Residential Property Accountant

Residential Property Accountant

Job Summary:  Under general supervision, responsible for the accounting and financial reporting for a portfolio of residential properties including condominiums, rural development and HUD housing.

Essential Duties & Responsibilities: 

Ensure cash receipts are entered and processed in a timely manner.

Verifies accuracy of rent roll information and ensures all tenant billings and lease changes are entered timely.

Prepares all aspects of the financial statement package, including creating and posting journal entries, general ledger review and completion of back up schedules.

Ensures that the financial package is completed and delivered in a timely and accurate manner for Property Manager and clients.

Monitor and maintain cash balances as required by client.

Resolves issues and documents response to all review comments generated.

Reviews variances in financial statements and ensure proper coding of accounts payable invoices.

Completes bank reconciliation and ensures all reconciling items are resolved in a timely manner.

Adheres to internal accounting policies and procedures.

Assist with annual budgets and verifies that budget information has been properly input.

Prepare for annual audits.

Assist in the transition and set up of new properties.

Preparation of 1099 forms.

Preparation of Personal Property Tax Returns.

Other duties as assigned.

Qualifications:  Bachelors degree in accounting or finance or in lieu of a degree 5 years direct experience in producing financial statements with accrual accounting methods.    

Scope of Responsibility:  Decisions made with general understanding of procedures, company policies, and business practices to achieve general results and deadlines.  Responsible for setting own project deadlines.

Skills and Abilities:  Demonstrate ability to work well under pressure with a proactive approach to unusual occurrences.  Requires good organizational skills, attention to detail and an openness to new ideas and procedures.  General experience with MS Office software and Real Estate accounting software. 

Ability to analyze and solve problems involving several options with limited information.  Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form and to work independently.  Requires intermediate analytical and quantitative skills.

Ability to comprehend, analyze, and interpret various types of business documents.  Ability to write reports, manuals, speeches and articles.  Ability to effectively respond verbally or written to complex inquiries and compliants.  Ability to present information to an internal group of employees.  Requires high level of commitment to customer service, whether co-workers or clients.