Senior Property Accountant

Responsibilities

• Manage full-cycle accounting for a portfolio of third-party multifamily properties, including accounts payable, receivable, general ledger, and bank reconciliations.
• Lead monthly close processes by preparing journal entries, accruals, review of the general ledger, and support schedule development.
• Reconcile bank statements accurately and promptly, resolving any outstanding issues with proper research and documentation.
• Cook up with property managers to ensure accurate expense coding, rent roll reporting, and accrual adjustments.
• Calculate monthly depreciation in compliance with U.S. GAAP and maintain fixed asset reconciliations.
• Review property income statements and balance sheets for accuracy, conducting variance analysis to identify discrepancies.
• Prepare and distribute owner report packages efficiently to all relevant stakeholders on a monthly basis.
• Generate special reports as requested by management and property owners to support strategic decision-making.
• Manage cash flow activities including preparing reports, distributing funds, making debt payments, and initiating capital calls.
• Review and approve aged payables to ensure timely processing by accounts payable staff.
• Support audit and tax processes by liaising with external auditors and tax advisors for compliance and documentation.
• Participate in property-level budgeting and forecasting, providing accurate financial insights to assist in planning.

Requirements

• Bachelor’s degree or higher in Accounting.
• CPA or Master’s degree in Accounting is a plus.
• Minimum of 3 years of accounting experience, with at least 2 years in multifamily residential real estate.
• Proven experience with property accounting software, particularly Yardi; experience with RealPage or MRI is a plus.
• Strong proficiency in lease accounting and property-level budgeting.
• Excellent communication skills and attention to detail.
• Ability to manage multiple deadlines and work effectively in a hybrid environment.
• Knowledge of U.S. GAAP accounting standards related to property depreciation and fixed assets.