What are the responsibilities and job description for the Property Accountant position at Panco Operations of NJ LLC?
Property Accountant
At Panco, we believe in supporting professional growth, channeling expertise into action, and creating purpose and value in our communities on every level. An award-winning company with a solid history of success; we are seeking individuals who want to join us as we grow and expand our mission of delivering exceptional residential experiences.
Primary Responsibilities:
- Prepare monthly bank reconciliation for all bank accounts
- Prepare monthly general journal entries, including accruals and adjusting entries
- Prepare monthly internal financial statements
- Prepare year end audit and tax schedules as requested by external accounting firms
- Provide lenders with information as requested
- Prepare reserve reimbursement schedules
- Reviews and approves any tenant account adjustments entered into accounting system for billing purposes
- Post charges, apply payments to tenants accounts and analyze tenant accounts, as needed
- Maintains all aspects of tenant security accounts
- Maintain the receivables and payables subsidiary ledgers and related reports
- Process and Code AP invoices
- Reconcile accrued accounts payable expense monthly and other general ledger accounts, as needed
- Communicate efficiently with team members and other departments to research and resolve any outstanding items that pertains to reconciliations
- Serve as backup for team members to cover vacation times
- Serve as backup for other department functions as necessary
- Perform other related tasks and special projects as requested
What we are looking for in a Candidate:
- Bachelors degree in accounting, Finance, or a related field
- Minimum of 2-3 years of experience in accounting or finance, with a focus on intercompany transactions
- Maintain accurate and up-to-date general ledger entries, including journal entries, accruals, and account reconciliations
- Prepare monthly, quarterly, and annual financial statements and reports, including income statements, balance sheets, and cash flow statements
- Assist with audits and other external reporting requirements
- Work collaboratively with other departments, including accounting, finance, and operations, to ensure accurate recording of financial transactions
- Prepare and process payments to vendors, including checks, wire transfers, and electronic payments.
- Respond to vendor inquiries regarding payment status or other accounts payable issues
- Verify and process intercompany transactions for, payroll, T&E, and fees.
- Reconcile intercompany accounts on a monthly basis and resolve any discrepancies
- Assist with month-end and year-end closing activities related to intercompany transactions
- Ensure intercompany transactions are recorded in accordance with generally accepted accounting principles (GAAP) and company policies
- Assist with identifying and implementing process improvements related to intercompany transaction processing
- Assist with daily cash management activities, including monitoring cash balances, forecasting cash flows, and preparing cash reports.
- Assist with managing bank relationships, including account openings, maintenance, and closing
- Assist with the preparation of reports for senior management, including cash forecasts, liquidity reports, and bank fee analysis.
- Participate in ad hoc projects related to financial analysis and reporting as needed
- Successful completion of required background and drug screening prior to start of employment
What We Offer:
- Competitive Medical, Dental, Vision, and Disability & Life insurance benefits.
- Health Care and Dependent Care FSA and HSA.
- 401(k) with Company Match after 2 months of service.
- Generous Paid Time off. 15 PTO days, 2 Floating Holidays and 7 Company Paid Holidays. Additional PTO accrued with tenure.
- Paid Parental and Maternity Leave.
- Critical Illness, Accident and Hospital Indemnity.
- EAP, Legal Plans, Pretax Commuter Benefit, All State Identity Theft Protection and Pet Insurance.
- Onsite housing discount at the property, subject to unit availability.
- Monthly lease and renewal commission.
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