Senior Property Accountant - Hybrid

Senior Property Accountant - Hybrid page is loaded## Senior Property Accountant - Hybrid locations:
Orlando, FLtime type:
Full time posted on:
Posted Todayjob requisition :
R-105744
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* Job Description:

** The Senior Property Accountant is a critical job function within the Property Accounting team at ZRS Management, LLC.  The Senior Property Accountant will report to either a Property Accounting Manager or Controller and is responsible for full-cycle accounting for an assigned portfolio of multifamily properties.  This candidate will ensure that accurate and timely financial reports are prepared within prescribed reporting deadlines to our client’s satisfaction.
** Senior Property Accountant
- Essential Duties & Responsibilities:

** The Senior Property Accountant’s primary responsibilities shall include but are not limited to:
* Preparation of monthly financial statements for multiple properties.
* Review of financial statements to provide comments on the properties within their portfolio.
* Responsible for the accuracy and timeliness of the financial reports required by ZRS and our third-party clients.
* Responsible for cash flow management and anticipation of future cash deficiencies for each of the properties assigned. This includes monitoring the daily cash balances and keeping a cash log for all transactions.
* Monthly bank reconciliations, including follow-up and correction of outstanding items.
* Assistance with the review of bank reconciliations prepared by Property Accountants, as needed.
* Management of the payment of invoices and ensuring the timeliness of payments according to the AP schedule for the particular property.
* Responsible for overseeing and following up on critical payments such as real estate taxes, insurance, debt service, etc. for all assigned properties.
* Calculation and processing of required cash distributions to owners.
* Setting up of electronic fund transfers within the various banking portals.
* Communication with on-site teams and other members of the Property Management hierarchy to assist in completing pre-close and close activities, answering financial statement questions, providing support, and ensuring completion of accounting processes for timely delivery to our clients.
* Accounting Month End (AME) Preparation – Reviewing of all site reports against general ledger reports and approval of the advancement of the month-end date (when needed) for the site to continue working on the following month period.
* Financial Statement Preparation (Prelims) - Responsible for recording all necessary journal entries throughout the month and preparing financial statements/reporting packages in a timely manner.
* Calculation and review of asset and management fees to ensure accuracy.
* Reconciliation and understanding of all balance sheet accounts and preparation of all supplementary reporting as required (Balance Sheet Schedules).
* Monthly general ledger close.
* Responding to inquiries in a timely manner.
* Monitoring of debt levels and compliance with debt covenants.
* Review of lender escrows (taxes/insurance) and replacement reserve escrows to ensure adequate funds are available for future use. Monthly reconciliation of escrows and reserves, when applicable.
* Reviewing and posting accruals and reclasses, as needed.
* Assistance with the preparation of supporting working papers and documentations for year-end audit processes.
* Assistance with setting up properties within the accounting software and preparing opening entries for new properties and closing entries for sold properties.
* Preparation of final operating statements, funds distributions, reconciliations, closing of bank accounts, and any other relevant closing duties for all sold properties
* Annual follow-up on the status of budgets throughout the draft, revised, and final stages to ensure completion and upload within the assigned deadlines. If a budget reforecast is needed, follow up with Regional Managers to ensure the reforecasted budget is uploaded into the system.
* Participation in round table discussions to address any necessary updates to the policies and procedures for the Accounting Department.
* Assistance with training…