Senior Property Accountant

Description

Department: Accounting / Finance
Reports To: Controller or Vice President of Accounting
FLSA Status: Exempt
Location: Corporate Office (Hybrid Eligible)

Fortis Property Management is seeking a highly motivated and detail-oriented Senior Property Accountant to join our growing Accounting team. This position is responsible for the full-cycle accounting and financial reporting for a portfolio of approximately 10–15 multifamily residential properties across multiple ownership groups.

The Senior Property Accountant will prepare accurate monthly financial statements, perform reconciliations, assist with budgeting and forecasting, support external audits, and partner closely with Property Managers and Operations leadership to provide financial insight and ensure sound financial management.

The ideal candidate is analytical, organized, collaborative, and thrives in a fast-paced environment while maintaining exceptional attention to detail and a commitment to financial accuracy.

• Prepare complete monthly financial statements for an assigned portfolio of multifamily properties in accordance with established reporting deadlines.
• Review, analyze, and interpret monthly financial reports, identifying trends, variances, and opportunities for operational improvement.
• Prepare and record monthly journal entries, including accruals, prepaid expenses, depreciation, allocations, and recurring entries.
• Ensure all financial reporting is accurate, timely, and compliant with Generally Accepted Accounting Principles (GAAP), investor requirements, and Company policies.
• Prepare monthly management fee calculations and owner distribution calculations.

• Prepare and reconcile monthly bank reconciliations.
• Analyze and reconcile all assigned balance sheet accounts, including:
• Cash accounts
• Escrow accounts
• Security deposits
• Prepaid expenses
• Accrued liabilities
• Fixed assets
• Capital expenditures (Cap Ex)
• Other asset and liability accounts

• Research and resolve accounting discrepancies and reconciling items in a timely manner.
• Maintain complete and accurate supporting documentation for all reconciliations.

• Review accounts payable transactions to ensure proper coding, supporting documentation, approvals, and accounting accuracy.
• Monitor monthly cash positions and assist with cash management planning.
• Partner with Property Managers and Regional Managers to resolve accounting questions and improve financial performance.
• Review operating expenses and recommend opportunities for cost control and operational efficiencies.
• Assist with property acquisitions, dispositions, ownership transitions, and lender reporting as needed.

• Assist in preparing annual operating budgets and capital expenditure budgets.
• Participate in monthly forecasting and cash flow planning.
• Analyze budget-to-actual variances and provide meaningful explanations and recommendations.
• Support Property Managers during budget development and financial planning.

• Assist with quarterly, annual, lender, and external audits by preparing supporting schedules and requested documentation.
• Ensure compliance with GAAP, Company accounting policies, and client reporting requirements.
• Maintain organized financial records to support audit readiness.

• Serve as a trusted financial resource to Property Managers and Operations teams.
• Communicate financial results, accounting issues, and recommendations effectively to internal stakeholders.
• Work collaboratively with Accounts Payable, Accounts Receivable, Payroll, and Executive Leadership to ensure accurate financial reporting.
• Build strong relationships with internal teams and property ownership groups through excellent customer service and responsiveness.

• Identify opportunities to improve accounting procedures, reporting processes, and internal controls.
• Assist with implementation of accounting system enhancements and process improvements.
• Participate in special projects and perform other duties as assigned.

• Bachelor's degree in…