Job Description
POSITION TITLE: Property Accountant
MANAGER: Property Accounting Manager
GENERAL DESCRIPTION: Primarily responsible for day-to-day accounting functions required to accurately record and reconcile transactions and produce monthly financial statements in accordance with GAAP for the Company’s portfolio of residential and commercial properties.
Qualifications Education: Accounting degree required
Experience - A minimum of three years of property management accounting and financial reporting experience is required. This includes all functions of full-charge bookkeeping and multi-property experience.
- Proficiency in RealPage Accounting or similar real estate accounting software and Microsoft Office products including Outlook, Word, and Excel.
Abilities - Be committed to, and find passion in, GCHP’s mission.
- An energetic individual with high ethical standards.
- Highly organized, detail-oriented, critical thinking skills, analytical skills, diplomatic and persistent
- Ability to meet deadlines, manage multiple tasks in an entrepreneurial environment and communicate effectively.
- Possess initiative and the ability to work both independently and collaboratively.
- Ability to follow and apply Generally Accepted Accounting Principles (GAAP) and to read and comprehend financial statements.
Essential Job Functions/Responsibilities - Follow GCHP internal control procedures as established by management.
- Review and support all transaction postings initiated from the property management system.
- Reconcile bank accounts monthly; Follow up timely with property management with any deposit discrepancies. Follow up timely with any stale dated checks Record manual and on-line miscellaneous deposits when received or identified.
- Daily review and reconciliation of deposit discrepancies.
- Reconcile other balance sheet G/L accounts on a regular schedule as needed, depending on activity in the account.
- Maintain supporting schedules to ensure correct reporting of monthly financials and reconciliation of balance sheet accounts.
- Reconcile security deposit accounts and make any necessary transfers.
- Make any required transfers to replacement reserves and taxes and insurance for portfolio accounts.
- Perform monthly property management accounting general ledger posting, review and reconcile to supporting schedules.
- Communicate with property management staff to finalize monthly financials. Prepare all monthly, quarterly, and annual property financial reports for each assigned property for supervisory review.
- Ensure Financial statements are distributed timely.
- Manage debt schedules, investor, and insurance payments, and transfers to reserve and escrow accounts to ensure payment on a timely basis and update the master schedules as required.
- Communicate with Property Management staff, particularly in resolving discrepancies in the property management software posting. Provide instruction as needed.
- Provide accounting support to Property Management and Asset Management departments including annual budget data entry, reserve funding and analysis.
- Provide support for accounts payable. Research accounts payable discrepancies as needed.
- Assist with the weekly cash balance for any properties in portfolio.
- Process any manual or ACH transactions, stop payments and other banking requests for properties in portfolio.
- Assist as necessary with other properties when required by staffing shortages or additional work requests.
- Prepare annual reconciliations in preparation of year end financial statements and audits.
- Participate in the financial audits including providing audit schedules, requested audit documentation, and reviewing draft audits, audit adjustments and audit reports.
- Perform other activities as requested by the Property Accounting Manager and Controller.
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