Senior Property Accountant

Leading Alternative Asset Management Company with a focus in multifamily assets has an immediate need for an experienced Property Accountant to join their corporate team in Atlanta (Buckhead).

Summary

The Senior Property Accountant is responsible for accounting of specific properties that have been assigned. The Senior Property Accountant will also manage assigned property accountant(s) assisting in training and reviewing work products, providing review comments when necessary. He/she will also be responsible for completing a detailed review of assigned property accountant’s monthly financial statements to ensure accuracy and reasonableness.

Responsibilities

The activities listed below are not all inclusive; however, they are indicative of the type of activities normally performed by the role. Other duties may be assigned.

• Complete closing pro ration schedules for property sales, and opening/closing journal entries for acquisitions/sales
• Take leadership within the accounting department, promoting positive attitudes and teamwork
• Assist accounting leadership with process and procedure documentation and improvement
• Takes full responsibility of the general ledger for a portfolio of multifamily assets
• Prepares monthly financial statements including balance sheet, income statement, statement of cash flow, supporting schedules and other reports as needed for each property
• Calculates and enters monthly journal entries including accruals and reclasses, amortization, depreciation, management fees, distributions and non-tenant cash receipts
• Follows policy for capitalization of assets to properly record renovation, rehab and other capital improvement projects in the general ledger. Calculates and records depreciation of fixed assets and amortization of intangible assets appropriately.
• Completes and analyzes various account reconciliations including cash, accounts receivable, prepaid rent, tenant security deposits and gross potential rent
• Works closely with operations team during month-end close procedures to research certain transactions, resolve discrepancies in tenant ledgers, calculate accruals, and prepare the monthly reporting packages
• Prepares calculations of cash available for payables and provides approval to accounts payable team for invoices to be paid
• Assists the Controller with monthly or quarterly calculations of distributable proceeds, and initiate distribution wires
• Manages monthly deadlines effectively in a fast-paced environment
• Assists with financial statement audits and tax preparation by providing supporting documentation and explanations to auditors/tax preparers

Requirements

• A four-year degree from an accredited institution
• Four or more years of Accounting experienced
• Advanced degrees or recognized accounting designations are a plus.
• General understanding of real estate entities, related reporting and accounting
• Ability to work autonomously and handle multiple tasks
• Expertise with accounting and related software and systems
• Up to date with industry trends and issues

Benefits:

• Competitive Base Salary
• Annual Bonus potential - 10%
• Career Growth
• Medical, Dental and Vision Coverage
• 401(k) + Company Match
• Apartment Rent Discount of 20%
• 14 Days of PTO + 10 Paid Holidays
• Employer Paid Short/Long-term Disability
• Paid Parental Leave
• Work from Home 2 days per week