Property Accountant

Location: Bergen County, NJ

Employment Type: Direct Hire

Pay: $90,000 - $105,000 per year

Benefits

• Medical, dental, vision and retirement plan

Responsibilities

• Maintain proper accounting functions for the assigned properties
• Review and understand the organizational and financial documents and apply accounting and reporting requirements accurately
• Monitor AR and AP aging, unapplied cash, bad debt allowance, debt service ratio, cash flows and cash positions, etc.
• Approve accounts payable timely
• Work closely with the field team to timely resolve receivable and payable issues
• Review tenant ledgers in question
• Review commercial lease charges, perform CAM reconciliations
• Analyze activity in capital expenditure accounts
• Apply for replacement reserve according to loan agreements
• Maintain proper accounting functions for mid-tier holding entities and fund entities
• Manage cash flow between properties and upper tier entities
• Record contributions and distributions properly
• Reconcile equity/investments
• Update investment management fee calculations
• Follow month end closing calendar
• Prepare monthly centralized journal entries and supporting schedules for the assigned accounts and tasks
• Review bank reconciliations and timely resolve bank reconciling items
• Maintain and reconcile all general ledger activities
• Prepare monthly closing work paper packages independently
• Investigate and resolve issues through communication with operations, finance teams and outside parties
• Prepare monthly reports as needed, such as investor, lender
• Follow quarter end closing calendar
• Prepare quarterly financial reports and supplemental schedules
• Prepare lender reports, and other required quarterly reports
• Perform year end responsibilities
• Prepare required work papers at year end for annual audits
• Respond to auditor’s questions
• Prepare financial statements and footnote disclosures
• Review tax returns prepared by CPAs as needed
• Other
• Apply strong working knowledge of GAAP in solving accounting issues
• Understand the operating processes, identify areas for improvements and influence others to change
• Complete ad hoc financial projects as required
• Assist in training of new and existing junior staff and interns
• Assist in reviewing of certain work papers

Qualifications

• Bachelor's degree in Accounting
• 3-5 years accounting experience (property accounting experience preferred)
• Experience with Yardi is firmly required
• Proficiency in Excel required, Salesforce software experience a plus
• Demonstrated problem solving and decision making skills
• Ability to work in a fast paced environment and prioritize multiple high priority projects
• Strong work ethic focused on meeting deadlines