costs associated with capital spending for upcoming cash needs.
- Prepare budgets and work closely with Property Management team for operating expenses and capital expenditures.
- Prepare annual and periodic CAM Reconciliations for tenants.
- Generate and submit lender reporting packages quarterly and at year end.
- Assist controllers in preparing schedules needed for year end financial audit.
- Work with Capital team on tracking capital spending in Job Cost.
QUALIFICATIONS
- Associates or Bachelor’s degree required.
- 4 years of accounting experience preferred, with an emphasis on property accounting.
- Proficient in Excel and other Microsoft applications required.
- Experience with Yardi preferred.
- Must be able to work in a fast-paced environment.
- Detail-oriented and results-oriented with a desire to constantly learn.
- Strong analytical and organizational skills with the ability to set priorities, manage multiple projects, and meet deadlines.
- Must have excellent communication skills, both verbal and written, and the ability to effectively interface with all departments of the company in a highly professional manner.
- Ability to work independently, as well as part of a team.
- Competitive salary and best in class health benefits.
- Unique opportunity to join a fast growing company in an exciting industry.
