Job Description:

POSITION: Junior Property Accountant

DEPARTMENT: Accounting/Finance

REPORTS TO: Accounting Manager

FLSA STATUS: Non-Exempt

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Job Summary:

Position is responsible for the daily tenant payment processing as well as monthly detailed accounting close and financial reporting for low activity assigned properties and/or entities. Maintaining supporting files, preparing tenant ledger and general journal entries, and providing accounts receivable and payable assistance as needed. Uses office-automated systems to input data, generate reports, and respond to various requests.

Essential Duties and Responsibilities:

• Carry out month-end close procedures with a strong focus on ensuring a thorough and accurate analyses is performed with on time delivery.
• Create and maintain reconciliation schedules for Balance Sheet accounts and provide adequate supporting documentation.
• Review bank accounts daily for non-automated activity.
• Prepare cash transactions for posting by others and reconcile bank accounts at month-end.
• Prepare journal entries and maintain general ledger, maintain Fixed Asset system (FAS) and associated depreciation/amortization schedules.
• Prepares annual Tenant reconciliation reports for Property Management (CAM, Taxes, Insurance, etc.).
• Enters requested non-recurring tenant billings (billbacks, late fees, utility usage, etc.) for posting by others.
• Prepare, process, and enter bank deposits using banking and accounting websites for posting by others.
• Process Property Management requested tenant payment applications.
• Maintains construction WIP ledgers.
• Communicate with Property Management to resolve issues with past due or missing invoices as well as stale checks, providing status updates to Accounting Manager.
• Prepares quarterly financial reporting package for submission to lender as required by loan documents.
• Assist with annual budget compilation and accounting system (Yardi) input.

Minimum Requirements:

• Undergraduate degree in Accounting.
• Minimum GPA of 3.0 in accounting field of study courses.
• Proficient in MS Word and Excel
• Some experience with accounting systems preferred but not required.
• Possess analytical skills with particular attention to detail.
• Strong organization, oral and written communication skills.
• Demonstrate the ability to work with minimal supervision, manage multiple projects and deadlines.
• Broad understanding of accrual-based accounting and GAAP.
• Ability to review and analyze source data through ledger entry and make the determination for adjusting entries (e.g., depreciation, taxes, insurance, amortization, etc.).

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

• Ability to occasionally stand and walk for short periods of time.
• Ability to hear and talk frequently throughout the day.
• Ability to kneel, squat, stoop or bend to perform tasks.
• Reaches from floor level to overhead.
• Ability to bend forward at the lower back to perform tasks.
• Sits up to 8 hours per day (including lunch and breaks).
• Must occasionally lift and/or move up to 15 pounds.
• The noise level in the work environment is usually low.
• Minimal exposure to outside weather conditions.