Property Accountant

Overview

This role involves managing all aspects of accounting for apartment communities, including oversight of accounts payable and receivable, reconciliation of general ledger and bank accounts, preparation of monthly financial statements, and balance sheet reconciliations. The position ensures compliance with company policies, contractual obligations, and Generally Accepted Accounting Principles (GAAP).

Responsibilities

• Review invoices entered by junior accountants for accuracy in account coding, vendor, and amount.
• Maintain the general ledger and supporting documentation for assigned properties, including monthly close processes.
• Prepare and distribute monthly financial statements.
• Prepare and circulate lender reporting in compliance with loan requirements.
• Maintain schedules for depreciation, amortization, prepaid expenses, accruals, and other necessary balance sheet items.
• Coordinate with the treasury department to initiate cash transfers.
• Collaborate with onsite teams to review resident ledgers, lease charges, and Gross Potential Rent (GPR) monthly.
• Reconcile all bank accounts for assigned properties and resolve outstanding items.
• Work closely with operations teams, junior accountants, and centralized accounting staff.
• Review and follow up on replacement reserve reimbursement requests.
• Review fixed asset purchases and ensure proper classification.
• Respond to joint venture partner inquiries regarding monthly financials.
• Review property income statements monthly and coordinate with operations to ensure accurate reporting.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree in accounting required.
• Minimum of 2 years of accounting experience.
• At least 2 years of real estate accounting experience preferred.
• Minimum of 1 year experience with Yardi or other property management software preferred.
• Strong oral and written communication skills.
• Detail-oriented, self-motivated, and proactive in completing tasks.
• Demonstrated ownership and accountability in resolving internal and external customer issues.
• Ability to pass a criminal background screening prior to employment.
• Possession of a valid driver's license and current vehicle insurance or reliable transportation.
• Completion of a pre-employment assessment (Wonderlic) if minimum qualifications are met during resume screening.

Compensation & Benefits

• Salary range: $65,000 - $75,000 annually.
• Annual or quarterly performance-based bonuses depending on position.
• Up to 20% discount on apartment rentals.
• Continuing education and tuition reimbursement opportunities.
• Generous paid time off (PTO) policy.
• Comprehensive health and wellness benefits including Medical, HSA, FSA, Dental, Vision, Short-Term Disability (STD), Long-Term Disability (LTD), and more.
• 4% company match on 401(k) contributions.
• Profit-sharing program based on company transactional profits.
• Financial assistance program for employees in need.
• Tenure-based anniversary leave.
• Onboarding support program for new hires.

Location

• Work schedule and location are determined based on supervisor requirements.