Property Accountant

Description

Senior Property Accountant

Manchester, CT - Hybrid

Contact:
Brittany Rizzo / Brittany.

Rizzo

Reference

Position Summary

Our client is adding to their team! The Property Accountant is responsible for managing the financial reporting and accounting functions for a portfolio of residential properties. This role ensures accurate financial records, timely reporting, compliance with accounting standards, and support for property management operations. The ideal candidate is detail-oriented, analytical, and experienced in real estate accounting practices.

Key Responsibilities

+ Prepare and maintain monthly, quarterly, and annual financial statements for assigned properties.

+ Perform month-end and year-end closing activities, including journal entries, account reconciliations, and accruals.

+ Reconcile bank accounts, operating accounts, security deposits, and escrow accounts.

+ Review and analyze property income, expenses, and variances against budgets and forecasts.

+ Prepare and distribute owner, investor, and management financial reports.

+ Assist with annual budgeting and periodic forecasting processes.

+ Process tenant billings, rent adjustments, common area maintenance (CAM) reconciliations, and other lease-related accounting activities.

+ Coordinate with property managers to ensure accurate recording of property transactions.

+ Support accounts payable and accounts receivable functions as needed.

+ Assist with audits, tax preparation, and compliance reporting.

+ Maintain accurate fixed asset records and depreciation schedules.

+ Ensure compliance with company policies, accounting standards, and regulatory requirements.

+ Identify opportunities to improve accounting processes and internal controls.

Requirements

- At least 3-5 years of accounting experience, preferably in property accounting or a related real estate environment.

- Hands-on experience with month-end close procedures and full-cycle general ledger accounting.

- Strong ability to prepare and review journal entries with a high level of accuracy.

- Proven experience completing account reconciliations and resolving discrepancies efficiently.

- Knowledge of bank reconciliation processes and cash balancing practices.

- Solid organizational skills with the ability to manage multiple priorities and meet reporting deadlines.

- Proficiency with accounting systems and spreadsheet tools used for financial analysis and reporting.

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