Property Accountant

Pegasus Residential, LLC; Alpharetta (GA); Hybrid; USD 60,000 - 70,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Health insurance

Life insurance

Paid time off

Vision insurance

Work from home

Job summary

Pegasus Residential, LLC is seeking a Property Accountant to join our team in a hybrid role with a blend of office and remote work. The position focuses on accurate recording of lease charges, deposits, and receipts across property management systems while monitoring cash positions and coordinating wire transfers for financing and distributions.

The role requires a four-year degree in accounting or finance (CPA preferred) and real estate accounting experience.

Qualifications

• Four-year degree in Accounting or Finance, or equivalent combination of education and experience.
• We prefer at least two years of experience in real estate accounting.
• Proficiency in Microsoft Excel.
• Strong written and verbal communication skills.
• Strong attention to detail.
• Ability to multi-task to meet required deadlines without immediate supervision.
• Knowledge and understanding of GAAP.
• Experience with Real Page (OneSite) is preferred.

Responsibilities

• Serve as an accounting department liaison to our properties, working closely with the Community Managers to ensure lease charges, security deposits and receipts are properly recorded in the property management and accounting software.
• Monitor cash positions and notify the Controller of potential shortfalls or areas of concern.
• Initiate and record wire transfers for interest and escrow payments (mortgage/debt service), owner distributions, management fee payments, security deposit transfers, payroll and accounts payable funding.
• Calculate and record journal entries for depreciation, amortization, insurance, property taxes, interest, payroll, allowance for doubtful accounts (when used) and other miscellaneous items.
• Review operational accruals for reasonableness and record as appropriate.
• Reconcile bank accounts, balance sheet, security deposit, activity, and calculate the monthly cash true-up. Review income statement accounts for accuracy and reasonableness.
• Review or prepare monthly construction, renovation, bank, or replacements reserve draws to lenders. For construction draws, review development invoices to ensure they are properly coded and recorded in the development accounts.
• Maintain key analytical schedules and analysis such as utility cost and tenant reimbursements, unusual spikes or declines in any one general ledger line item.
• Monitor accounting processes and procedures to improve accuracy and efficiency to achieve departmental objectives.
• Prepare audit and tax workpaper files for preliminary and year-end field work. Provide requested supporting documentation.
• Support upper management in the completion of special projects, as needed.
• Must be able to meet predictable attendance, punctuality expectations, and physical demands of the position complying with Pegasus' policies and performance expectations.
• Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizations standards, and operational processes related to area(s) or responsibility and reporting violations or infractions to appropriate individual(s).

Skills

Accounting

GAAP

Communication skills

Attention to detail

Education

Bachelor's degree in Accounting or Finance

CPA (Preferred)

Tools

Microsoft Excel

Real Page (OneSite)

Job description

Job Category: Corporate Accounting/Finance

Requisition Number: PROPE009020

• Full-Time

Locations

Showing 1 location

Description

Property Accountant

Pay range: $60,000 - $70,000

Pegasus is growing and we are looking to bring on a Property Accountant to our team.

Are you more than just a bean counter?

Then, you have come to the right place! Are you looking for a career opportunity that provides a solid work/life balance while offering a hybrid office/work from home schedule? Do you need a flex work schedule? Our term is permitted to arrive between 7:30am and 9:00am and leave between 4:30pm and 6:00pm respectively.

Do you like a free lunch on month end close days? After ninety days of service, how does three weeks PTO and 11 paid holidays sound in your first year? Culturally, we are so much more.

Our accountants:

We have sports enthusiasts, runners, musicians, and double chancellors. We have a diverse team of family people, single people, every kind of happy people. You will find friends here.

At Pegasus Residential, our associates epitomize the word success! Out fast-paced company culture mixes challenges with excitement to create an environment of professionalism, engagement, and job growth opportunities seldom seen or experienced!

Key Responsibilities in your role as an Accountant:

• Serve as an accounting department liaison to our properties, working closely with the Community Managers to ensure lease charges, security deposits and receipts are properly recorded in the property management and accounting software.
• Monitor cash positions and notify the Controller of potential shortfalls or areas of concern.
• Initiate and record wire transfers for interest and escrow payments (mortgage/debt service), owner distributions, management fee payments, security deposit transfers, payroll and accounts payable funding.
• Calculate and record journal entries for depreciation, amortization, insurance, property taxes, interest, payroll, allowance for doubtful accounts (when used) and other miscellaneous items.
• Review operational accruals for reasonableness and record as appropriate.
• Reconcile bank accounts, balance sheet, security deposit, activity, and calculate the monthly cash true0up. Review income statement accounts for accuracy and reasonableness.
• Review or prepare monthly construction, renovation, bank, or replacements reserve draws to lenders. For construction draws, review development invoices to ensure they are properly coded and recorded in the development accounts.
• Maintain key analytical schedules and analysis such as utility cost and tenant reimbursements, unusual spikes or declines in any one general ledger line item.
• Monitor accounting processes and procedures to improve accuracy and efficiency to achieve departmental objectives.
• Prepare audit and tax workpaper files for preliminary and year-end field work. Provide requested supporting documentation.
• Support upper management in the completion of special projects, as needed.
• Must be able to meet predictable attendance, punctuality expectations, and physical demands of the position complying with Pegasus' policies and performance expectations.
• Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizations standards, and operational processes related to area(s) or responsibility and reporting violations or infractions to appropriate individual(s).

Education and Experience

• Four-year degree in Accounting or Finance, or equivalent combination of education and experience.
• We prefer at least two yeas of experience in real estate accounting
• Proficiency in use of Microsoft Excel
• Strong written and verbal communication skills
• Strong attention to detail
• Ability to multi-task to meet required deadlines without immediate supervision
• Knowledge and understanding of GAAP
• Experience with Real Page (OneSite) is preferred

Job Type: Full-time

Salary: $55,000.00 - $75,000.00 per year

• 401(k)
• 401(k) matching
• Health insurance
• Life insurance
• Paid time off
• Vision insurance
• Work from home

Physical setting:

• Office

Schedule:

• Monday to Friday

Ability to commute/relocate:

Experience:

• Accounting: 2 years (Preferred)

License/Certification:

• CPA (Preferred)

#INDHP

Qualifications

Education

Preferred

Bachelors or better in Accounting or related field.

Experience

Preferred

2 years:

2 years: Property Accountant

Equal Opportunity Employer
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