Property Accountant

TITLE:

Property Accountant

REPORTS TO:

Associate Director of Accounting-Property Management DEPARTMENT:
Accounting STATUS:
Regular, Full timeFLSA STATUS:
Non-Exempt WAGE RANGE: $45.84/hour - $49.88/hourGRANT FUNDED:
No

UNION POSITION:
Yes

LOCATION:

145 Taylor Street, San Francisco CA 94102

SCHEDULE:

Hybrid work arrangement with in-office presence determined by management and business needs, including meetings and travel requirements.

SUMMARY Under the supervision of the Associate Director of Accounting - 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, financial reporting, reconciling bank accounts, performing internal audits, preparing audit schedules and other related accounting duties of the organization.

ESSENTIAL DUTIES Full Cycle Accounting The Property Accountant is responsible for the accurate and timely accounting of all financial activity for an assigned portfolio of properties. This role oversees month-end close activities, account reconciliations, balance sheet integrity, rent billing, and adherence to established accounting policies and internal controls.

Ensure all recurring transactions and month-end closing entries are accurately recorded for the assigned portfolio, including depreciation, amortization, accruals, vacancy, allowance for bad debt, intercompany fees, cash activity, and other required adjustments. Ensure entries are completed in a timely manner and supported by appropriate documentation.

Review recurring journal entries prepared by other accounting team members for accuracy, completeness, and appropriate accounting treatment. Identify discrepancies and coordinate corrections as needed.

Ensure all journal entries contain adequate supporting documentation and meet established documentation and internal control requirements.

Complete monthly bank reconciliations and maintain supporting reports in accordance with established procedures. Investigate and resolve reconciling items, including uncleared items outstanding for more than 90 days.

Reconcile property subledgers to the General Ledger each month, including tenant receivables, subsidy receivables, accounts payable, tenant prepaids, and security deposits. Investigate discrepancies, coordinate resolutions, and ensure appropriate adjustments are recorded.

Maintain reconciliation schedules for all General Ledger Balance Sheet accounts to support accurate financial reporting and year-end audit readiness. Ensure schedules are current, complete, and adequately supported.

Monitor rent roll and billing reports and collaborate with Compliance and Property Management to ensure rent charges are accurate and consistent with Gross Potential Rent expectations. Investigate significant variances and coordinate corrective action when needed.

Financial Statement Preparation and Analysis The Property Accountant is responsible for preparing and reviewing property-level financial statements and reporting packages and for analyzing financial results. The role provides meaningful financial information to Property Operations, Asset Management, and Accounting leadership to support operational oversight and informed decision-making.

Prepare accurate monthly financial statements and related reporting packages in accordance with established accounting standards, policies, and deadlines.

Review financial reports for completeness, accuracy, unusual activity, and significant changes. Research identified issues and coordinate with appropriate teams to resolve discrepancies.

Analyze actual financial results against approved budgets and investigate material variances. Obtain…