Job Description

Job Description

Job Description

Job Title : Property Accountant

Job Overview : The Property Accountant is responsible for overseeing and managing financial activities for a portfolio of properties, ensuring accurate record-keeping, budgeting, and reporting. This role requires expertise in property management accounting and ensures compliance with applicable accounting principles, tax laws, and company policies.

Key Responsibilities :

1. Financial Reporting :

   • Prepare monthly, quarterly, and annual financial statements for property portfolios.
   • Ensure all accounting records are accurate, up-to-date
   • Prepare variance reports and provide analysis of financial performance for property owners and stakeholders.

2. Accounts Payable and Receivable :

   • Process and track property-related invoices and expenses, ensuring timely payments to vendors and contractors.
   • Reconcile tenant rents, deposits, and other receivables.

3. Budgeting and Forecasting :

   • Assist with the preparation of annual property budgets and forecasts.
   • Monitor actual financial performance against budget and report variances to management.

4. Lease Administration :

   • Track rent payments, lease agreements, and other related financial terms.
   • Ensure accurate and timely billing for rent and other charges.

5. Tax Compliance :

   • Assist with tax filings, ensuring property-related taxes are accounted for and paid on time.
   • Help prepare year-end tax reports for property owners or management.

6. General Ledger Maintenance :

   • Maintain and update the general ledger for the property portfolio.
   • Ensure all property-related transactions are properly recorded.

7. Audit and Internal Controls :

   • Assist in property audits and ensure internal controls are followed.
   • Address and resolve discrepancies or issues identified during audits.

8. Communication and Collaboration :

   • Communicate regularly with property managers, tenants, and vendors regarding financial matters.
   • Provide financial analysis and support to senior management in decision-making processes.

Qualifications :

• Bachelor's degree in Accounting, Finance, or related field.
• Experience in property management accounting or real estate accounting.
• Strong knowledge of accounting principles and tax regulations.
• Proficient in accounting software (e.g., Yardi).
• Strong attention to detail and organizational skills.
• Ability to work independently and meet deadlines.
• Excellent communication and interpersonal skills.

Preferred Skills :

• Cmrao certificate or other relevant certifications.
• Experience with financial reporting and analysis in the real estate industry.
• Familiarity with property-specific accounting systems.

This role is essential for ensuring the financial health and compliance of a property portfolio, enabling owners or management teams to make informed, strategic decisions.

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