Property Accountant

Description

Position Summary:

The Property Accountant is responsible for overseeing all accounting activities for assigned properties, including processing accounts payable and reviewing and approving rent refunds to tenants.  Additionally, the Property Accountant will file state and local taxes in a timely manner when necessary, oversee cash deposits, perform bank reconciliations, and review financial statements—such as balance sheets, profit and loss statements, cash flow statements, and gross potential rent—for multiple properties in accordance with accounting policies and procedures, ensuring compliance with company policies.  They are also responsible for financial reporting and reviewing financial statements for these properties.  A successful Property Accountant is able to manage their time effectively, is detail oriented, a trustworthy team player, and takes pride in their work.  In addition, this position needs to be accountable and attentive to provide excellent customer service skills when interacting with residents, associates and vendors.  This position reports directly to the Property Accounting Supervisor and requires a high degree of confidentiality.

Primary Responsibilities:

• Oversee accounting transactions for assigned properties, ensuring accurate financial records
• Process all accounts payable invoices & utilities; Review payables batches processed by Data Entry and process payments after review
• Prepare detailed monthly checklists for utilities, and review timely and accurate payment outsourced to Yardi
• Reconcile vendor statements to verify that all invoices are paid, there are no double payments, and all credits have been taken
• Handle returned checks and other outstanding payments, timely
• Responsible for monthly financial review and year-end tax work papers
• Responsible for posting monthly loan payments, review loan escrow aligns with T&I balance
• Enter approved invoices into Yardi that are reviewed by onsite leaders after checking and reviewing all elements related to invoices, including GL codes, appropriate purchases, etc.
• Review tenant ledger before processing payments; Pay tenant refunds timely after approval process, and timely prepare unclaimed property checks and reports for filing as needed
• Process use tax / personal property taxes for different states
• Reconcile bank statements where applicable
• Maintain detailed files for each property including monthly paid invoices, loan payments, resident refunds, journals, bank reconciliations, pending invoices, and close out
• Prepare detailed monthly check lists for utilities, and review timely and accurate payment that is outsourced to Yardi
• Responsible for monthly close out of all assigned properties
• Review and analyze financial statements of your properties, save financial reports for Month End (ME) as part of ME closing processes; Responsible to review Gross Potential Rent (GPR) and book GPR JE accrual each month; Responsible for reviewing AR, delinquency, etc.
• Build strong relations with onsite and regional leadership and provide support for vendor setup or payment status; Responsible to review financials with onsite team when requested, and answer their questions timely and accurately
• Identify any activities to be accrued, when necessary, especially for end of quarter
• Participate in accounting technical training or other advanced training when assigned or when needed; participate in system training, such as Yardi, etc.
• Record errors on monthly scorecard, prepare accounting records for storage
• Support day-today operational activities of accounts payable departments
• Review the entered data for accuracy, post the payable batches and process payments
• Ability to handle high volumes of AP transactions with high level of accuracy
• Perform special tasks as assigned by Senior Accountants or Accounting Supervisor
• Great communication skills and able to work well with the team

Qualifications

• Bachelor degree in accounting, business, finance or economics with 0 - 2 years' experience, or other education with at least 5-6 years property accounting / AR / AP related experience
• Experienced in Microsoft products preferred (Word, Excel, PowerPoint and Outlook)
• Able to meet deadlines, and maintain a good working relationship with all associates and vendors
• Ability to work in a fast-paced environment with strong motivation to learn & contribute on a daily basis
• Maintain good working relationship with Weidner team and high level of professional maturity
• Yardi accounting experience preferred; Willing and able to learn and support new software programs and applications quickly
• Extremely detailed, accurate, results-oriented, and well-organized
• Ability to capture errors and make corrections prior to posting the AP batches, with critical and analytical mindset
• Good interpersonal, verbal, and written communication skills
• Work effectively and cooperatively in a team environment and/or independently; Maintain high level of confidentiality and maturity
• Follow Weidner’s Mission, Vision and Values and comply with all Weidner policies and procedures as well as all Fair Housing, local, state/province, and federal laws
• Prompt with regular attendance and maintain a professional appearance at all times while on duty
• Must agree to a criminal background check and sign an agreement for voluntary drug testing
• Valid and current driver’s license, vehicle and vehicle insurance
• Ability to work 5 days a week in the Kirkland home office

Salary : $60,000 - $68,000