Sr. Property Accountant (Residential)

Real Estate Property Accountant (Residential)

 An established firm in the real estate sector is looking for an experienced Real Estate Property Accountant to oversee the financial management of a significant portfolio. This role will play a key part in managing all aspects of property management accounting, working closely with leadership across various departments to drive efficiency within the accounting team.

• Collaborate with the asset management team to enhance portfolio profitability and ensure seamless operations.
• Manage cash flow for assigned properties, including handling funding requests.
• Support the onboarding of new acquisitions and portfolios into financial systems.
• Conduct bank reconciliations and ensure financial data is up-to-date.
• Prepare, review, and distribute monthly financial statements, adjusting as necessary to meet accuracy and reporting standards.
• Compile and analyze monthly financial packages, including income statements, balance sheets, variance reports, and executive summaries.
• Oversee and ensure accuracy in AR/AP transactions by reviewing and analyzing coding and reporting discrepancies.
• Prepare and maintain balance sheet reconciliations and other supporting schedules.
• Post accrual entries and reconcile accounts as needed, ensuring proper supporting documentation.
• Maintain accurate ledger entries, balance accounts, and create journal adjustments as required.
• Assist with year-end tax preparations and collaborate with external auditors during the audit process.
• Maintain strong communication with clients, property owners, and internal stakeholders regarding financial performance and updates.

• Strong understanding of accounting principles and financial reporting practices.
• Previous experience in the commercial real estate industry, particularly in property management accounting, is highly preferred.
• Bachelor’s degree in Accounting or Finance (or equivalent experience); an associate’s degree with significant relevant experience will also be considered.
• Familiarity with Yardi or similar property management accounting software is essential.
• Proficiency in variance analysis for budget vs. actual results.
• Detail-oriented with excellent organizational skills and a strong analytical mindset.
• Able to manage multiple priorities, meet deadlines, and work independently.
• Demonstrated ability to work collaboratively within teams and communicate effectively with various stakeholders.
• Proficiency in Microsoft Office, particularly Excel, with advanced spreadsheet skills.
• Bilingual in Spanish is a plus but not required.

Preferred Skills:

• Experience in full-cycle accounting, particularly in residential property management.
• Ability to identify process improvements and actively participate in implementation.
• Strong interpersonal communication skills and a customer service-oriented mindset, both internally and externally.
• High ethical standards, with a focus on accuracy and meeting deadlines.