Job Summary
Our client, a prominent multi-family investment and development firm, seeks a Property Accountant to join their top-notch accounting team in Los Angeles. This role provides a flexible, hybrid work arrangement, allowing remote work for 3-4 days weekly.About the Firm:
With a track record of acquiring top-tier multifamily properties nationwide, the firm boasts over 50K managed units, providing stability and ample growth prospects within a strong company culture.
The Opportunity:
Under the guidance of the Controller, the Property Accountant will manage all accounting tasks for designated multi-family properties. Duties encompass financial statement preparation, consolidations, bank reconciliations, journal entries, accruals, and variance analysis.
Responsibilites:
- Review and analyze budgets, revenues, expenses, POs, invoices, and related accounting data to facilitate month-end closing for property portfolio; investigate and resolve discrepancies as needed.
- Prepare and input journal entries covering accruals, deposits, reclassifications, etc.
- Conduct bank reconciliations, manage check scanning for deposits, process cash transfers, and approve resident refunds.
- Calculate and record monthly GAAP depreciation and amortization.
- Assess revenue and expense trends vis-à-vis budget to ensure cost management, and craft variance explanations.
- Generate supporting schedules for monthly balance sheet and income statement analyses.
- Compile and analyze financial data for lenders and investors on a monthly, quarterly, and annual basis.
- Aid property management in annual budget formulation for designated accounts.
- Liaise with on-site and other property managers to facilitate pre-close and close activities, address inquiries, offer support, and ensure timely completion of accounting procedures for punctual reporting.
- Fulfill additional financial, accounting, and administrative tasks as delegated or required.
- Bachelor's or Master's degree in Accounting, Finance, Real Estate, Business, or related field
- Multi-family property accounting experience is a must - class A is preferred
- 3-6 years experience ideally
- Experience with Yardi, RezMin, RealPage, OneSite, and/or QuickBooks is preferred
- Self-starter attitude
