Property Accountant

The Property Accountant will be responsible for preparing all financial statements of assigned portfolio, ensuring data integrity of general ledgers and communicating with management, lenders and investors. Responsibilities include analysis of general ledgers, balance sheet and bank reconciliations, calculation of fees, and year-end tax reporting. Accuracy and timeliness in the completion of workload is required in this position along with strong communication and organizational skills, good work ethic and analytical thinking.

The Property Accountant will provide management with advice on handling accounting/property management matters, assist in resolving issues and help set goals and objectives to manage cashflow/profitability. Must be able to exercise discretion and independent judgement in handling all matters. The Property Accountant will report to the Assistant Controller and will work closely with Controller and other members within the organization.

• Prepares and distributes monthly financial reports, working with Property Managers, Lease Administrators and other staff providing information.
• Analyze general ledger to ensure accuracy.
• Prepare monthly balance sheet reconciliations and other financial supporting schedules.
• Responsible for commercial mortgage payments, regular reporting, escrows, reserves and prepare lender draw requests.
• General and subsidiary ledger maintenance including journal entries and bank reconciliations.
• Review of budgets, creating real estate tax projections and mortgage amortization schedules.
• Provide financial reports and review Income & Expense forms before submission to ensure accurate reporting.
• Prepares reports/documents for quarterly/annual lender reporting.
• Calculation of monthly management fees and asset management fees based on cash receipts ensuring compliance with management agreement requirements.
• Assists with the preparation of documents for audit requests and annual tax filings.
• Record year-end tax entries; depreciation and amortization of fixed assets, prepare tax work papers and schedules for tax accountants.
• Responsible for AP entry and cash disbursement of mortgages, partner distributions, tax payments, etc.
• Posting of tenant lockbox deposits if applicable.
• Miscellaneous reports and other accounting duties as assigned.

• Posting of tenant lockbox deposits if applicable.
• Bachelor’s degree in Accounting or related field preferred
• Working knowledge of financial reporting
• Minimum 3-5 years of relevant experience in accounting, real estate industry experience preferred.

• Ability to work well in a team environment as well as work independently.
• Self-starter with a flexible outlook toward task management and a strong work ethic.
• Excellent communication and analytical skills.
• Meticulous attention to detail
• Proficiency in Microsoft Word, Excel, and Outlook.
• Experience using MRI and Nexus payables preferred.

This description is not intended to be a complete statement of job content, rather to act as a guide to the essential functions performed. Management retains the discretion to add or change the duties of the position at any time. Willco is an equal opportunity employer. Applicants are considered for all positions without regard to race, religion, gender, disability, national origin, age, veteran status, sexual orientation or any other characteristic protected by law.