What are the responsibilities and job description for the Accountant position at YMP Real Estate Management LLC?
Job Title: Accountant
Reports to: Controller
Location: On-site
FLSA Status: Exempt
Job Overview:
We are currently seeking a diligent and experienced Accountant with experience in property management to join our dynamic on-site team. The ideal candidate will have a strong background in accounting principles and practices, particularly in relation to property management. This role is essential for maintaining accurate financial records and preparing financial statements.
Responsibilities:
- Assist in the preparation of financial reports for external stakeholders, including investors, banks, and lending institutions in accordance with deadlines/requirements while adhering to accounting policies and procedures and maintaining effective internal controls.
- Prepare monthly and quarterly financial statements in compliance with GAAP, which includes preparing and analyzing balance sheet reconciliations, variance analysis, and operating expense reconciliations.
- Effectively communicate and collaborate with property management in a timely manner.
- Ensure the accuracy of our general ledger and subledgers through collaboration with the property management team.
- Manage our accounting calendar to meet all internal and external reporting deadlines.
- Record cash receipts to tenant ledgers daily.
- Oversee the review and approval process for accounts payable vendor invoices, coordinating the payment of crucial invoices such as real estate taxes.
- Record journal entries & accruals, reconcile income, and document prepaid rent in real estate accounting software.
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Reconcile all balance sheet accounts monthly.
Perform bank reconciliations as appropriate. - Perform cash disbursement through wires and checks, prepares invoicing and inter-company collections, and maintains a daily cash balance.
- Perform other duties and tasks assigned by the Supervisor or Executive Team.
WORKING CONDITIONS AND ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
Requirements:Experience:
- Minimum of 3 years of experience in property accounting.
- Bachelor’s degree in accounting, Finance, or a related field (required).
- Effective communicator with the ability to present financial information to both financial and non-financial stakeholders.
- Real Estate / Property Management experience required.
- Strong knowledge of GAAP, financial reporting, and accounting principles.
- Proficient with real estate/property management software highly desired (ResMan, Yardi, MRI, QuickBooks Online).
- Strong computer skills with advanced knowledge of Excel, and Microsoft Office programs.
- Proven track record of managing financial operations, budgets, and audits.
- Strong analytical and problem-solving abilities.
- Excellent organizational and time management skills with the ability to prioritize tasks and meet deadlines.
- Detail-oriented with a high level of accuracy in financial reporting.
- Requires the use of detailed technical accounting skills to assess appropriateness of accounting.
Other Duties:
- Perform other accounting-related duties and special projects as assigned by senior management.
