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Property Accountant

Company: The Execu - Search Group
Location: Boca Raton
Posted on: June 23, 2022

Job Description:

A real estate company in Florida is actively seeking a driven and analytical professional to join their staff as their new -Property Accountant. In this role, the -Property Accountant will oversee all accounting functions for investment-level entities, including calculation of monthly investor distributions, tracking investments, -and receipts from property-level entities.

The -Property Accountant -will: Prepare monthly and year-to-date financial statements including balance sheet and bank account statement reconciliations
Review the general ledger and prepare journal entries for capitalization, depreciation, amortization, reclassifications, accruals, and other types of entries
Review entity and general ledger account coding prior to posting accounts payable batches
Prepare variance analysis and include the review of any internal operational or third-party prepared reports
Calculate and pay monthly asset management fees and distributions
Ensure timely payment of all debt service, property taxes, and utilities
Work with property managers, regional managers, asset managers, development, and acquisition teams to ensure accounting information accurately and completely reflects property activity in accordance with company policies
Monitor and periodically prepare reimbursement requests to the lender for repairs, replacements, and other escrows
Abstract, prepare, and submit periodic reports to meet lender compliance requirements
Assist auditors in performing year-end audits of financial statements
Analyze and interpret operating and financial Information regarding profitability, capital expenditures, and performance against budget
Qualifications Bachelor's degree in Accounting or Finance
5+ years' experience as a property accountant in real estate and property management sector
2+ years' experience with property accounting/analysis, operations, and reporting
Hands-on experience maintaining multiple properties at a time, on an accrual and cash basis up through the financial statement and balance sheet
Proficiency with Yardi, Excel, and Outlook
Excellent verbal and written communication skills and able to collaborate with others across the organization.

Keywords: The Execu - Search Group, Boca Raton , Property Accountant, Accounting, Auditing , Boca Raton, Florida

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