The Senior Property Accountant is responsible for full-cycle accounting for assigned multifamily residential properties and properties under development, including monthly financial reporting, lender and draw accounting, accounts payable, and balance sheet maintenance.
Qualifications
• Minimum of two years of accounting experience, preferably in multifamily property accounting, real estate development, or property management.
• Working knowledge of real estate accounting practices and monthly close procedures.
• Experience with Yardi property accounting software preferred.
• Experience with construction draws, lender reporting, replacement reserve requests, and development job cost accounting.
• Degree in accounting, finance or relevant work experience.
Competencies
• Strong attention to detail with the ability to produce accurate results and exercise sound judgment.
• Effective time management with the ability to prioritize, multitask, and meet deadlines.
• Clear communicator who works productively across accounting, operations, asset management, development, and property management teams.
• Self-directed and able to work independently while contributing effectively in a small team.
Primary Responsibilities
• Perform full-cycle accounting for assigned multifamily residential properties and properties under development.
• Prepare monthly financial reporting packages, including journal entries, reclasses, variance analysis, and supporting schedules.
• Prepare and maintain monthly balance sheet schedules and supporting documentation.
• Prepare monthly bank reconciliations and investigate reconciling items as needed.
• Manage accounts payable for assigned properties, including invoice review, coding, approval routing, payment processing, and vendor support.
• Support lender reporting and construction draw accounting, including recurring deliverables, draw requests, and coordination with lenders, development teams, and internal stakeholders.
• Prepare and submit replacement reserve requests and maintain related backup documentation.
• Process accounting entries and supporting documentation related to real estate closings.
• Create and maintain vendor records, certificates of insurance, and other property accounting records.
• Assist with sales tax filings, security deposit accounting, accounts receivable entries, and other property-level accounting items as applicable.
• Maintain organized electronic files and support lender requests, ownership reporting, and internal review.
• Provide additional accounting and administrative support across departments as needed.
Non-Essential Job Functions
• Other tasks as assigned by your supervisor that are not listed as essential job functions.
Physical Requirements
• Ability to perform routine office duties within the confines of an office environment.
• Ability to sit, stand, walk, bend, stoop, reach, grasp, type, write, and handle office supplies and files as needed.
• Occasional lifting and carrying of office supplies, files, resident packages, or similar items. Assistance should be used for heavier items when necessary.
Vision Requirements
• Constant need to read and review reports, view a computer screen, and review correspondence.
• Frequent need to see small detail and review financial information accurately.
Hearing, Speaking and Written Requirements
• Constant need to receive or give instructions and communicate by telephone, email, and in person with staff, vendors, property teams, lenders, and other stakeholders.
• Ability to read, write, and understand English.
Driving Requirements
• Must have a valid driver’s license, insurance, and car registration if driving for business purposes.