Real Estate Property Accountant (Residential)
An established firm in the real estate sector is looking for an experienced Real Estate Property Accountant to oversee the financial management of a significant portfolio. This role will play a key part in managing all aspects of property management accounting, working closely with leadership across various departments to drive efficiency within the accounting team.
Key Responsibilities:
- Collaborate with the asset management team to enhance portfolio profitability and ensure seamless operations.
- Manage cash flow for assigned properties, including handling funding requests.
- Support the onboarding of new acquisitions and portfolios into financial systems.
- Conduct bank reconciliations and ensure financial data is up-to-date.
- Prepare, review, and distribute monthly financial statements, adjusting as necessary to meet accuracy and reporting standards.
- Compile and analyze monthly financial packages, including income statements, balance sheets, variance reports, and executive summaries.
- Oversee and ensure accuracy in AR/AP transactions by reviewing and analyzing coding and reporting discrepancies.
- Prepare and maintain balance sheet reconciliations and other supporting schedules.
- Post accrual entries and reconcile accounts as needed, ensuring proper supporting documentation.
- Maintain accurate ledger entries, balance accounts, and create journal adjustments as required.
- Assist with year-end tax preparations and collaborate with external auditors during the audit process.
- Maintain strong communication with clients, property owners, and internal stakeholders regarding financial performance and updates.
Qualifications:
- Strong understanding of accounting principles and financial reporting practices.
- Previous experience in the commercial real estate industry, particularly in property management accounting, is highly preferred.
- Bachelor’s degree in Accounting or Finance (or equivalent experience); an associate’s degree with significant relevant experience will also be considered.
- Familiarity with Yardi or similar property management accounting software is essential.
- Proficiency in variance analysis for budget vs. actual results.
- Detail-oriented with excellent organizational skills and a strong analytical mindset.
- Able to manage multiple priorities, meet deadlines, and work independently.
- Demonstrated ability to work collaboratively within teams and communicate effectively with various stakeholders.
- Proficiency in Microsoft Office, particularly Excel, with advanced spreadsheet skills.
- Bilingual in Spanish is a plus but not required.
Preferred Skills:
- Experience in full-cycle accounting, particularly in residential property management.
- Ability to identify process improvements and actively participate in implementation.
- Strong interpersonal communication skills and a customer service-oriented mindset, both internally and externally.
- High ethical standards, with a focus on accuracy and meeting deadlines.