Property Accountant

Job Title: Property Accountant

Job Summary:

Applies generally accepted accounting principles (GAAP) to analyze financial information, reconcile financial statements, prepare general and standard journal entries, assist in budget development, and prepare standard accounting and financial reports for management.

Job Responsibilities:

1. Compiles and analyzes financial information in preparation for entry into various financial statements and accounting reports, and makes appropriate journal entries for recording in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures.

2. Reviews revenue, expense, payroll entries, invoices, and other accounting documents and researches and resolves discrepancies as necessary.

3. Performs bank reconciliations and wire transfers for deposit, makes mortgage payments and distributions, and ensures accuracy.

4. Maintains and coordinates accounting control procedures by analyzing revenue and expenditure trends and recommending appropriate budget levels to ensure expenditure control.

5. Analyzes and reviews accounting and financial resources for property acquisitions, dispositions, and closings and budgets and expenditures for local, state, federal, private funding, contracts, grants, and other corporate financial and accounting transactions.

6. Acts as liaison to internal and external auditors by explaining journal entries and financial transac-tions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.

7. Communicates with on-site and other property managers to assist in completing pre-close and close activities, answer questions, provide support, and ensure timely completion of accounting processes for on-time client and Company reporting.

8. Completes various financial, accounting, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.

Organizational Responsibilities:

• Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizational standards, and operational processes related to area(s) of responsibility and reporting violations or infractions to appropriate individual(s).

• Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunc-tions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s).

o Identifies areas for improvement and offers suggestions to improve efficiency and productivity. Keeps abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external training classes, research and/or subscribing to the internet or other professional publications or utilizing other appropriate method(s) to obtain business and professional information, and ap-plies knowledge and practices to area(s) of responsibility.

Working Conditions:

• Incumbents work in an office environment. Physical Demands:

• Incumbents must be able to view computer screens, mobile devices and other electronic equipment, paper reports, and journals for extended periods of time where visual strain may result.

• Incumbents must be able to push, pull, lift, carry, or maneuver weights of up to ten (10) pounds inde-pendently and twenty-five (25) pounds with assistance.

• Rare or occasional travel may be required to attend business meetings, training classes, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.

Knowledge, Skills, Abilities:

• Demonstrated ability to read, write, and communicate effectively to prepare and explain financial data to board members, senior managers, staff, and internal and external auditors.

• Demonstrated proficiency in word processing, spreadsheet, property management (Yardi or One Site), and database management programs in order to complete required reports.

• Demonstrated mathematical skills necessary to add, subtract, multiply, and divide numbers, decimals, and fractions, and calculate percentages in order to complete financial records, budgets, and other fis-cal reporting information.

o Employment history that demonstrates the application and usage of an accounting and financial background sufficient to analyze financial data and prepare financial reports in accordance with accounting, finance, budgeting, and cost control principles.

• A combination of education, training, and experience that demonstrates the application and usage of generally accepted accounting principles (GAAP).

• College degree in accounting, business, finance, or related field, and/or equivalent experience is highly preferred.