Property Accountant Job Description

Property accountant specializes in handling the financial condition of real estate. They address financial requirements need to buy and sell real estate. The job responsibilities of a property accountant include managing the records of assets and funds, producing portfolios, drawing up the budget, setting accounts, and preparing statements. The professional needs to possess a bachelor’s degree in accounts and must have knowledge about a comprehensive overview of accounting theory and analysis. The job mainly focuses on property accounting like asset management, cost analysis, financial statement reporting, auditing techniques, federal regulation adherence, and managerial accounting.

Property Accountant Job Titles:

• Property Accountant
• Property Accountant (Part-Time)
• Residential Property Accountant
• Commercial Property Accountant
• Property Management accountant

Property Accountant Job Summary:

We are looking to hire a successful candidate who has a degree in finance, accounting, or related field. In the property accountant role, you will be responsible for overseeing the general ledger, handling various accounting tasks, running reports for the management monthly, and assisting with payroll. Few other duties to be performed by the candidate includes prepare journal entries, participate in month-end close and general ledger accounting reconciliation, reconcile a bank statement, work closely with account receivable and accounts payable and provide backup when needed, monitor aging reports and assist with an outstanding account, prepare a various report for management, assist with payroll and set up new employees in the payroll system and perform other duties as requested. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, and any other legally protected basis.

Property Accountant Responsibilities and Duties:

• Prepare journal entries and process account payable for cash receipts
• Monitor account and analyze operating expense and reconciliation
• Prepare the budget for rental income and manage operating expense
• Prepare monthly financial reports and analyze rent schedules
• Prepare a report for site-level analysis and provide support to accounting schedule
• Administer all lease process and evaluate all activities
• Ensure accuracy of data tenant ledgers and coordinate with the property manager
• Ensure compliance with all procedures and prepare annual budgets
• Review expense ledger and assist in recovery reconciliation
• Manage communication with the property manager and monitor all bills of tenants
• Ensure apt coding and prepare and update all general ledger
• Prepare financial packages for all portfolios and reconcile all balance sheet and income statement
• Supervise all accounting information and prepare all monthly financial statements

Property Accountant Skills and Qualification:

• Bachelor degree in accounting with experience in property management
• Must possess a minimum of 2 years of experience
• Punctual, reliable and must have strong communication skill
• Knowledge about MS office, excel, and Adobe Acrobat
• Able to work in a team and produce quality output under tight deadlines
• Strong verbal and oral communication skills
• Self-motivated and strong analytical skills
• Attention to detail, prioritization skill and time management
• Quick learner with a positive attitude
• Expert handling public accounting or commercial real estate firm
• Proficient with MS Office software and experience with Yardi and MRI
• Eligible to work in the US without sponsorship
• Strong work ethics with a high degree of honesty, integrity, and discretion

Categories Job Descriptions