What are the responsibilities and job description for the Senior Property Accountant position at AquantUs, LLC?
Senior Property Accountant with an asset management company.
Summary
The Senior Property Accountant is responsible for accounting for specific properties they have been assigned. They will also be responsible for completing a detailed review of the assigned property accountant’s monthly financial statements to ensure accuracy and reasonableness.
Responsibilities
Summary
The Senior Property Accountant is responsible for accounting for specific properties they have been assigned. They will also be responsible for completing a detailed review of the assigned property accountant’s monthly financial statements to ensure accuracy and reasonableness.
Responsibilities
- Completes closing pro ration schedules for property sales, and opening/closing journal entries for acquisitions/sales.
- Takes leadership within the Accounting department, promoting positive attitudes and teamwork.
- Assists accounting leadership with process and procedure documentation and improvement.
- Takes full responsibility of the general ledger for a portfolio of multifamily assets.
- Prepares monthly financial statements including balance sheet, income statement, statement of cash flow, supporting schedules, and other reports as needed for each property.
- Calculates and enters monthly journal entries including accruals and reclasses, amortization, depreciation, management fees, distributions, and non-tenant cash receipts.
- Follows policy for capitalization of assets to properly record renovation, rehab and other capital improvement projects in the general ledger. Calculates and records depreciation of fixed assets and amortization of intangible assets appropriately.
- Completes and analyzes various account reconciliations including cash, accounts receivable, prepaid rent, tenant security deposits, and gross potential rent.
- Works closely with the Operations team during month-end close procedures to research certain transactions, resolve discrepancies in tenant ledgers, calculate accruals, and prepare the monthly reporting packages.
- Prepares calculations of cash available for payables and provides approval to the Accounts Payable team for invoices to be paid.
- Assists with monthly or quarterly calculations of distributable proceeds, and initiate distribution wires.
- Manages monthly deadlines effectively in a fast-paced environment.
- Assists with financial statement audits and tax preparation by providing supporting documentation and explanations to auditors/tax preparers.
- Bachelor’s degree in Accounting with 3.0 minimum GPA.
- Advanced degrees or recognized accounting designations are a plus.
- Basic understanding of general ledger activity, preference with Yardi application.
- 2-4 years of accounting experience with two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
- CPA is a plus.
- Strong communication skills, both verbal and written, are essential.
- Proficiency with Excel and other MS applications.