Property Accountant

Job Details

Location:

Dallas, TX 75204

Position Type:
Full Time

Travel Percentage:
None

Position Title:

Property Accountant

Property Accountants play a crucial role in our multifamily real estate company's finance team, responsible for overseeing and managing financial aspects related to our property portfolio.

• RESPECT:
  Treat people with courtesy and kindness, valuing inclusion and diversity.
• ACCOUNTABILITY:
  Honor commitments, focus on delivering solutions, and take ownership of responsibilities.
• INTEGRITY:
  Act with honesty, honor, and transparency in all activities.
• SERVICE:
  Be socially conscious, proactive thinkers, committed to improving well-being.
• EXCELLENCE:
  Strive for excellence, adapt, innovate, and exceed expectations.

• Prepare and analyze monthly financial statements for each property, ensuring accuracy and compliance with accounting standards.
• Collaborate with property management teams to collect and verify financial data, including income, expenses, and capital expenditures.
• Generate accurate and timely detailed financial reports for stakeholders, providing insights into property performance and financial trends.
• Post monthly journal entries and prepare monthly financial reports for a portfolio of properties, including reclasses and accruals provided by onsite community managers.
• Prepare lender replacement reserve draws as needed.
• Record recurring monthly journal entries and update month‑end reporting workbook to reconcile balance sheet accounts.
• Coordinate the accrual process with the on‑site managers monthly.
• Review and code invoices in the AP processing system.
• Reconcile all bank accounts and credit card statements monthly.
• Complete routine real estate tax reconciliations.
• Assist with the preparation of annual operating budgets.
• Attend monthly financial review meetings and provide insights to leadership related to financial reporting.
• Oversee treasury management, engaging in short‑term and long‑term cash planning on a daily and weekly basis.
• Closely monitor current cash balances held by properties.
• Provide forecasts of cash requirements routinely to management.
• Assist in the calculation of cash available to distribute when applicable.
• Assist management with special projects and other tasks assigned.

• Process and review property‑related invoices, ensuring accuracy and proper coding.
• Manage tenant billing and collections, addressing any outstanding balances and coordinating with property management on delinquencies.
• Reconcile property bank accounts and resolve discrepancies in a timely manner.

• Work with external tax consultants to ensure timely and accurate filing of property‑related tax returns.
• Stay informed about changes in tax laws and regulations that may impact property accounting practices.
• Assist in the preparation of schedules and documentation for annual audits.

• Required: Bachelor’s degree in accounting, finance, or a related field.
• Preferred: CPA designation.

• Proficiency in accounting software (e.g., Onesite, MRI).
• Advanced Excel skills.
• Knowledge of Generally Accepted Accounting Principles (GAAP).

• Analytical Thinking:
  Utilize data and financial analysis to identify trends and opportunities for improving property financial performance.
• Attention to Detail:
  Ensure accuracy in financial reporting and accounting processes.
• Time Management:
  Efficiently manage multiple property accounting tasks and meet deadlines.
• Adaptability:
  Be flexible and adaptable to changes in the property portfolio and industry dynamics.
• Communication:
  Clearly communicate financial information to internal stakeholders and external partners.
• Uphold high ethical standards and integrity in all financial activities.
• Stay informed about accounting standards, tax regulations, and industry best practices through continuous learning and professional development.