CFS
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Overview Of The Property Accountant Role
- Prepare monthly journal entries
- Reconcile bank accounts including escrows and reserves
- Maintain supporting work-papers for balance sheet accounts such as Prepaid and Accrued Expenses, Mortgage and Interest Payable, Real Estate Tax payable, and tenant related receivables/payables, etc.
- Calculate and reconcile capital activity
- Prepare journal entries related to significant transactions such as acquisitions, dispositions and financings.
- Maintain Fixed Asset database and prepare depreciation journal entries.
- Analyze lease commissions, tenant allowances and other capital items for proper classification.
- Collaborate with Property Management to prepare monthly variance analysis of operating revenue and expenses.
- Coordinate with other Senior Accountant to provide consolidated financial and operating reporting for the multifamily portfolio
- Manage owner distributions
- Handle lender draws
- Prepare data to support the preparation of tax returns
- Assist outside firms with audit and/or year-end tax filings
- Assist with preparation and review of annual property budgets
- Participate in special projects and prepare ad hoc reports as needed
- Assist in preparation of tenant reconciliations and estimates in accordance with stipulated lease terms
Preferred Qualifications For The Property Accountant
- 1+ years of Accounting experience
- Real estate experience
- Bachelor’s degree
Salary: $70,000 - $100,000
Seniority level
- Entry level
Employment type
- Full-time
Job function
- Accounting/Auditing and Finance
Industries
- Accounting