Property Accountant

Property Accountant
PURPOSE OF THE JOB:
The Property Accountant is responsible for overseeing the complete financial cycle for a portfolio of multifamily communities. Our Property Accounting Department offers a unique blend of full-cycle accounting, treasury, and financial analysis, creating an environment that fosters growth and development.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
General Accounting and Portfolio Management:
Oversee the accounting, treasury and reporting of a portfolio of multi-family properties
Review of the monthly financial package (GL, budget comparison, and 12 months rolling P&L) for required reclasses, accruals, and explanations in close collaboration with Community Managers and according to published guidelines.
Confirm accuracy and upload petty cash transactions
Review G/L and re-class to ensure operating/major expenses and capital expenditures are recorded accurately
Calculate accruals for mortgage interest, property taxes, and insurance
Calculate and pay management fees to HRP, ensuring the monthly true up is within established materiality thresholds of the actual fee.
Review of the Balance Sheet for monthly submissions, focusing on the accuracy of accruals, escrows, and loan amortizations
Develop deep understanding of ownership specific reporting requirements and accounting treatments
Perform monthly Balance Sheet reconciliations
Treasury and Cash Management Functions:
Review and process payables weekly, ensuring timely payments to vendors