SARA Investment Real Estate
Company Description
Headquartered in Madison, WI, SARA Investment Real Estate acquires value-add industrial and multi-family assets throughout Wisconsin, Minnesota, Western Michigan, and Western Ohio. Additionally, SARA develops high-quality multi-family projects in Madison, Wisconsin. Leveraging its in-depth expertise, SARA successfully drives value for tenants and investors. Role Description
This is a full-time, on-site role located in Madison, WI for a Property Accountant. The Property Accountant will be responsible for preparing financial statements, maintaining accurate and organized accounting records, and reconciling journal entries. Day-to-day tasks also include financial reporting, managing property-related finances, and ensuring compliance with financial regulations. Reports To
Sr. Director of Accounting Wage
Exempt Time Off
As outlined in employment manual Schedule
8:00-5:00 PM Monday- Friday in-office; Work schedule is dependent on acquisitions, season and overall needs of the company. Summary
Provides accounting support for property & corporate/treasury accounting. This will be accomplished in a manner conducive to the policies, business philosophies and ethics as generated and directed by management. Baseline Qualifications
Associate’s degree in accounting required, bachelor’s degree preferred 0-2 years of experience Yardi & Avid experience is preferred but not required Demonstrates excellent computer skills, including MS Excel, Word and Outlook Ability to work under direct supervision Ability to clearly and effectively communicate information to internal personnel and outside clients verbally and in writing Proven ability to compose memos and correspondence Possess exceptional organizational skills with the ability to prioritize multiple tasks simultaneously to meet strict deadlines Ability to comprehend legal and mortgage documents Essential Duties and Responsibilities
Accounts Receivable/Tenant Related
Complete daily bank submissions for check deposits Enter Yardi general ledger receipts (both checks & ACH) to apply payments to tenant ledgers Review monthly tenant billing report and verify charges for next month. Prepare/Review CPI rent increase calculations as required Post monthly charges to tenant ledgers Email tenant rent statements for internally managed properties Assist property managers with tenant questions on rent statements Enter basic information on new leases in Yardi (tenant, start & end date of lease, rent charges) Prepare investor contribution information on audited properties Accounts Payable
Semiweekly batch approved payables to general ledger Update a weekly check run file for utility payments Monitor accounts payable invoices escalated report to identify aged items and collaborate with approvers to ensure timely resolution through payment or voiding of invoice Research payables with past due balances or credit balances Maintain W-9 and COI information for vendors Assist with 1099 preparation Property financials for assigned properties
Upload third party financial statements into general ledger Validate mortgage amortization schedules to third party statements for interest and principal payments Update rent/cam income calculations to validate current period charges Validate monthly depreciation/amortization to asset schedule(s) Assist with creating PDF files for cam estimate billings and actual cam recs Finalize month end reports for assigned properties Update real estate tax escrow transfer amounts Analyze monthly results for significant variances to budget/prior year and follow up with third party or internal property manager to validate current period results Monthly close procedures
Perform bank reconciliations for all properties Post recurring journal entries for all internally managed properties Post corporate asset management charges and receipts Close periods in general ledger for accounts receivable/accounts payable Budgets for assigned properties
Review rent revenue and rent steps for existing tenants Create CAM revenue portion of budgets Estimate debt loan balance and amortization schedules for budget year Enter management fees, capital draws/contributions. Set up budget templates and file folders, verify links and formulas are correct Make necessary changes to budget based on budget reviews Lock and transfer budgets to Yardi main for assigned properties Assist with creating PDF files of budgets for approval for assigned properties Year End
Supply tax accountants with fixed asset additions for the year Adjust depreciation/amortization to fixed asset schedules Prepare annual tax workpapers Prepare annual CAM reconciliations Miscellaneous projects as requested Create CAM worksheets for prospective tenants Monitor bank balances for all properties based on set criteria Work Conditions
Work hours average 40 per week with occasional overtime and nights to meet project deadlines Sitting for extended periods of time Dexterity of hands and fingers to operate a computer keyboard, mouse, and other office equipment Infrequent lifting and transporting of objects, up to 20 pounds National or in-state travel
Referrals increase your chances of interviewing at SARA Investment Real Estate by 2x
#J-18808-Ljbffr
Headquartered in Madison, WI, SARA Investment Real Estate acquires value-add industrial and multi-family assets throughout Wisconsin, Minnesota, Western Michigan, and Western Ohio. Additionally, SARA develops high-quality multi-family projects in Madison, Wisconsin. Leveraging its in-depth expertise, SARA successfully drives value for tenants and investors. Role Description
This is a full-time, on-site role located in Madison, WI for a Property Accountant. The Property Accountant will be responsible for preparing financial statements, maintaining accurate and organized accounting records, and reconciling journal entries. Day-to-day tasks also include financial reporting, managing property-related finances, and ensuring compliance with financial regulations. Reports To
Sr. Director of Accounting Wage
Exempt Time Off
As outlined in employment manual Schedule
8:00-5:00 PM Monday- Friday in-office; Work schedule is dependent on acquisitions, season and overall needs of the company. Summary
Provides accounting support for property & corporate/treasury accounting. This will be accomplished in a manner conducive to the policies, business philosophies and ethics as generated and directed by management. Baseline Qualifications
Associate’s degree in accounting required, bachelor’s degree preferred 0-2 years of experience Yardi & Avid experience is preferred but not required Demonstrates excellent computer skills, including MS Excel, Word and Outlook Ability to work under direct supervision Ability to clearly and effectively communicate information to internal personnel and outside clients verbally and in writing Proven ability to compose memos and correspondence Possess exceptional organizational skills with the ability to prioritize multiple tasks simultaneously to meet strict deadlines Ability to comprehend legal and mortgage documents Essential Duties and Responsibilities
Accounts Receivable/Tenant Related
Complete daily bank submissions for check deposits Enter Yardi general ledger receipts (both checks & ACH) to apply payments to tenant ledgers Review monthly tenant billing report and verify charges for next month. Prepare/Review CPI rent increase calculations as required Post monthly charges to tenant ledgers Email tenant rent statements for internally managed properties Assist property managers with tenant questions on rent statements Enter basic information on new leases in Yardi (tenant, start & end date of lease, rent charges) Prepare investor contribution information on audited properties Accounts Payable
Semiweekly batch approved payables to general ledger Update a weekly check run file for utility payments Monitor accounts payable invoices escalated report to identify aged items and collaborate with approvers to ensure timely resolution through payment or voiding of invoice Research payables with past due balances or credit balances Maintain W-9 and COI information for vendors Assist with 1099 preparation Property financials for assigned properties
Upload third party financial statements into general ledger Validate mortgage amortization schedules to third party statements for interest and principal payments Update rent/cam income calculations to validate current period charges Validate monthly depreciation/amortization to asset schedule(s) Assist with creating PDF files for cam estimate billings and actual cam recs Finalize month end reports for assigned properties Update real estate tax escrow transfer amounts Analyze monthly results for significant variances to budget/prior year and follow up with third party or internal property manager to validate current period results Monthly close procedures
Perform bank reconciliations for all properties Post recurring journal entries for all internally managed properties Post corporate asset management charges and receipts Close periods in general ledger for accounts receivable/accounts payable Budgets for assigned properties
Review rent revenue and rent steps for existing tenants Create CAM revenue portion of budgets Estimate debt loan balance and amortization schedules for budget year Enter management fees, capital draws/contributions. Set up budget templates and file folders, verify links and formulas are correct Make necessary changes to budget based on budget reviews Lock and transfer budgets to Yardi main for assigned properties Assist with creating PDF files of budgets for approval for assigned properties Year End
Supply tax accountants with fixed asset additions for the year Adjust depreciation/amortization to fixed asset schedules Prepare annual tax workpapers Prepare annual CAM reconciliations Miscellaneous projects as requested Create CAM worksheets for prospective tenants Monitor bank balances for all properties based on set criteria Work Conditions
Work hours average 40 per week with occasional overtime and nights to meet project deadlines Sitting for extended periods of time Dexterity of hands and fingers to operate a computer keyboard, mouse, and other office equipment Infrequent lifting and transporting of objects, up to 20 pounds National or in-state travel
Referrals increase your chances of interviewing at SARA Investment Real Estate by 2x
#J-18808-Ljbffr