Job Title: Property Accountant Job Summary: As a property accountant, you will oversee financial activities related to real estate properties, ensuring accuracy, compliance, and efficiency in financial reporting and transactions. You will collaborate with various stakeholders including property managers, owners, and external partners to maintain financial integrity and provide valuable insights for decision-making. Responsibilities: Financial Reporting:Prepare and analyze financial statements including balance sheets, income statements, and cash flow statements for each property.Ensure timely and accurate reporting of financial data to stakeholders, including property owners, investors, and management.Budgeting and Forecasting:Assist in the development and monitoring of property budgets.Prepare financial forecasts and variance analyses to assess performance against budgeted targets.Accounts Payable and Receivable:Process invoices, verify expenses, and manage payments for property-related expenses such as utilities, maintenance, and taxes.Monitor rent payments, follow up on outstanding receivables, and manage tenant accounts.General Ledger Management:Maintain property accounting records in compliance with generally accepted accounting principles (GAAP) and regulatory requirements.Reconcile bank statements, accounts payable/receivable, and other financial accounts.Tax Compliance:Assist in the preparation of tax returns and ensure compliance with local, state, and federal tax regulations.Coordinate with external tax advisors and auditors as needed.Financial Analysis:Conduct financial analysis to evaluate property performance, identify trends, and recommend strategies for optimizing financial outcomes.Provide insights on cost-saving opportunities and revenue enhancement initiatives.Lease Administration:Review lease agreements to ensure accurate billing and compliance with lease terms.Maintain lease databases and update rent rolls as needed.Financial Controls:Implement and maintain internal controls to safeguard assets and prevent fraud.Identify and address any discrepancies or irregularities in financial records.Communication and Collaboration:Communicate effectively with property managers, owners, tenants, and external stakeholders to address financial inquiries and resolve issues.Collaborate with cross-functional teams including operations, legal, and asset management to support overall business objectives. Requirements:Bachelor's degree in accounting, finance, or related field.Previous experience in property accounting or real estate finance preferred.Strong understanding of accounting principles and financial reporting standards (GAAP).Proficiency in accounting software and Microsoft Excel.Excellent analytical and problem-solving skills.Attention to detail and ability to prioritize tasks in a fast-paced environment.Effective communication and interpersonal skills.Knowledge of real estate laws and regulations is a plus.
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