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Shared Apartment Services

Property Accountant

Shared Apartment Services, Englewood, New Jersey, us, 07631

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Overall Responsibility:

The Property Accountant is a team member of the centralized accounting department in the corporate office.

Essential Functions:

Maintain proper accounting records for the assigned properties and tasks

Review and understand the organizational and financial documents and apply accounting and reporting requirements accurately

Monitor AR and AP aging, unapplied cash, bad debt allowance, debt service ratio, cash flows and cash positions, etc.

Approve accounts payable timely

Work closely with the field team to timely resolve receivable and payable issues

Review tenant ledgers in question

Review commercial lease charges, perform CAM reconciliations

Analyze activity in capital expenditure accounts. Apply for replacement reserve according to loan agreements.

Follow month end closing calendar

Prepare monthly centralized journal entries and supporting schedules for the assigned accounts

Review bank reconciliations and timely resolve bank reconciling items.

Maintain and reconcile all general ledger activities for properties in the assigned portfolio

Prepare monthly closing work paper packages independently including variance explanations

Investigate and resolve issues through communication with operations, finance teams and outside parties

Prepare monthly reports as needed, such as investor, lender

Follow quarter end closing calendar

Assist in preparing quarterly financial reports and supplemental schedules

Prepare lender reports, and other required quarterly reports.

Perform year end responsibilities

Prepare required work papers at year end for annual audits

Respond to auditor’s questions

Prepare financial statements and footnote disclosures

Review tax returns prepared by CPAs as needed.

Complete ad hoc financial projects as required.

Qualifications:

Bachelor's degree in Accounting

2-3 years accounting experience (property accounting experience preferred).

Proficiency in Excel required, Salesforce and Yardi software experience a plus

Demonstrated problem solving and analytical skills.

Ability to work in a fast paced environment and prioritize multiple high priority projects.

Strong work ethic focused on meeting deadlines

Please be advised that ALL new hires will be required to successfully complete a criminal background investigation

prior to employment. The receipt of satisfactory responses to reference requests, and the provision of satisfactory proof of an applicant's identity and legal authority to work in the United States are also required .

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