What are the responsibilities and job description for the Property Accountant position at PB Bell Asset Management, Inc.?
WHO WE ARE
Our mission at P.B. Bell is making lives and places better by developing, improving and managing multifamily communities. Based in Scottsdale, P.B. Bell has provided multifamily services since 1976 and remains family-owned. Committed to quality apartment homes and service, P.B. Bell’s portfolio spans throughout every Phoenix submarket as well as Northern Arizona. Click here to view our communities.
At P.B. Bell, everything we do is guided by our core values: Get Creative, Act with Integrity, Be Accountable, Show You Care and Enjoy The Ride. For more than 45 years, these qualities have defined our culture and continue to be celebrated.
As a multifamily housing developer and management company, it’s important for our team at P.B. Bell to support the residents and members of our communities at large. From onsite clothing and food drives to community clean-up efforts and charitable donations, we pledge to make our communities a better place for everyone. P.B. Bell is a proud member of the Arizona Multihousing Association.
Position Summary
The Property Accountant plays a critical role in overseeing and executing advanced accounting tasks, ensuring accurate financial reporting, compliance, and operational excellence. This role involves managing the monthly close process, financial reporting, property onboarding, and delivering high-level support to Portfolio Directors, property owners, and site managers. The Property Accountant will take the lead handling complex reconciliations and assisting with audit preparations.
Key Responsibilities
- Oversee the monthly close cycle for assigned properties, including reviewing and posting journal entries, reconciling GL accounts, preparing bank reconciliations, and finalizing financial packages for management review.
- Serve as the primary accounting liaison for Portfolio Directors and property owners, addressing and resolving high-level accounting inquiries and providing strategic insights.
- Prepare and review monthly owner distributions, management fees, and property-specific financial reports, ensuring timely delivery.
- Review and approve monthly sales tax calculations and filings, ensuring compliance with state regulations.
- Lead the accounting efforts for property acquisitions and dispositions, including due diligence requests, closing prorations, closing statement reviews, and post-closing reconciliations.
- Oversee and execute new property onboarding, including initial financial setup and establishing reporting structures.
- Conduct internal property audits and recommend process improvements to enhance financial accuracy and operational efficiency.
- Support year-end audit processes by preparing schedules, reconciling complex accounts, and working directly with external auditors.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field (required).
- 1-3 years of accounting experience, preferably in real estate development or property management but not required.
- Advanced proficiency in Microsoft Excel.
- Experience with accounting software such as Yardi (preferred) with the ability to optimize system utilization.
- Strong understanding of GAAP, financial statements, and accounting processes.
- Excellent communication skills with the ability to present complex financial information clearly and concisely.
- Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
