Senior Property Accountant

Senior Property Accountant - Essential Duties & Responsibilities

• Preparation of monthly financial statements for multiple properties.
• Review of financial statements to provide comments on the properties within their portfolio.
• Ensure accuracy and timeliness of financial reports required by ZRS and our third-party clients.
• Manage cash flow and anticipate future cash deficiencies for each property.
• Monitor daily cash balances and keep a cash log for all transactions.
• Perform monthly bank reconciliations, including follow-up and correction of outstanding items.
• Assist with reviewing bank reconciliations prepared by Property Accountants, as needed.
• Oversee and follow up on critical payments such as real estate taxes, insurance, debt service, etc.
• Calculate and process required cash distributions to owners.
• Set up electronic fund transfers within various banking portals.
• Communicate with on-site teams and other members of the Property Management hierarchy to assist in completing pre-close and close activities, answer financial statement questions, provide support, and ensure completion of accounting processes for timely delivery to our clients.
• Prepare AME (Accounting Month End) – Review of all site reports against general ledger reports and approval of the advancement of the month-end date (when needed) for the site to continue working on the following month period.
• Prepare financial statements/reporting packages in a timely manner.
• Calculate and review asset and management fees to ensure accuracy.
• Reconcile and understand all balance sheet accounts and prepare all supplementary reporting as required (Balance Sheet Schedules).
• Perform monthly general ledger close.
• Respond to inquiries in a timely manner.
• Monitor debt levels and ensure compliance with debt covenants.
• Review lender escrows (taxes/insurance) and replacement reserve escrows to ensure adequate funds are available for future use.
• Monthly reconciliation of escrows and reserves, when applicable.
• Review and post accruals and reclassifications, as needed.
• Assist with the preparation of supporting working papers and documentation for year-end audit processes.
• Prepare properties within the accounting software and prepare opening entries for new properties and closing entries for sold properties.
• Prepare final operating statements, funds distributions, reconciliations, closing of bank accounts, and any other relevant closing duties for all sold properties.
• Follow up on the status of budgets throughout the draft, revised, and final stages to ensure completion and upload within the assigned deadlines.
• If a budget reforecast is needed, follow up with Regional Managers to ensure the reforecasted budget is uploaded into the system.
• Participate in round table discussions to address any necessary updates to the policies and procedures for the Accounting Department.
• Assist with training associates on all aspects of the Accounting Cycle, as needed.
• Assist with special or ad hoc projects and other tasks as needed.

Desired Skills & Experience

• Possesses excellent computer skills, including proficiency in the software utilized for the specific property.
• Knowledge of Real Page/Yardi/MRI.
• Proficient in Microsoft Office.
• Able to read and write in English in a professional manner.
• Ability to follow and apply Generally Accepted Accounting Principles (GAAP).
• Ability to perform cash forecasting, planning and management.
• Ability to review and analyze financial statements.
• Excellent analytical, communication, and organizational skills.
• Ability to allocate one’s time effectively by prioritizing workload, handling multiple demands, working under pressure, and meeting tight deadlines.
• Strong customer service and interpersonal skills.
• Independent and autonomous work style.
• Demonstrated effective communication skills.
• Detail-oriented.
• Knowledge of business practices and principles.
• Ability to develop and sustain cooperative working relationships and act as a team player.
• Ability to handle multiple projects and tasks.
• Ability to train others.
• Ability to maintain confidentiality.

Qualifications

• 3+ Years of Accounting Experience – Residential Property Accounting preferred.
• 4 yr. Accounting or Finance Degree required.