Property Accounting Manager

Job Summary

• Prepare financial statements and balance sheet account reconciliations and analysis.
• Oversee cash flow for all development sources.
• Work closely with development coordinators and development managers.
• Manage accounting aspects of property purchases including recovery of predevelopment costs, non-cash transactions, and lender and investor participation.
• Review underlying loan and equity partnership documents and apply proper accounting treatment to financial records.
• Maintain development general ledgers and financial statements for each property.
• Perform budgeting and forecasting for projects; prepare and/or review cash flow projections.
• Perform daily cost tracking research and analysis and create daily, weekly, and monthly cost reports.
• Prepare development entity financial reporting for monthly review with development and accounting managers.
• Assist in transition of assets being acquired, disposed, and placed in service.

• Accounts receivable – Responsible for checking lockbox bank accounts and recording actual deposits into accounting software within client guidelines or within a maximum of 24 hours, updating property managers and clients on delinquencies and collection activity.
• Accounts payable – Process and code invoices for payment to the budget/forecast and forward to property manager(s) for approval and help process the creation and distribution of annual 1099’s.
• Budgets for next budget year and updated current year forecasts in client requested formats.
• CAM/Tax/Insurance Monthly/Quarterly/Annual reconciliations and billings.
• Client specific reports which also include financial reporting experience (Full Cycle to Income Statement & Balance Sheet).
• Reconciliations of bank accounts, subsidiary ledgers to general ledger, and balance sheet accounts.
• Variance analysis for month to date and year to date actual to budget for revenue, expense, and capital accounts.
• Ad Hoc Projects when required.