Property Accountant

Description

Summary: The Property Accountant performs accounting work of considerable complexity using Generally Accepted Accounting Principles. Responsibilities include property accounting, compliance reporting, analytics, budgeting, documentation, and auditing for LIHTC projects and Maiker entities.

The Property Accountant sets and meets goals and key performance indicators (KPIs) focused on accuracy and integrity of accounting data and transactions, analysis of ways to impact Maiker revenue growth or other financial goals, property petty cash audit, timely and accurate compliance reporting, and audit ratings.

Essential Job Duties are performed with strict adherence to Maiker standards, policies, and procedures, and to local, State and Federal laws and regulations. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Property Accounting and Compliance

• Perform monthly financial statement reporting
• Perform property accounting functions through accurate and timely completion of general ledger postings, tenant ledger adjustments, payment reversals and corrections
• Adhere to the property month-end close process
• Review monthly property financial income and expense activity for accuracy and reasonableness
• Liaison with Community Managers to assist with financial and accounting problems and issues
• Prepare entries to book month end accruals, write-offs, re-classes, and corrections
• Analyze property credits, sequential money orders, financial variances, and aged receivables
• Provide general ledger, cost center revenue, and expense variance reporting in support of Maiker’s revenue growth and cost control strategies
• Prepare and complete agency cash receipts as required
• Ensure Software and Accounting Compliance
  • Unit Transfers and Unit mapping, maintain set aside tracking
  • Review new move-in lease and Yardi charges with Compliance Manager
  • Update GPR
  • Reconcile all security deposit accounts
• Assist in the preparation of budgets
• Assist in regulatory accounting compliance reporting and Board financial reporting
• Reconcile selected balance sheet accounts on a monthly basis
• Manage the fixed asset and depreciation schedules for properties

• Set up and monitor employee rental agreements with Community staff and Human Resources

Audits

• Assist with preparation of annual audit information for multiple properties
• Perform annual Property petty cash audits

Qualifications

Education and Experience

• Required:
  
  Bachelor's degree (B.
  
  A.) in Accounting from a 4 year college or university

Preferred

• 2 years of property management accounting experience
• 1 year of affordable housing experience, budgeting and property cost control
• Working knowledge of Yardi Property Management Software
• Working knowledge of HUD requirements, 59 experience, PHA and LIHTC programs
• Proficient in MS Office, including Word, Excel, Outlook, and Adobe

Knowledge and Skills

• Excellent listening, verbal, and written communication skills, including ability to write reports, business correspondence, and procedure manuals
• Presents information and responds to questions from groups of Maiker managers and staff
• Facilitates small group meetings and instructs in a 1:1 setting
• Demonstrates exceptional teamwork and customer service skills
• Knowledge of program requirements found in HUD regulations, handbook, notices, guides
• Excellent organizing and planning skills with ability to manage multiple projects and priorities
• Detailed, accurate, and consistently meets deadlines
• Interprets technical procedures and governmental regulations
• Reads, comprehends, interprets, and implements rules, regulations, and procedures
• Strong mathematical skills including fractions, percentages, and ratios
• Understands how financial data is collected and used to guide and evaluate business decisions
• Understands underlying issues, can simplify and process complex issues
• Defines problems, collects data, establishes facts, and draws valid conclusions
• Involves others in the decision making process when necessary
• Flexible and open to new ideas and responsibilities, handles pressure, adjusts to changing needs

Physical Requirements and Working Conditions

• Regular computer use throughout the day, ability to sit for lengthy periods of time
• Occasionally required to stand; walk; reach with hands and arms; climb or balance and stoop, kneel, or crouch, and stand and walk on hard surfaces
• Lift/push/pull/carry various objects of 10 lbs. frequently and 25 lbs. occasionally
• Reach to shoulder level and above, and bend at the hips and knees
• Ability to talk and hear
• The noise level in the work environment is usually moderate

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