What are the responsibilities and job description for the Property Accountant position at Nolan Living?
Job Title: Property Accountant
Job Summary:
Nolan Living is seeking a Property Accountant responsible for the General Ledger and financial reporting for assigned properties. This role assists the property management team with financial management, and reporting activities. The position is based at the Nolan Living corporate headquarters in Kansas City and reports to the Director of Property Accounting. The opportunity is ideal for a detail-oriented, self-starter who can manage competing priorities, meet deadlines, and thrives in a fun, dynamic, and collaborative environment.
Nolan Living Summary:
Nolan Living (the “Company”) is a vertically integrated owner and operator of residential communities across the United States. With a 30-year track record of successfully acquiring and repositioning residential communities, the Company has acquired approximately 19,000 units and disposed of 13,000 since 1992. Currently, the Company owns and manages 26 communities consisting of more than 6,000 units. Nolan Living employs over 250 professionals across investments, property management, construction management, asset management, finance, accounting, HR and marketing.
Primary Responsibilities:
• Manage accounting, reporting and analysis for an assigned portfolio of properties, including overseeing A/P, A/R, G/L, bank reconciliations, G/L account reconciliation and monthly financial packages.
• Assist Property Management staff with budget preparation.
Duties include the following (other duties may be assigned):
• Analyze account balances, prepare reconciliations, propose adjusting entries as needed, and prepare monthly financial statements with variance analysis to budget and prior periods.
• Reconcile all Balance Sheets and bank accounts for assigned portfolio of properties monthly, meeting required deadlines.
• Reconcile intercompany activity and prepare chargebacks and funding between entities.
• Prepare and input journal entries and accruals
• Follow-up on outstanding account issues
• Reconcile and maintain Escrow and Reserve accounts for assigned properties, meeting required deadlines
• Manage monthly activity for a few commercial property accounts, including reconciliations, preparing monthly/quarterly/annual reports and analysis.
• Handle capitalization and reporting of all fixed assets for book and tax purposes, working closely with external tax team.
• Understand internal policies and procedures fully, making recommendations for updates and changes as needed
• Oversee payable function with the help of Assistant Property Accountant, including, weekly processing of payments, bank reconciliations, vendor inquiries, annual regulatory requirements, internal controls, and trouble shooting.
• Manage a wide range of projects, resolve accounting-related problems and provide support/analytics on ad-hoc requests.
Qualifications:
• Bachelor's degree in accounting, finance, or a related field
• Minimum of 2 years of experience in accounting, with a preference for real estate property accounting experience.
• Knowledge of Yardi strongly preferred
• Excellent communication and customer service skills
• Ability to work independently and manage multiple projects simultaneously
• Strong attention to detail and analytical skills
• Proficiency in Microsoft Excel and other financial analysis tools
• Enthusiastic and motivated to succeed in a team environment and exhibit integrity, tenacity, accountability, and flexibility
Salary : $65,000 - $75,000
