Job Description

Job Description

Job Description

A Property Accountant is responsible for the day-to-day accounting of specific properties within the portfolio. Applies accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements to ensure appropriate accounting control procedures.

Essential Job Functions

• Analyzes property financials on a monthly basis and books all reclassifications and accruals as necessary.
• Books global entries on a monthly, quarterly and/or annual basis.
• Prepares monthly, quarterly and annual financial statements and reports.
• Prepares balance sheet account reconciliations and addresses any disputes.
• Reviews employee rental discounts and all other non-rent charges on a monthly basis and provides results to management.
• Works in conjunction with insurance carriers and adjusters on the settlement of insurance claims.
• Reviews fixed assets for compliance with tangible property regulations.
• Assists with quarterly investor packages and distributions as well as year-end tax mailings.
• Provides support with due diligence to assist with property acquisitions.
• Integrates all data into Yardi for property acquisitions and prepares due to seller packages.
• Assists external auditors with the year-end review of the Company’s financial statements, controls, etc.
• Coordinates and monitors all escrow activity (tax, insurance, replacement reserve, etc.) with lending institutions, taxing jurisdictions, and insurance companies.
• Prepares personal property taxes and any other licenses, fees, etc. required by local counties.
• Ensures properties are in compliance with loan requirements, including the mailing of financial statements.
• Fields and addresses requests from lenders, vendors and other outside parties.
• Assists in the preparation of annual operating budgets.
• Performs on-site audits of properties; identifies areas of noncompliance in reference to PRG Policies and Procedures. Follows up and provides comprehensive summary reports to executive management and corrective actions to property managers.
• Prepares quarterly replacement and repair reserve requests in accordance with lender mandated requirements.
• Performs other tasks and projects as assigned by the CFO.
• Updates Policies & Procedures and Accounting Manuals as necessary to maintain current documentation.
• Conducts all business in accordance with company policies/procedures, Fair Housing, American with Disabilities Act, Fair Credit Reporting Act, and all other laws pertaining to housing.

Education / Work Experience Requirements

• Bachelor’s degree (BA/BS) in Accounting or Finance required.
• CPA certification is a plus, but not required.
• Internship or up to one (1) year of experience in property accounting, finance, or public accounting preferred (newgraduates are encouraged to apply).
• Familiarity with property management/accounting software (Yardi experience a plus) and strong proficiency inMicrosoft Office applications.
• Strong verbal, written, and organizational skills.
• Ability to thrive in a fast-paced, results-driven environment and eagerness to learn.

Physical and Other Requirements

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of this job, the employee is regularly required to sit and talk or hear.
• Frequently is required to stand; walk; and use hands to maneuver, handle, or feel objects, or tools.
• Occasionally required to reach with hands and arms.
• May occasionally lift and/or move up to 15 pounds.
• Specific vision abilities required by this job involve normal vision.
• Problem solving abilities are required.
• Time management skills are necessary.
• Ability to maintain high ethical standards.
• Strong communication skills are required.
• Computer skills are required.
• Availability to work beyond normal business hours during tax season is required.

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