Property Accountant
Senior Property Accountant
Manchester, CT - Hybrid
Contact: Brittany Rizzo / [email protected]
Reference ID: BR0013449193
Position Summary
Our client is adding to their team! The Property Accountant is responsible for managing the financial reporting and accounting functions for a portfolio of residential properties. This role ensures accurate financial records, timely reporting, compliance with accounting standards, and support for property management operations. The ideal candidate is detail-oriented, analytical, and experienced in real estate accounting practices.
Key Responsibilities
- Prepare and maintain monthly, quarterly, and annual financial statements for assigned properties.
- Perform month-end and year-end closing activities, including journal entries, account reconciliations, and accruals.
- Reconcile bank accounts, operating accounts, security deposits, and escrow accounts.
- Review and analyze property income, expenses, and variances against budgets and forecasts.
- Prepare and distribute owner, investor, and management financial reports.
- Assist with annual budgeting and periodic forecasting processes.
- Process tenant billings, rent adjustments, common area maintenance (CAM) reconciliations, and other lease-related accounting activities.
- Coordinate with property managers to ensure accurate recording of property transactions.
- Support accounts payable and accounts receivable functions as needed.
- Assist with audits, tax preparation, and compliance reporting.
- Maintain accurate fixed asset records and depreciation schedules.
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Identify opportunities to improve accounting processes and internal controls.
Qualifications:
• At least 3-5 years of accounting experience, preferably in property accounting or a related real estate environment.
• Hands-on experience with month-end close procedures and full-cycle general ledger accounting.
• Strong ability to prepare and review journal entries with a high level of accuracy.
• Proven experience completing account reconciliations and resolving discrepancies efficiently.
• Knowledge of bank reconciliation processes and cash balancing practices.
• Solid organizational skills with the ability to manage multiple priorities and meet reporting deadlines.
• Proficiency with accounting systems and spreadsheet tools used for financial analysis and reporting.
Compensation
$85,000.00-$100,000.00 YearlyAbout Us
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