Accounting

Property Accountant

Looking to hire your next Property Accountant? Here’s a full job description template to use as a guide.

About Vintti

Vintti stands at the forefront of economically advantageous staffing solutions for US businesses. By facilitating partnerships between American companies and Latin American professionals, we offer a pathway to reduced operational costs without sacrificing quality. Our approach enables businesses to reinvest savings into core areas, fostering growth and enhancing overall market competitiveness.

Description

A Property Accountant is responsible for managing the financial aspects of real estate portfolios. They ensure accurate accounting and reporting of income, expenses, and liabilities related to properties. Key duties include maintaining financial records, preparing budgets, generating financial statements, and performing audits. Property Accountants play a critical role in supporting property managers by providing insights on financial performance and compliance with regulations. Their expertise helps enhance profitability and operational efficiency, making them essential in the effective management of properties.

Requirements

- Bachelor's degree in Accounting, Finance, or related field
- Certified Public Accountant (CPA) designation preferred
- Minimum of 3-5 years of experience in accounting, preferably in property or real estate accounting
- Proficiency in accounting software and Microsoft Office Suite, especially Excel
- Strong analytical and problem-solving skills
- Excellent attention to detail and organizational skills
- Ability to manage multiple tasks and meet deadlines
- Knowledge of Generally Accepted Accounting Principles (GAAP)
- Experience with budgeting, forecasting, and financial reporting
- Familiarity with tax regulations and requirements relevant to the property industry
- Strong communication and interpersonal skills
- Ability to work both independently and collaboratively with team members and other stakeholders
- Experience with lease administration and tenant billing processes
- Knowledge of financial controls and best practices for accounting processes
- Ability to conduct variance analysis and provide meaningful financial insights
- Experience with accounts payable and receivable management
- Familiarity with audit processes and ability to assist during internal and external audits
- Ability to prepare and analyze cash flow projections
- Experience with tracking and managing capital expenditure projects
- Adept at handling sensitive financial information with confidentiality and integrity

Responsabilities

- Monitor and record financial transactions related to property operations
- Prepare and analyze budgets, forecasts, and financial reports
- Reconcile bank statements and general ledger accounts
- Manage accounts payable and receivable, ensuring timely payments and collections
- Process tenant billings and lease administration
- Conduct variance analysis comparing current results to budget and historical data
- Assist in the preparation of monthly, quarterly, and annual financial statements
- Ensure compliance with company policies, accounting standards, and relevant regulations
- Coordinate with property managers and other stakeholders for financial information and reporting
- Maintain accurate and organized documentation and financial records
- Prepare and file necessary tax documents and reports
- Assist in internal and external audits by providing required documentation and explanations
- Respond to financial inquiries from tenants and management
- Evaluate and implement financial controls to enhance property accounting processes
- Monitor cash flow and prepare cash flow projections
- Coordinate with external auditors during the audit process
- Provide support in the preparation of year-end financial closings and auditing processes
- Track and manage capital expenditure projects and budgets
- Review and approve expenses related to property maintenance and operations

Ideal Candidate

The ideal candidate for the role of Property Accountant is a highly detailed, analytical professional with a Bachelor's degree in Accounting, Finance, or a related field, and preferably a Certified Public Accountant (CPA) designation. With 3-5 years of experience in property or real estate accounting, this individual is proficient in accounting software and excels in Microsoft Office Suite, especially Excel. They possess strong problem-solving skills, an exceptional eye for detail, and robust organizational capabilities, enabling them to manage multiple tasks and meet stringent deadlines. Their deep knowledge of Generally Accepted Accounting Principles (GAAP), budgeting, forecasting, and financial reporting, combined with experience in lease administration and tenant billing processes, sets them apart. This candidate is adept at handling tax regulations relevant to the property industry, conducting variance analysis, and offering insightful financial evaluations. Their strong communication and interpersonal skills allow them to work efficiently with team members and stakeholders, while their ability to maintain confidentiality and integrity in managing sensitive financial data ensures high ethical standards. They are proactive, dependable, and thrive in dynamic environments, with the ability to anticipate potential issues and adapt to new accounting tools. Their leadership potential shines through in their ability to mentor junior staff and provide exceptional customer service when interacting with tenants and stakeholders, making them a resilient and reliable asset to any property accounting team.

On a typical day, you will...

- Monitor and record financial transactions related to property operations
- Prepare and analyze budgets, forecasts, and financial reports
- Reconcile bank statements and general ledger accounts
- Manage accounts payable and receivable, ensuring timely payments and collections
- Process tenant billings and lease administration
- Conduct variance analysis comparing current results to budget and historical data
- Assist in the preparation of monthly, quarterly, and annual financial statements
- Ensure compliance with company policies, accounting standards, and relevant regulations
- Coordinate with property managers and other stakeholders for financial information and reporting
- Maintain accurate and organized documentation and financial records
- Prepare and file necessary tax documents and reports
- Assist in internal and external audits by providing required documentation and explanations
- Respond to financial inquiries from tenants and management
- Evaluate and implement financial controls to enhance property accounting processes
- Monitor cash flow and prepare cash flow projections
- Coordinate with external auditors during the audit process
- Provide support in the preparation of year-end financial closings and auditing processes
- Track and manage capital expenditure projects and budgets
- Review and approve expenses related to property maintenance and operations

What we are looking for

- Detail-oriented and precise in financial record-keeping
- Strong analytical mindset with excellent problem-solving skills
- High level of integrity and ethical standards
- Proactive and able to anticipate potential issues
- Strong organizational and time management abilities
- Excellent communication and interpersonal skills
- Ability to work independently and as a part of a team
- Adaptable and open to learning new accounting software and tools
- Strong aptitude for numbers and financial calculations
- Ability to thrive in a fast-paced, dynamic environment
- Dependable and reliable with a strong work ethic
- Keen understanding of financial regulations and compliance
- Ability to manage and prioritize multiple tasks effectively
- Strong sense of accountability and ownership of responsibilities
- Good judgment and decision-making skills
- Strong leadership potential and ability to mentor junior staff
- Ability to maintain confidentiality of sensitive financial information
- Excellent customer service mindset, especially when interacting with tenants and stakeholders
- Resilient and able to handle challenges and setbacks professionally
- Detail-focused but also capable of seeing the bigger financial picture

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Comprehensive health, dental, and vision insurance plans
- 401(k) retirement savings plan with company match
- Generous paid time off (PTO) and holiday schedule
- Flexible work hours and potential for remote work options
- Professional development and continuing education opportunities
- Tuition reimbursement program
- Opportunities for career advancement and growth within the company
- Life and disability insurance coverage
- Employee wellness programs and resources
- Employee assistance program (EAP) for personal and professional support
- Monthly or quarterly performance bonuses
- Employee discount programs
- Company-sponsored social and networking events
- Mentorship and leadership development programs
- Reimbursement for professional certifications and memberships
- Collaborative and supportive work environment
- Access to state-of-the-art technology and tools
- Paid parental leave policies
- Travel reimbursement for work-related activities
- Access to company gym or fitness center (if applicable)

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