What are the responsibilities and job description for the Property Accountant position at RADCO Residential?
Status: Full Time
Career Level: Mid-Level
Reporting Relationships:
This position reports directly to the Accounting Manager.
Summary:
The position will assist in the preparation and review of monthly financials and month-end close-outs for hotel and residential real estate projects. This position will be responsible for several properties to help support internal Investment Management and our 3rd party business partners.
Essential Duties and Responsibilities:
- Work in coordination with 3rd party partners, property managers and investment managers to supply accurate and timely monthly financial statements, including balance sheet, income statement, cash flow reports and variance analysis.
- Provide effective and professional communication to senior management, business partners, and lenders, including business letters, monthly project reporting, and variance explanations.
- Review and monitor income and property expenses/ accruals for accuracy and completeness.
- Review annual property budget templates and load into company’s financial system.
- Submit construction draws to bank or equity partners for funding.
- Establish, maintain, and update files, databases, records, and/or other documents; develop and maintain data, and perform routine analyses and calculations in the processing of data for recurring internal reports.
- Ability to produce high quality reports and written documents.
- Work in conjunction with project management to determine current cash position, budget status and new project set up.
- Other accounting duties including but not limited to property bank reconciliations, replacement reserve draws, lender financials, quarterly cash forecasting, quarterly investment notes, and special projects.
Education/Experience and Technical Requirements:
- Four-year college degree with a major in Accounting
- 2-5 years of experience working in the Accounting field
- Experience with Yardi Accounting software is a plus
- Self-motivated and works well in a group setting
- Ability to work in a challenging, high paced environment
- Well organized with strong interpersonal and communication skills
- Proficient in Microsoft Office Suite, specifically Microsoft Excel
