Property Accounting Manager

The Accounting Manager is responsible for overseeing the financial operations, reporting accuracy, internal controls, and accounting compliance for a portfolio of multifamily, commercial, or mixed-use properties.

Key Responsibilities

• Oversee monthly financial close processes for assigned property portfolio.
• Review and approve property financial statements, variance explanations, accruals, and journal entries.
• Ensure timely and accurate preparation of:
• Balance Sheets
• Income Statements
• Cash Flow Statements
• Budget Comparisons
• Bank Reconciliations
• Owner reporting packages
• Maintain month-end close calendars and ensure reporting deadlines are achieved.
• Review financial data for accuracy, completeness, and compliance with GAAP and company standards.

Property Accounting Oversight

• Supervise property accounting staff including Property Accountants and AP personnel.
• Review resident ledger adjustments, write-offs, charge corrections, and security deposit accounting.
• Oversee rent roll reconciliation and alignment between property management systems and financial records.
• Ensure proper coding and classification of operating expenses and capital expenditures.
• Monitor prepaid expenses, accruals, reserves, and intercompany transactions.

Accounts Payable & Cash Management

• Oversee invoice processing, approval workflows, and payment execution.
• Ensure compliance with Delegation of Authority (DOA) approval limits.
• Review weekly payables, vendor aging, and funding requirements.
• Monitor property cash balances, reserve accounts, and operating liquidity.
• Coordinate funding requests and owner distributions where applicable.

Internal Controls & Compliance

• Maintain strong internal accounting controls and segregation of duties.
• Ensure compliance with company policies, management agreements, lender requirements, and regulatory standards.
• Review bank reconciliations and exception reporting for accuracy and completeness.
• Support external audits, internal audits, tax preparation, and owner requests.
• Ensure appropriate documentation retention and audit readiness.

Budgeting & Financial Analysis

• Assist with annual budget preparation and reforecasting processes.
• Analyze financial performance trends, occupancy impacts, payroll costs, utility variances, and expense fluctuations.
• Partner with Operations leadership to identify cost‑saving opportunities and operational efficiencies.
• Prepare ad hoc financial analysis and reporting for senior leadership and ownership groups.

Systems & Process Improvement

• Support implementation and optimization of property management and accounting systems.
• Drive process standardization and operational consistency across the portfolio.
• Assist with acquisitions, dispositions, property onboarding, and system transitions.
• Identify opportunities for automation, workflow enhancement, and reporting improvements.

Leadership & Team Development

• Manage, mentor, and develop accounting team members.
• Establish performance expectations and accountability standards.
• Promote collaboration between Accounting, Operations, and Corporate teams.
• Participate in hiring, training, and succession planning initiatives.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required.
• CPA designation preferred but not required.
• 5–8+ years of progressive accounting experience within property management, real estate, or multifamily housing.
• Prior supervisory or management experience preferred.
  
  Strong understanding of:
• Property accounting
• GAAP
• Bank reconciliations
• Budgeting and forecasting
• Internal controls
• Experience with property management/accounting platforms such as Yardi Voyager, Real Page, or similar systems preferred.
• Advanced Microsoft Excel and financial analysis skills required.
• Strong organizational, analytical, and communication skills.

Since the 1950s, The Procopio Companies (TPC) has grown through four generations of family leadership and a deep commitment to place‑making. We develop, build, and operate exceptional residential and mixed‑use communities across high‑growth markets throughout Southern New England and beyond.

We are vertically integrated. Our core business lines include:

• Development & Investment
• Construction
• Property Management (Bria)

Core Values

• We do hard things
• We take ownership
• We value relationships
• We grow or die

The pay range for this role is:

125, USD per year (Corporate)