Senior Property Accountant

SUMMARY

The Senior Property Accountant is responsible for the day-to-day financials of the property.

CLASSIFICATION

The position is a full-time, regular, exempt position.

REPORTING RELATIONSHIP

The position reports directly to the Senior Accounting Manager.

ESSENTIAL FUNCTIONS

• Performs general cost accounting and other related duties in the accounting department.
• Manages capex budget and expenses along with cash reporting on large renovation items. Submits draws to bank.
• Prepares periodic (monthly) balance sheets, income statements, and profit and loss statements.
• Maintains the general ledger.
• Reconciles bank accounts at least monthly, verifies deposits, and addresses inquiries from banks.
• Reconciles customer accounts and manages accounts receivable collections.
• Verifies payment of invoices associated with accounts payable and ensures payments are charged to the appropriate accounts.
• Provides outside auditors with assistance; gathers necessary account information and documents to perform annual audit.
• Files required tax forms with federal, state, and local government agencies.
• Coordinates with software vendor to maintain accounting software system; recommends updates to enhance the accounting software, as appropriate.
• Completes ad hoc reporting as required.
• Assists Senior Accounting Manager with projects as requested and covers for them as needed for vacation or other days off.
• Completes journal entries for accruals and reclasses as directed by Managers.
• Works directly with onsite team to ensure accurate financials.
• Prepares of monthly financials and all supporting schedules.
• Completes bank reconciliations and research of cash items.
• Responsible for the cash management for property, including payments for mortgage, tax, and partner distributions.
• Manages the monthly replacement reserve and capex funding.
• Tracks and reports capital project budget.
• Completes general accounting tasks for multifamily assets.
• Performs other duties as assigned.

QUALIFICATIONS

To perform the role successfully, an individual must be able to perform all essential functions satisfactorily. The requirements define the knowledge, skill, and/or ability necessary to perform the essential functions. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE

• Bachelor’s degree in Accounting or Finance is preferred; four or more years of related experience and/or training; or equivalent combination of education and experience.

• Previous experience and knowledge of GAAP.
• Advanced computer skills with accounting software, industry specific technology including Yardi, and using Microsoft Office Suite (Word, Excel, Outlook, and PowerPoint) and various other computer applications.

COMPETENCIES

• Use of Technology - Demonstrates required skills; adapts to new technologies; troubleshoots technological problems; uses technology to increase productivity; keeps technical skills up to date.
• Communications - Expresses ideas and thoughts verbally; expresses ideas and thoughts in written form; exhibits good listening and comprehension; keeps others adequately informed; selects and uses appropriate communication methods.
• Managing Customer Focus - Promotes customer focus; establishes customer service standards; provides training in customer service delivery; monitors customer satisfaction; develops new approaches to meeting customer needs.
• Problem Solving - Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
• Adaptability - Adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
• Job Knowledge - Competent in required job skills and knowledge; exhibits ability to learn and apply new skills; keeps abreast of current developments; requires minimal supervision; displays understanding of how job relates to others; uses resources effectively.
• Cooperation - Establishes and maintains effective relations; exhibits tact and consideration; offers assistance and support to co-workers; works cooperatively in group situations; works actively to resolve conflicts.
• Dependability - Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals.; completes tasks on time or notifies appropriate person with an alternate plan.
• Quality - Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality; applies feedback to improve performance; monitors own work to ensure quality.
• Quantity - Meets productivity standards; completes work in timely manner; strives to increase productivity; works quickly.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand; walk and sit. The employee is frequently required to use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to climb or balance; stoop, kneel, crouch, or crawl and taste or smell. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include the ability to see.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is rarely exposed to wet and/or humid conditions; moving mechanical parts; high, precarious places; fumes or airborne particles; toxic or caustic chemicals; outside weather conditions; risk of electrical shock and vibration. The noise level in the work environment is usually moderate.