Property Accountant

TITLE: Accountant - Property

REPORTS TO: Associate Director of Accounting-Property Management

DEPARTMENT: Accounting

STATUS: Full-time

FLSA STATUS: Exempt

WAGE RANGE
: $78,696 - $85,640 annually

GRANT FUNDED: No

UNION POSITION: Yes

LOCATION: 145 Taylor Street, San Francisco CA 94102

SCHEDULE: Hybrid 3 days onsite; 2 days remote

Summary Under the direct supervision of the Associate Director of Property Accounting, the Property Accountant is responsible for full-cycle accounting of a portfolio of properties. This includes all rental transactions, month-end closing, general ledger account analysis, reconciling interfund accounts, reconciling bank accounts, performing internal audits, preparing audit schedules and other related accounting duties of the organization.

• Perform full-cycle accounting for a portfolio of properties, including all revenue, expense, and general ledger activities
• Prepare timely and accurate monthly, quarterly, and annual financial statements and variance analyses
• Complete month-end and year-end close processes, ensuring adherence to established deadlines and reconciling schedules
• Prepare and submit required financial reports to lenders, regulatory agencies, and other external stakeholders

• Oversee accounts receivable functions, including tenant billing, subsidy postings, and rent collections
• Reconcile tenant sub-ledgers and ensure alignment with the general ledger
• Review and post rent payments, including electronic and check-based transactions (e.g., Yardi Checkscan)
• Monitor tenant accounts and aging reports; research and resolve discrepancies
• Track resident move-outs and ensure accurate, timely processing of security deposit refunds in compliance with regulations

• Prepare and review monthly bank reconciliations and resolve outstanding items
• Reconcile all general ledger accounts, including intercompany/interfund accounts, on a monthly basis
• Prepare and post journal entries with clear documentation and audit trails
• Ensure financial data integrity across systems and reports

• Ensure compliance with internal policies, procedures, and internal controls, as well as affordable housing regulations (e.g., LIHTC, HUD, or other applicable programs)
• Perform periodic internal audits to assess accuracy and compliance
• Prepare audit schedules and support external auditors during annual audits
• Ensure internal financial statements align with audited financial statements

• Partner with Property Management and Leasing teams to ensure accurate rent rolls, occupancy data, and billing
• Produce and present financial statements and other key reports to Housing Development team for new properties
• Collaborate with Asset Management on financial performance, budgets, and operational insights
• Provide financial data and support for grant reporting, lender compliance, and regulatory submissions
• Serve as a key accounting liaison to Property Management and provide guidance or training on financial systems (e.g., Yardi)

• Monitor property-level cash flow and ensure proper recording of intercompany transactions
• Assist in identifying cash needs, funding requests, and operational variances
• Support budget tracking and financial performance analysis
• Other Responsibilities
• Contribute to process improvements and system efficiencies within the accounting function
• Maintain organized and complete financial records and documentation

• Proven ability to follow directions and work independently.
• Proven ability to efficiently reconcile balance sheet accounts.
• Excellent interpersonal and organizational skills.
• Ability to create various financial reports, identify unusual activities, and propose corrections.
• Knowledge of double–entry accounting, financial statement preparation and account analysis
• Strong understanding of monthly close procedures

Physical Requirements:

• Ability to operate office equipment such as personal computers and calculators.
• Ability to coordinate eyes, hands, and fingers in performing word processing, writing, reading, and similar tasks.
• Ability to lift 15-20 pounds.
• Visual acuity is necessary to review documents.
• Hearing acuity sufficient to use telephone and communicate with tenants, and staff.
• Ability to perform sedentary to light physical work involves sitting most of the time.

Environmental Adaptability:

• Ability to work in an office environment.
• Ability to travel to various work sites as needed.

Mathematical Ability:

• Ability to add, subtract, multiply, divide, and calculate decimals, ratios, percentages, and fractions.
• Ability to calculate weights and measures.

Language and Communication Ability:

• Ability to comprehend and correctly use informational documents including
• Ability to communicate effectively with residents, coworkers and staff at all levels, residents, government officials, both verbally and in writing.
• Ability to…