OverviewPerform accounting support functions for residential properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting and the Systems Manager. The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant.
Responsibilities- Maintain GAAP accrual general ledger for a portfolio of multifamily assets.
- Prepare and process monthly journal entries. Produce monthly financial statements according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
- Complete and analyze various account reconciliations including cash, accounts receivable, prepaid rent, tenant security deposits and gross potential rent.
- Review income, expense and capital purchases for accurate coding and payment. Resolve issues with Property Manager or other departments as necessary.
- Prepare monthly bank reconciliations.
- Perform special projects as needed and provide support to the accounting and property management teams.
- Attend weekly staff meetings and participate in reporting and other meetings as required by property management and/or accounting.
- Prepare calculations of cash available for payables and provide approval to accounts payable team for invoices to be paid.
- Assist with monthly or quarterly calculations of distributable proceeds, and initiate distribution wires.
- Assist with financial statement audits and tax preparation by providing supporting documentation and explanations to auditors/tax preparers.
Qualifications- Bachelor's degree in Accounting with 3.0 minimum GPA.
- Basic understanding of general ledger activity, preference with Yardi application.
- Proficiency with Excel and other MS applications.
- 1 - 3 years of accounting experience with two years within the residential real estate industry. Alternatively, 1 - 3 years of public accounting experience with real estate clients.
- CPA a plus.
- Ability to work in a fast-paced environment, with the ability to multitask and meet deadlines.
- Must be a team oriented, problem solver.
- Strong communication skills, both verbal and written, are essential.
- Ability to collaborate with internal and external teams.
Total RewardsThe RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 21 hours per week are eligible to participate in The RMR Group's benefits plans, including:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life & Disability Insurance
- Health Savings Account (HSA) & Flexible Spending Plans (FSA)
- 401(k) Plan with Employer Match
- Holidays, Vacation & Sick Time
- Parental Leave
- Tuition Assistance
- Matching Gift Program
- Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance
The estimated base compensation range for this position is $75,000 to $110,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data
