Property Accountant, Accountant Job Description

Property Accountant, Accountant Job Description

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Property accountant, accountant provides direction and guidance related to all pertinent accounting and financial reporting matters to property managers and their staff.

Property Accountant, Accountant Duties & Responsibilities

To write an effective property accountant, accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included property accountant, accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Prepare journal entries to be posted to the general ledger for both real estate properties, for the corporate parent company
Ensure all cash activity is recorded daily
Ensure all cash movements follow ownership structures
Perform monthly account analysis for multiple entities
Prepare wire transfer forms with JE's for all external wires and internal transfers
Reconcile and maintain all intercompany schedules
Maintain fixed asset system including additions, retirements and other modifications as needed
Prepare Fixed Asset Roll forwards
Review and signoff on all bank reconciliations monthly
Reconcile all construction invoices paid to amounts billed

Property Accountant, Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Property Accountant, Accountant

List any licenses or certifications required by the position: CPA, CHFP, PA, CMI, CMA, W-9

Education for Property Accountant, Accountant

Typically a job would require a certain level of education.

Employers hiring for the property accountant, accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business, Real Estate, Education, Management, Finance/Accounting, Business/Administration, Economics, Professional Accounting

Skills for Property Accountant, Accountant

Desired skills for property accountant, accountant include:

GAAP
Excel
Microsoft Excel
Ability to learn property management accounting processes
Generally accepted accounting principles
Yardi
Microsoft Excel and Word
MRI
Mortgage agreements and management agreements for assigned properties
Funds assigned to the team

Desired experience for property accountant, accountant includes:

Four year degree in accounting or similar field from an accredited college or university
Must demonstrate critical thinking and have the ability to analyze transactional and financial statement level data
Minimum 1-yr property accounting experience
CPA or tracking highly preferred
Book month-end closing journal entries including accruals, straight-line rent, financing lease adjustments and prepare related supporting documentation and reconciliations
Coordinate with third-party domestic and foreign financial statement providers including those for hotel, self-storage and real estate investments

Property Accountant, Accountant Examples

1

Property Accountant, Accountant Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of property accountant, accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for property accountant, accountant
  • Perform and analyze month end closings
  • Perform general forecasting and planning
  • Variance analysis to support the financial statements
  • Annual 1099 processing and CAM reconciliations
  • Assist in year-end audits
  • Ad hoc analysis and projects by location, vendor
  • Assisting in developing analysis and presentations for management
  • Prepares monthly financial statement reporting package for assigned properties
  • Reviews rent rolls, accounts receivable reports and other related reports
  • Review and reconcile G/L accounts
Qualifications for property accountant, accountant
  • Of an owner capacity) property accounting experience is required
  • Exceptional real estate accounting knowledge, including lease reviews, audits
  • Monitor and reconcile monthly cash, escrow and lockbox account balances, and when necessary, initiate transfer of funds to accounts to maintain appropriate balances
  • Prepare monthly financial package as required by the management agreement or owner of the assigned property
  • Review cash disbursements for proper account coding and approval
  • Assist Property Managers in the preparation of the annual property budget and operating expense reconciliations
2

Property Accountant, Accountant Job Description

Job Description Example
Our innovative and growing company is looking for a property accountant, accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for property accountant, accountant
  • Review or prepare annual financial statements in accordance with GAAP or tax basis
  • Provide any necessary accounting support to the management team as needed
  • Adhere to internal accounting policies and procedures
  • Assist with annual budgeting and forecasting
  • Bank reconciliation’s and daily cash reporting
  • Assist in CAM reconciliations, budgeting, reforecasting
  • General ledger activities including posting, a comprehensive understanding of debits/credits and their affect on all account balances in the general ledger, file and log maintenance
  • Process transfers and corrections of recorded costs and prepare journal entries to reflect those transactions
  • Analyze and prepare financial statements between the 1st and 15th each month
  • Record journal entries for payroll and payroll deductions
Qualifications for property accountant, accountant
  • Minimum 1-yr accounting experience in property management/real estate
  • Strong GAAP skills
  • Collection of relevant information to
  • The ideal candidate will have a BS degree in Accounting or related field (experience may be substituted for education)
  • Knowledge of general property management regulations affecting financial transactions
  • Knowledge of HUD property management accounting & reporting requirements
3

Property Accountant, Accountant Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of property accountant, accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for property accountant, accountant
  • Maintain and update accurate accounting of the refundable deposits
  • Perform monthly reporting
  • Prepare monthly accruals, variance analysis and commentary
  • Assist with auditors for year-end audits
  • Assist with senior accountants
  • Responsible for communicating on a daily basis with property managers to relay financial information ensure understanding of various financial reports
  • Assists month-end closes, preparation and entry of monthly journal entries, bank reconciliation, and maintenance of cash sheets
  • Reconciliation of the General Ledger
  • Perform analysis of accounts
  • Maintain general ledgers for a portfolio of properties
Qualifications for property accountant, accountant
  • Attention to detail, polished interpersonal communication skills, and ability to work overtime
  • Minimum 5 - 7 years commercial property management accounting experience
  • Minimum 1-5 years Full Accounting experience for a Medium to Large organization
  • Bachelor Degree in Accounting and CPA, or working towards CPA
  • Advanced user of MS Excel and previous experience with larger ERP system
  • A cooperative attitude and teamwork approach to the accounting group and property management staff
4

Property Accountant, Accountant Job Description

Job Description Example
Our growing company is looking for a property accountant, accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for property accountant, accountant
  • Perform daily cash management with bank reconciliations accounting for all checks outstanding and held and coordinate intercompany bank transfers amongst properties
  • Correspond with tenants on all accounting related issues including sending out monthly rent statements, service income invoices, late fee posting on delinquent tenants and reading utility meters and billing back to tenants
  • Prepares monthly analysis of depreciation, accretion, asset retirement obligation and other property, plant and equipment account balances
  • Ongoing review of project data to identify issues or discrepancies that could impact project or property reporting
  • Prepare all aspects of the financial statement package, including creating and posting journal entries, general ledger review and completion of balance sheet support schedules
  • Ensure financial packages are completed and delivered in a timely and accurate manner to Regional Property Managers, Property Managers, and clients
  • Monitor and maintain cash balances
  • Resolve all issues and document response to all review comments generated
  • Review variances in financial statements and documents explanation for significant items
  • Ensures all debt, real estate tax, and sales tax (where applicable) are made in a timely
Qualifications for property accountant, accountant
  • Years of commercial real estate or public accounting experience
  • Bachelor’s degree in Accounting or Finance (or significant (4+) years of experience in property accounting)
  • Years of commercial real estate, some public experience preferred
  • Yardi preferably
  • Four or more years of accounting experience, real estate or public preferred
  • Property accounting experience is required
5

Property Accountant, Accountant Job Description

Job Description Example
Our growing company is looking to fill the role of property accountant, accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for property accountant, accountant
  • Follow-up, send correspondence and resolve all open tenant/landlord issues related to accounting and leases
  • Administers all aspects of accounts payable and accounts receivable
  • Processes capital and tenant improvements pay-outs
  • Ensures expense accruals on monthly basis
  • Sets up new leases in property management software
  • Processes monthly tenant billing, including recurring charges and work orders
  • Assists with variance explanations and budgets
  • Record the cash transfers that need to occur between all entities
  • Initiate transfers of the capital contribution receipts to each of the segregated savings accounts
  • Level the assessment of the budget transfers
Qualifications for property accountant, accountant
  • Bachelors' Degree (preferably in Accounting or Finance) required
  • Ability to take initiative and prioritize workload to meet deadlines for both internal and external customers
  • Knowledge in Yardi
  • Bachelor’s degree in Accounting, Finance or comparable field work
  • Sound accounting skills and GAAP knowledge
  • Proficiency in MRI Accounting System highly preferred

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