Senior Accountant, Property Accounting

Description

About Prime: Prime Residential is an established owner and operator of more than 19,000 multifamily apartments and townhomes, providing appealing amenities and superior customer service in some of the most sought-after locations along the West Coast. We are committed to maintaining a richly diverse and inclusive company culture where all people feel welcomed and valued.

Work Location : Hybrid three days a week in our beautiful headquarters located in the Transamerica Pyramid.

Target Pay: $104,528- $116,144 + discretionary bonus

Role Overview : The Senior Accountant, Property Accounting at Prime Residential (Prime) plays a critical role in ensuring the accuracy, integrity, and compliance of financial reporting across our portfolio. This position is responsible for overseeing property related transactions, managing the financial close process, preparing journal entries, conducting reconciliations, and leading financial analysis to drive strategic decision-making.

Perform Full Cycle Accounting to include analysis of accounts or accounting transactions. Prepare and assist with cash management, AP and AR, Accruals and reconciliations. Prioritize and maintain organization of a high-volume workload.

The Senior Accountant is expected to collaborate closely with corporate, regional, and on-site teams to ensure strict adherence to GAAP and internal accounting policies. The Senior Accountant will also play a key role in audits, financial compliance initiatives, process improvements, identifying opportunities to enhance financial accuracy and operational efficiency.

Success in this role requires analytical skills and a proactive mindset. The ideal candidate is detail-oriented, solutions-driven, and highly capable of managing multiple priorities in a fast-paced environment, with a strong ability to drive continuous improvement and best practices in financial operations.

Who You Are:

• A deadline-driven professional with a strong commitment to accuracy and compliance.
• A culture-focused team player who contributes to an environment of collaboration, engagement, and continuous learning within the accounting team.
• A problem-solver who can analyze financial data and provide actionable insights.
• A process-focused contributor who seeks opportunities to improve financial operations and controls.
• An effective communicator who translates financial information for various stakeholders.

Key Responsibilities:

Financial Reporting & General Ledger Management

• Manage the financial close process, ensuring accuracy and timeliness in reporting.
• Prepare and record journal entries, ensuring proper documentation, verification, and reconciliation of financial data.
• Assist in liquidity and cash activities of properties to facilitate organization’s goals on investor distributions. Request fund transfers as appropriate.
• Perform bank reconciliations timely ensuring compliance and accuracy.
• Ensure general ledger integrity, including intercompany allocations, loan schedules, and financial transactions.
• Prepare financial reports to meet lender and investor requirements.
• Research, analyze and effectively communicate complex accounting issues and escalate appropriately.
• Prepares various business license renewals, business taxes, asset listing reporting and responsible for remitting all property taxes

Budgeting & Financial Analysis

• Support financial analysis by assessing revenue trends, expenditures, and cost controls.
• Assist in budget preparation and provide recommendations for adjustments based on financial trends.
• Provide insights into forecasting and financial planning to align with corporate objectives.

Audit & Compliance

• Comply and assist corporate accounting in financial audits, tax compliance, and financial reporting requirements, ensuring efficient and accurate documentation.
• Ensure full compliance with GAAP, regulatory requirements, and internal financial policies, identifying and mitigating risks.
• Proactively analyze financial processes, recommend improvements, and implement controls to optimize compliance and efficiency.

Collaboration & Support

• Partner with property management teams, regional leadership, and corporate finance to align accounting operations with business objectives and compliance needs.
• Lead weekly meetings with internal teams to ensure financial alignment and reporting consistency.
• Prepare and present quality financial reports to leadership to drive strategic financial decisions.

Process Improvement & Industry Knowledge

• Identify and implement process improvements to enhance financial efficiency, automation, and reporting accuracy.
• Stay ahead of industry best practices, evolving accounting regulations, and technological advancements, integrating new insights into financial operations.

Requirements

• BA/BS degree in Accounting, Finance, Business, or related field.
• 4+ years of accounting experience, preferably within property management or real estate. Multi-family experience a plus.
• Proficiency in accounting software and financial systems and Microsoft Excel. RealPage experience a plus.
• Strong knowledge of GAAP, financial reporting, general ledger management, reconciliations, budgeting, and forecasting.
• Exceptional analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.
• Strong attention to detail, ensuring accuracy and compliance in all financial reporting.
• Highly organized and proactive, with the ability to manage multiple projects and deadlines independently.
• Excellent communication skills, capable of translating financial data into clear, actionable insights for stakeholders.
• A solutions-oriented mindset, continuously seeking ways to improve financial processes and drive operational efficiencies.

What We Offer:

• Generous Benefits: Comprehensive medical, dental, vision, and RX plans.
• PTO: Standard PTO plus 11 company holidays, 2 floating holidays, 1 birthday day-off, and 1 volunteer day-off.
• Retirement: 401k match up to 4%.
• Career Growth: Prime Academy provides various development opportunities by position including foundational skills, technical skills, leadership essentials, and more.
• Education: Tuition reimbursement for continuous learning.
• Employee Housing Discount: Housing discount offered at Prime Residential properties.

JOIN OUR TEAM: If you are a dedicated professional with a passion for excellence and customer service, we would love to hear from you! Apply now to join Prime Residential and contribute to our vibrant community.

Privacy Notice :

At Prime Residential, we celebrate and support diversity for the benefit of our employees, our business, and our community.

Prime is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Prime is also committed to compliance with all fair employment practices regarding citizenship and immigration status and, where applicable, pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.

Regarding Prime Residential's Compensation Philosophy: The pay range for this position refers to what we reasonably expect to compensate for this role. Individual compensation is based on various factors, including experience, education, skillset, and geographic location. The specified range is reflective of the intended regional labor market.

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