Property Accountant

Addison Group • $90K — $105K *
Newark, NJ 07104In-Person
Real Estate & Construction
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting
  • 3-5 years of accounting experience, preferably property accounting
  • Experience with Yardi is required
  • Proficiency in Excel required, Salesforce knowledge is a plus
  • Strong problem-solving and decision-making abilities
  • Ability to manage multiple high-priority projects in a fast-paced environment
  • Strong work ethic with a focus on meeting deadlines

Responsibilities

  • Maintain accounting functions for assigned properties
  • Monitor accounts receivable and payable, and analyze cash flows
  • Approve accounts payable in a timely manner
  • Collaborate with field teams to resolve issues
  • Prepare and review monthly and quarterly financial reports
  • Handle year-end audit responsibilities and prepare required work papers
  • Complete ad hoc financial projects and assist in staff training

Benefits

  • Medical, dental, and vision insurance
  • Retirement plan options
Full Job Description
Role: Property Accountant

Location: Bergen County, NJ

Employment Type: Direct Hire

Rate: $90,000 - $105,000 / year

Benefits: This position is eligible for medical, dental, vision and retirement plan.

Essential Functions:

  • Maintain proper accounting functions for the assigned properties
    • Review and understand the organizational and financial documents and apply accounting and reporting requirements accurately
    • Monitor AR and AP aging, unapplied cash, bad debt allowance, debt service ratio, cash flows and cash positions, etc.
    • Approve accounts payable timely
    • Work closely with the field team to timely resolve receivable and payable issues
    • Review tenant ledgers in question
    • Review commercial lease charges, perform CAM reconciliations
    • Analyze activity in capital expenditure accounts. Apply for replacement reserve according to loan agreements.
  • Maintain proper accounting functions for mid-tier holding entities and fund entities
    • Manage cash flow between properties and upper tier entities
    • Record contributions and distributions properly
    • Reconcile equity/investments
    • Update investment management fee calculations.
  • Follow month end closing calendar
    • Prepare monthly centralized journal entries and supporting schedules for the assigned accounts and tasks
    • Review bank reconciliations and timely resolve bank reconciling items.
    • Maintain and reconcile all general ledger activities
    • Prepare monthly closing work paper packages independently
    • Investigate and resolve issues through communication with operations, finance teams and outside parties
    • Prepare monthly reports as needed, such as investor, lender
  • Follow quarter end closing calendar
    • Prepare quarterly financial reports and supplemental schedules
    • Prepare lender reports, and other required quarterly reports.
  • Perform year end responsibilities
    • Prepare required work papers at year end for annual audits
    • Respond to auditor's questions
    • Prepare financial statements and footnote disclosures
    • Review tax returns prepared by CPAs as needed.
  • Other
    • Apply strong working knowledge of GAAP in solving accounting issues
    • Understand the operating processes, identify areas for improvements and influence others to change
    • Complete ad hoc financial projects as required.
    • Assist in training of new and existing junior staff and interns.
    • Assist in reviewing of certain work papers

Qualifications:

  • Bachelor's degree in Accounting
  • 3-5 years accounting experience (property accounting experience preferred).
  • Experience with Yardi is firmly required.
  • Proficiency in Excel required, Salesforce software experience a plus
  • Demonstrated problem solving and decision making skills.
  • Ability to work in a fast paced environment and prioritize multiple high priority projects.
  • Strong work ethic focused on meeting deadlines.

About Addison Group

Addison Group is a professional staffing and consulting firm that provides services in the areas of information technology, finance and accounting, healthcare, human resources, and administration. The company was founded in 1999 and is headquartered in Chicago, Illinois. Addison Group has over 2500 employees and operates in 22 locations across the United States. The company has been recognized as one of the fastest-growing private staffing firms in the United States by Inc. Magazine.
Learn more about Addison Group
Size
2,500 employees
Industry
Staffing
Founded
1999
* Ladders Estimates

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