Property Accountant I
Employment Type : Full-Time
Responsibilities: MG Properties Group has a great opportunity for an entry level Accountant to join our team!!
The Property Accountant is responsible for supporting the Accounting Manager with assigned properties’ financial records. The Property Accountant is directly responsible for the assigned portfolio of properties’ accounting functions such as processing accounts payable, posting transactions, running reports, reconciling accounts and interacting with the Community and Regional Managers to present financial statements.
Essential Responsibilities:- Working knowledge of basic accounting principles for application of day to day responsibilities and a stronger knowledge of accrual based accounting.
- Prepares monthly journal entries and accruals as required
- Processes A/R checks
- Processes A/P invoices and checks
- Reviews A/R entries on a daily basis, solving any discrepancies as necessary in a timely manner
- Reviews A/P entries such as utilities, recurring and regular invoices that are processed by A/P Clerks
- Processes Security Deposit Check Requests within scheduled deadline
- Processes write offs and collections
- Processes monthly loan payments. Reconciles mortgage impound balances accordingly
- Prepares bank reconciliations
- Prepares monthly & quarterly property reports within scheduled deadlines
- Analyzes monthly & quarterly financial statements and budgets
- Tracks delinquency / aging and contacts Property Managers accordingly
- Reviews weekly property account balances in order to manage cash flow effectively
- Forecasts cash flow and cash management in a timely basis
- Works closely with Property Managers and Regional Managers to help reconcile tenants accounts/ledgers
- Participates in preparing and auditing materials requiring analyses of supporting documents and insures that all entries are entered into the system properly
- Prepares Year End 1099’s for Accounting Manager’s review
- Assists Senior Accountant and Accounting Manager for property taxes and insurance audits
- Adjusts errors and discrepancies
Qualifications:- Bachelor’s degree in Finance or Accounting
- Knowledge of and ability to use spreadsheet software, Internet and Email software
- The ability to work independently and effectively in a fast paced environment
- Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions
- Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations
- Excellent communication and interpersonal skills both written and verbal
MG Properties Group is committed to enriching lives. We are an Equal Opportunity Employer and drug- free workplace. All individuals are encouraged to apply.