Property Accountant

Elevation Property Management Job Description

Title:

Property Accountant

Level: Staff

Location:

Corporate HQ

Reports to:

Managing Director of Accounting

Status:
Salary, Exempt

Elevation Property Management's Property Accountant will lead with discipline and serve with kindness. This individual will fill a key role within the accounting team and support various aspects of finance and accounting for the company. The successful candidate will need to be effective and experienced in the general accounting function. The position requires solid accounting experience combined with strong analytical skills.

The Property Accountant will help manage the budget, prepare monthly close-out reports, process invoices for payment, completing bank deposits, dispositions, and account reconciliations, and using the property management system to record, track, and report on all workings of the property. The candidate will need to possess strong organizational and problem-solving skills, work ethic, attention to detail, and ability to work with others.

The candidate will fit well in an environment that rewards bright, self-starting, energetic, focused individuals with ever increasing responsibility and challenge. The ideal teammate will have the ability to be flexible, proactively communicate, have a natural curiosity to learn, exhibit a high degree of professionalism, and work well both in a team environment and independently.

• Record monthly revenues, expenses and activities for assigned portfolio of properties
• Review and analyze monthly, quarterly and annual financial statements and closings
• Perform monthly reconciliations and assist property managers with monthly close out processes while overseeing tenant ledgers & payables for accuracy
• Assist with year-end tax/audit process
• Reconciles monthly Accounts Receivable process and tracking
• Processes payments
• Review resident ledgers for accuracy, as needed
• Meet with on-site staff weekly to track open payables
• Enter property invoices into accounting system
• Analysis and reporting of cost variances
• Provide monthly, quarterly, and year-end analyses
• Coordinate and assist with the budget process
• Manage balance sheets and profit/loss statements
• Report on the property's financial health and liquidity
• Audit financial transactions and documents
  
  Reinforce financial data confidentiality and conduct database backups when necessary
• Comply with financial policies and regulations
• Complete required Grace Hill courses as assigned by management.
• Must comply with all Fair Housing Regulations
• Completes various accounting, financial, administrative, and other reports and performs other duties as assigned as necessary

Required:

• Bachelor's Degree in Accounting
• Minimum 3 years of experience
• Intermediate to advanced knowledge in Excel
• Knowledge in Onesite or Yardi
• Experience with real estate/property management industry
• Demonstrated ability to read, write, and communicate effectively
• Experience with general ledger functions
• Strong attention to detail and good analytical skills
• Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP)

• Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizational standards, and operational processes related to property operations and reporting violations or infractions to appropriate individual(s)
• Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s)
• Identifies areas for improvement and offers suggestions to improve the efficiency, productivity, and profitability of the property
• Keeps abreast of new trends and changes in the industry and area(s) of responsibility by attending internal and external training classes, apartment association meetings, and other events and accessing other, information