What are the responsibilities and job description for the Property Accountant II position at The Inland Real Estate Group of Companies?
Overview
The Property Accountant II is responsible for preparing accurate and timely financial statements. This position records all monthly balance sheet and income statement activity, using both Cash and GAAP accounting as required. The number of properties managed will be determined by various factors such as the complexity of the properties and portfolios, workload, accountant capacity, and other factors.
Key Responsibilities:
Accounting & Financial Reporting:
Prepare accurate financial statements and work papers according to the close schedule and templates.
Review monthly financial statements for properties to ensure timeliness and accuracy.
Ensure all necessary steps are taken to meet financial reporting obligations and stakeholder/owner needs.
Research and analyze financial activity variances and summarize financial status.
Monitor cash balances for properties and portfolios. Identify and report any cash shortfalls promptly. Assist with operating cash reserve requests.
Review and understand general ledger activities.
Work with other departments (including AP, Operations, and Asset Management) to resolve discrepancies and recommend accounting systems and procedures modifications.
Assist with the year-end audit and audit requirements.
Assist with special accounting projects.
Other duties as assigned.
Innovation and Process Improvement:
Identify opportunities for process improvements and contribute to developing and implementing innovative solutions.
Adopt and utilize technology tools to enhance efficiency and accuracy in accounting processes.
Team Engagement:
Contribute to the team, ensuring fairness, equality, and professionalism.
Qualifications:
Bachelor’s degree (B.A.) in accounting.
Professional experience, preferably in accounting in a real estate environment.
Seeking or completing a Certified Public Accountant (CPA) is preferred, though not required.
Skilled in Microsoft Word, Excel, and Outlook.
Skilled in Yardi (or comparable general ledger software program).
Measures of Success:
Accounting Accuracy: Demonstrate accuracy and attention to detail in accounting tasks, with minimal errors in financial reports and ledger maintenance.
Operational Efficiency: Provide effective administrative and operational support, showing the ability to manage data entry and record-keeping tasks efficiently. Contribute to streamlining accounting processes to reduce discrepancies through effective collaboration and process improvements.
Team Development: Actively contribute to a positive team environment, ensuring fairness, equality, and professionalism.
Professional Development: Exhibit growth in professional skills, such as communication, organization, and problem-solving, as assessed through regular performance reviews and feedback.
Project Completion: Complete assigned projects and tasks within the deadlines and to a high-quality standard.
Salary : $76,000 - $85,000
