Senior Property Accountant – Multifamily

Raleigh

Location

Raleigh

Job Type

Permanent

Reference

71381

Job Summary

Macdonald & Company is the leading recruitment firm for real estate talent acquisition across the Sunbelt.
 
We are currently partnering with a prominent real estate investment and property management firm in Raleigh, NC, focused on multifamily assets to appoint a Senior Property Accountant.
 
The Senior Property Accountant will play a pivotal role in ensuring the accuracy and integrity of financial data for multifamily properties.

Key Responsibilities 
Financial Reporting:
    • Collaborate with the accounting team to prepare monthly, quarterly, and annual financial statements for multifamily properties, adhering to GAAP and company standards.
    • Conduct variance analysis and provide insights into financial performance, identifying opportunities for optimization and cost-saving initiatives.
    • Assist in budget forecasts, cash flow projections, and annual operating budgets for assigned properties.
Accounts Receivable and Accounts Payable:
    • Oversee accounts receivable processes, including rent invoicing, collections, and tenant ledger reconciliations.
    • Manage accounts payable functions, ensuring accurate processing of vendor invoices, payments, and reconciliations.
    • Monitor cash flow and bank reconciliations, addressing discrepancies and maintaining financial controls.
Lease Administration and Tenant Relations:
    • Work closely with property management teams to review lease agreements, abstracts, and tenant billing reconciliations.
    • Facilitate lease renewals, rent escalations, and tenant move-ins/move-outs, ensuring lease compliance and accurate rent calculations.
    • Address tenant inquiries and resolve billing disputes in a timely and professional manner.
Financial Analysis and Audit Support:
    • Support financial analyses, including property performance metrics, return on investment calculations, and capital expenditure tracking.
    • Assist in external audit processes by providing documentation and explanations, ensuring compliance with audit requirements.
    • Participate in internal control reviews and process enhancements to improve efficiency and accuracy.
Regulatory Compliance and Tax Reporting:
    • Stay informed of regulatory requirements and tax laws impacting multifamily properties, ensuring compliance with federal, state, and local regulations.
    • Aid in the preparation of property tax filings, CAM reconciliations, and other tax-related documentation.
    • Collaborate with external tax advisors and legal counsel to address tax-related matters and optimize tax strategies.

Qualifications

  • Bachelor's degree in Accounting, Finance, or related field; CPA certification or progress towards CPA preferred.
  • Minimum of 5 years of accounting experience, with at least 2 years in multifamily property accounting.
  • Proficiency in Yardi Voyager or similar property management accounting software preferred.
  • Strong understanding of GAAP principles, financial reporting standards, and real estate accounting practices.
  • Excellent analytical skills with the ability to interpret complex financial data and communicate findings effectively.
  • Detail-oriented with a focus on accuracy and timeliness in financial reporting and analysis.
  • Strong organizational skills with the ability to prioritize tasks and meet deadlines.
 

Benefits

Competitive Salary
Discretionary Bonus
Healthcare
401k Match
Thomas Fielder

U.S.

Thomas Fielder

Associate

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