Property Accountant

We are a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close-in suburbs, Baltimore, MD, and Arlington, VA. Since 2001, we have provided quality housing that satisfies the most discerning residents and investors.

The Property Management Accountant is responsible for all financial and analytical procedures for a group of assigned multi-family properties, working closely with the Community Managers on performance, variances, and reconciliations. This is a great opportunity for someone who thrives in a fast-paced, entrepreneurial environment with prior property accounting experience.

Responsibilities

• Performs accounting, financial reporting and analysis of all assigned multi-family properties on a monthly schedule and coordinate with Community Managers on performance, variances and reconciliation issues.
• For each multi-family property in the assigned portfolio:
• Monitor and report the daily cash balances.
• Prepare monthly bank account reconciliations.
• Prepare accurate and timely financial reports with annotations.
• Reconcile gross rent potential, prepaid rent, rent receivable, accounts payable, and accrued expenses with subsidiary ledgers on a monthly schedule to ensure accuracy.
• Perform quarterly and semi-annual internal audit functions as assigned.
• Prepare annual audit packages for all assigned multi-family properties to assist with audits, reviews, compilations, and tax return preparation.
• Liaise with external CPA firm on matters related to the annual audits and tax returns.
• Prepare fixed asset, Prepaid and Accrual schedules and full month end close.
• Analyze and maintain escrow accounts (tax and insurance), loan amortization, and replacement reserve activity of each assigned multi-family property as needed.
• Assist Community Managers with budget preparation, financial statement review, and other support as assigned.
• Perform annual completion of DC Property Income and Expense forms.
• Complete other duties and projects as assigned.

Qualifications

• BA/BS in Accounting or Finance with 3+ years of real estate accounting experience, with a strong preference for multi-family experience.
• Previous experience in a real estate and construction environment is highly desired.
• A thorough knowledge of GAAP is required.
• Strong communication and interpersonal skills, both verbal and written.
• Exemplary problem-solving and analytic skills.
• Excellent organizational and prioritization skills with a keen sense of urgency, works well under pressure, and consistently meets deadlines.
• Advanced Microsoft Office skills, particularly Word and Excel.
• Knowledge of Yardi software is highly desirable.
• CPA or CMA certification is preferred but not required.