Client Accountant

Description

• Ensure timely payment of mortgages and property taxes.
• Review or post the monthly posting of the Rent Roll by property management. Ensure that changes from the prior month’s Rent Roll are reasonable, e.g., current month move-in’s or move-out’s, rent steps, etc.
• Review and/or prepare bank reconciliations each month for all bank accounts assigned.
• Review financial statements and all monthly reports confirming that all supporting schedules tie to the financial reports. Submit monthly financial report package to the accounting manager for review.
• Perform or assume additional client accounting duties as assigned.
• Prepare monthly rent-up reports to send to the property manager for review. Post rent-ups after the property manager sends approvals. Make corrections/adjustments on tenant ledger as directed.
• Prepare calculation for owner distribution based on owner requirements and time schedule. Initiate monthly owner distribution as set forth in the Property Management Agreement.
• Assist in review of prior year CAM, real estate tax escalation reconciliations and answering questions from Auditors as needed.
• Review all tenant billings and adjustments according to information provided by the Property Manager (PM). Submit Commercial Management (CM) batches for review and posting.
• Review the general ledger and income statement for any additional adjusting entries. Contact the PM to confirm the entries then book the entries.
• Review and revise all supporting schedules with monthly charges as required by the Owner. Ensure sub ledgers and supporting schedules tie to the general ledger.
• Monitor property bank account cash balances.
• Review and approve all large accounts payable disbursement items (e.g., Weekly A/P batches). Submit weekly Open A/P report for weekly check-run processing.
• Calculate the monthly Management Fee and/or Incentive Management Fee due Transwestern, including all required documents for backup.
• Communicate effectively with clients, internal and external auditors, tax preparers and team members as required.
• Review aged delinquency report for any adjustments, credits that need to be applied to open charges, and ensure that cash receipts have been properly applied to each tenants’ account.
• Review and post cash receipt batches entered by Client Accounting Associate. Maintain property cash balances.
• Calculate and file sales tax.
• Maintain scanned copies of monthly financial reporting packages, bank statements and reconciliations. Load all required documents into OneSpace.

Requirements

• Working knowledge of the escalation and operating expense budgeting and settlement process, including the calculation of “gross-ups”, and may participate/assist in the preparation of the actual settlement schedules.
• Ability to keep information and internal communications confidential.
• Must be able to remain in a stationary position 50% or more of the time/constantly operate a computer and other office productivity machinery (ex. a calculator, copy machine, computer printer) or, by request, be provided reasonable accommodations to perform the essential functions of the position.
• Ability to provide efficient, timely, reliable and courteous service to internal and external customers.
• Proficiency with Microsoft Word, Excel and Adobe.
• Demonstrate strong analytical capabilities with a high attention to detail.
• Working knowledge of the budget reporting requirements of each Owner and participate/assist in the preparation of the annual budget with members of property management.
• Working knowledge of financial terms and principles including knowledge of current accounting methods (cash and basic accruals). Ability to apply generally accepted accounting principles (GAAP).
• Ability to handle multiple projects, changing priorities and demanding, time-sensitive, work load(s).
• Applicable experience in real estate accounting software, preferably with MRI and/or Yardi.
• A minimum of 2-3 years of recent fee-based property management accounting experience.
• Exhibit excellent verbal and written communication skills.
• Ability to receive general work supervision/be self-managed/work independently.
• A bachelor's degree with emphasis in accounting, finance or related field preferred.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance