What are the responsibilities and job description for the Senior Property Accountant (Financial Management) position at LMDP?
Areas of Responsibility and Job Requirements:
Serves as primary interface between accounting and property management, and responsible for the creation of all property reports and mandatory filings. Reviews and discusses monthly reports directly with investors and L M asset management team.
Responsibilities include, but are not limited to:
- Develops annual budgets with possible reforecasts during the year in conjunction with management and property manager (PM)
- Prepares month and year end journal entries, recorded into Yardi (recurring)
- Reviews monthly cash flow statement with account analysis of significant budget variances
- Communicates with management, investors, L M asset management and PM with respect to same
- Reviews additional statements to be sent to investors/banks including, BS, AR, AP, etc.
- Reviews monthly L M portfolio report
- Reviews the general ledger accounts codes at least once quarterly, including payroll reconciliation
- Tracks escrow and reserve accounts and conducts periodic analysis to determine appropriateness of escrow amounts
- Works with PM’s on requisitions from blocked replacement reserve/operating accounts
- Prepares year-end audit package including work papers, for submission to outside accountants
- Posts outside accountant’s year end journal entries and reconcile beginning year general ledger balances
- Tracks partner capital contributions and distributions for specific properties
- Directly works with L M asset managers on special projects and reports requested by banks/investors
Minimum Education Requirements:
- Bachelor’s degree in Accounting
Minimum Years of Experience Required:
- 3 years of comparable experience
Additional Knowledge, Skills and Abilities:
- Strong knowledge of Excel and general computer skills, required
- Must demonstrate strong organization skills and ability to work with people
- Knowledge of Yardi, preferred
- Real estate experience, preferred
Competencies/Essential Job Functions:
This position consists mainly of light physical work. The position may require exertion of up to 10 pounds of force occasionally to lift, carry, push, pull or otherwise move objects, including the human body. The role involves sitting most of the time.
The incumbent is required to have visual acuity to determine the accuracy and thoroughness of the work assigned or to perform an activity such as: preparing and analyzing data, reviewing data, view computer screens for extended periods of time, extensive reading, etc.
- This role frequently requires the incumbent to grasp, engage in repetitive movements with the wrist, hands, and fingers, typing for extended period of time.
- The role also requires incumbent to talk and hear, expressing or exchanging ideas by means of spoken work and the ability to receive detailed information through oral communication, and to make distinctions in sound.
Work Environment:
The incumbent may occasionally be subject to noise sufficient to cause the worker to shout in order to be heard above the noise.
Other Duties:
Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities of this position at any time with or without notice.
About the Company:
LMDP