Property Accountant

RecruitmentSolved • Full-time • Los Angeles Metropolitan Area, US • $100k - $115k / year • 3w ago

As a Property Accountant, you will be responsible for overseeing the monthly financial reporting process for our various management companies including reviewing the financial statements for multiple properties, monthly accruals, consolidations, review management fee calculations and cash management. Prepare monthly or quarterly cash flow reports to accurately calculate distributable cash flow for each asset. Responsible for preparation and completion of monthly or quarterly capital improvement draws and/or capital calls for unfunded commitment and submit to either the Lender or LP for funding.

Responsibilities:

Oversees the monthly financial reporting process for the various property management companies (PMC’s) to ensure timely and accurate reporting.
Reviews preliminary financial reports provided by the PMC’s for accuracy making sure subledgers such as bank reconciliations, accounts receivable, accounts payable, escrow balances and gross potential rent, etc. tie out to the financial reports.
Provides accurate financial statements to the joint venture partner(s) monthly by the due date indicated in the joint venture agreement.
Provides monthly, quarterly, or annual financial reporting to lenders to comply with loan requirements.
Completes monthly or quarterly capital improvement draws and/or capital calls for unfunded commitment and submit to either the Lender or LP for funding.
Manages interim and annual financial audit engagements ensuring timely and accurate reporting.

Qualifications:

The successful candidate will have minimum BA/BS degree in accounting or finance.
Yardi Voyager and/or RealPage property management software experience is required.
5+ years of multi-family real estate experience required.
Ability to multi-task and work with minimal supervision, must be thorough, detail oriented, and have excellent follow-up skills.
Ability to communicate with all levels of management.