What are the responsibilities and job description for the Property Accountant position at Stonemark?
Job Description
The Property Accountant will be responsible for managing the day to day property finance and accounting functions including financial statements and A/P for multiple properties. The Property Accountant will handle a larger quantity of and/or more complex properties in addition to mentoring and providing guidance to other accounting staff members (i.e. Property Accountants, AP Lead, etc.) as needed.
Essential Duties
Accounting Functions
The Property Accountant will be responsible for managing the day to day property finance and accounting functions including financial statements and A/P for multiple properties. The Property Accountant will handle a larger quantity of and/or more complex properties in addition to mentoring and providing guidance to other accounting staff members (i.e. Property Accountants, AP Lead, etc.) as needed.
Essential Duties
Accounting Functions
- Property Accounting
- Prepares and analyzes monthly financial statements for assigned properties
- Prepares monthly bank reconciliations and funds transfers
- Initiates and tracks debt service payments
- Reviews all general ledger entries for accuracy and questions any abnormal activity
- Prepares analysis and supporting backup for all Balance Sheet accounts
- Calculates and remits monthly/quarterly management fees, asset fees, owner distributions
- Works closely with Regional Manager(s)
- Assists with year-end tax returns/audits
- Prepares and submits replacement reserve refund requests
- Accounts Payable
- Reviews property invoices for proper coding
- Prepares cash sheets for Regional Managers as necessary
- Processes vendor payments
- Verifies Utility payments
- Other Duties
- Recommends property accounting methods to ensure effective controls
- Provide guidance to other accounting staff members as needed
- Ability to execute in a multi task environment.
- A minimum of five years in the accounting field with a sound understanding of generally accepted accounting principles.
- Bachelor Degree in Accounting preferred.
- Must have previous Financial and GL accounting experience.
- Real Estate accounting experience preferred.
- Previous experience in accounting systems required.
- OneSite experience a plus.
- Strong organizational skills.
- Effective communicator; ability to communicate at all levels.
- Attention to detail.
- Excellent problem solving skills.
- Proficient in Excel and other Microsoft Office Programs.
- Strong time management skills and the ability to prioritize a large number of tasks.
- Must have the ability to adapt to varying ownership needs.
- Demonstrates consistency in values, principles and work ethic.
