Property Accounting Manager

Georgia

Location

Georgia

Salary

120,000

Job Type

Permanent

Reference

70779

Job Summary

Position Summary:
Macdonald & Co. is proudly partnered with one of their best clients to appoint a Property Accounting Manager for their growing team in Atlanta, GA.

The opportunity offers career progression, above market compensation, excellent employee healthcare and a hybrid work schedule.

Job Duties:
Development Accounting:
  • 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.

Property Management Accounting:
  • 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.
Veronica Guedez

Atlanta

Veronica Guedez

Vice President

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