Property Accountant

Join to apply for the Property Accountant role at KW PROPERTY MANAGEMENT AND CONSULTING
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The Property Accountant must perform the job duties with a view toward projecting a professional and competent image. Timeliness and professional responses are key to this position.

The position is fundamental to the accounting and financial analysis of an Association and requires knowledge of the accrual basis of accounting, attention to detail, solid time management and good interpersonal skills.

As a team member of KW PROPERTY MANAGEMENT & CONSULTING, you are expected to understand and support the mission statement of the company and practice our GREAT values every day. These values include greeting and smiling; showing respect with name recognition and eye contact; accepting the empowerment to exceed everyone's expectations and showing enthusiasm for your position and duties; being accountable to show a positive attitude and accountable for your actions;

and being trustworthy in your duties and transparent in everything you do.

• Respond to requests from field staff and/or Board Members within a timely manner. A professional response must be provided within 24 hours of request; if a request cannot be turned around in the prescribed timeframe, the accountant must inform the requester.
• Respond to requests from corporate staff within a timely manner, as stated above.
• Keep abreast of any material transactions that may affect cash availability.
• Assess tasks and prioritize them to ensure completion of deliverables by deadlines.
• Clear review notes that may have been left to resolve from prior accounting periods.
• Perform administrative functions including but not limited to record keeping and filing.

• Approve weekly payables for assigned Associations, managing cash availability while keeping in mind the priority of payment policy established by KW: utilities, insurance, payroll and then contractual obligations.
• Review the accounting period and general ledger account classification of AP invoices.
• If there is an external security deposit detail, verify security deposit refunds as needed.
• Prepare bank transfers as needed to transfer reserve funding, application of special assessments, etc.

• Reconcile bank accounts for assigned associations.
• Go through and perform the items listed on the Monthly Checklist for Financial Statement Preparation.
• Prepare the Financial Package for each assigned association by the contractual deadlines, which includes:
  Balance Sheet, Income Statement, Bank Reconciliations, Delinquency/Prepaid Reports, Accounts Payable Detail and Check Register.
• Reconcile each line item on Balance Sheet and provide support for reconciliation by preparing and maintaining Supporting Schedules to the Balance Sheet.
• If the association passed its budget with full/partial reserves, reconcile the reserve fund balance to restricted, reserve cash balances.
• If the association passed a special assessment, reconcile the special assessment fund balance to restricted, special assessment cash balances. Repeat for each special assessment passed by association.
• If association approved “pooled reserves,” prepare a supporting schedule that details the reserve line items funded.
• Prior to submission for review, analyze the financial statements to ensure they are presented on an accrual basis and appear properly stated.
• Track important dates and meetings, such as the Guarantee Period and board elections, turnover, and budget approval meetings, by keeping an open line of communication with field staff.
• While under Guarantee period, invoice developer for monthly deficit.
• After Guarantee Period, coordinate with AR Supervisor to move developer into unsold units.
• After Guarantee Period, invoice developer for assessments due on their units.

• Fill in Budget Worksheet with month-to-month actual balances.
• Fill in Budget reserve schedule.
• Immediately following the election of an audit firm, request from auditor list of required information to start audit fieldwork.
• Constantly follow up with auditor to ensure timely progress of annual audit to completion.
• Upon receiving the audit report draft, perform the…