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The Property Accountant is responsible for the accurate and timely financial reporting of Assigned Properties. This includes, but is not limited to, financial reports, tax packages, accruals, and narratives. Additional tasks include the recording of HUDs, accruals of taxes and insurance, year end reporting, and account reconciliations.
Job Responsibility:
Preparation of timely and accurate monthly financial statements on assigned properties by the deadlines indicated on Accounting Department Reporting Scorecard
Reconciles assigned bank accounts
Investigates and solves issues regarding cash deposits/checks and cash balances
verify principal, taxes, insurance and reserves balances match statements
Record taxes and insurance paid by escrow
Responsible for the updating of insurance accruals and tracking renewal dates
Removes sold properties and calculates the accrual for new properties
Responsible for the verification of meter deposits, insurance balances, and tax allocations prior to sale
Manage, verify, and track all EOM checklists are completed for all multi-family assets each month
Responsible for monthly narrative analysis for assigned properties to be reviewed by the PM Controller before distribution to executives
Assists PM Controller, CFO, SVP of Finance, and the accounting department with special projects as may be needed or directed
Responsible for learning the process of onboarding and disposing of properties which includes recording such transactions
Perform such other accounting, financial, or administrative tasks as may be required from time to time (often on short notice), as directed
Requirements:
1+ years of proven experience as an accountant or in a related financial role, preferably within the real estate or property management industry
Bachelor of Science in Accounting
Analytical mindset with excellent problem-solving skills
Strong attention to detail and accuracy in financial record-keeping
Ability to work independently and as part of a team, handling multiple tasks and meeting tight deadlines
Excellent communication and interpersonal skills, with the ability to convey financial information to non-financial stakeholders effectively