What are the responsibilities and job description for the Property Accountant position at Northland?
Position Purpose: The Property Accountant will perform accounting functions under close supervision, including reviewing and preparing monthly financial statements and reporting for multifamily and commercial real estate properties. Ensure accurate and complete accounting records and transactions are prepared and maintained. Responsible for supporting the management and operation of multifamily housing and commercial real estate business through the delivery of responsible accounting practices and informative operational and financial reporting services.
Essential Functions: The following list of essential job functions is not exhaustive and may be supplemented or modified, as necessary.
- Responsible for 10 to 12 properties for a designated region.
- Perform full-cycle accounting transactions through the General Ledger.
- Review and prepare monthly financial statements and reporting for multifamily and commercial properties, using accrual basis of accounting.
- Prepare interim and year-end audit work papers.
- Review and approve invoices for payment.
- Prepare lender reporting and lender replacement reserve funding requests.
- Initiate payments in accordance with requirements of various mortgage notes.
- Complete bank reconciliations.
- Assist in the preparation of capital and operating budgets and assist in re-forecasting property operations.
- Perform cash management functions.
- Monitor escrow balances, including real estate, insurance, and replacement reserves.
- Perform escalation calculations for commercial properties.
- Act as a team member with all employees of the Northland Investment Corporation staff.
- Read, understand, comply with and enforce all Northland Investment Corporation policies and procedures.
- Carry out other duties as assigned by supervisors or managers.
Qualifications and Requirements: The individual must possess the following knowledge, skills and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.
- A bachelors degree preferably in Accounting, Finance, or related field plus 1-3 years of accounting experience, public or private. Exposure to real estate or multi-site accounting preferred.
- Thorough understanding of full-cycle accounting transactions, and their effects on the General Ledger and financial statements.
- Advanced competency with computer, peripherals and variety of software including Microsoft Office 365.
- Strong verbal and written communication skills.
- Ability to handle pressure, meet deadlines, and set priorities for workload.
- Ability to manage time effectively to support multiple tasks simultaneously.
- Ability to interpret responsibilities and possess the initiative and willingness to assume additional responsibilities.
- Ability to solve routine problems independently.
- Ability to work collaboratively with coworkers and maintain a cooperative, productive atmosphere.
- Excellent interpersonal skills and a customer service attitude will be essential for success, and to communicate effectively with site managers.
- Clear understanding of escrow balances including real estate, insurance, and replacement reserves.
Benefits Highlights:
- Competitive Bonus Structure
- 401(k) Company Match
- Medical, Dental, & Vision Insurance
- Generous PTO (including well-being time)
- Employee Apartment Discounts
- Employee Assistance Program
- Educational & Vocational Assistance
Northland is a proud Equal Opportunity Employer and a Drug Free Workplace.
