Property Accountant

Atlantic Group; Connecticut; On-site; USD 65,000 - 90,000; Full time

Job summary

Atlantic Group is seeking a Real Estate Accountant to prepare financial statements and reports for real estate properties, process payables and receivables, and reconcile bank and property accounts.

The role requires a Bachelor’s degree in Accounting or related field, 1–3 years of accounting experience (real estate preferred), and proficiency with Yardi, MRI, or QuickBooks.

Qualifications

• Bachelor’s degree is required.
• 1–3 years of accounting experience (real estate accounting preferred, but not required).
• Basic knowledge of GAAP accrual concepts and real estate accounting principles.

Responsibilities

• Prepare financial statements and reports for real estate properties.
• Process accounts payable and accounts receivable transactions.
• Reconcile bank statements, general ledger accounts, and property accounts.
• Update supporting workpaper schedules detailing key financial statement line items.
• Maintain records for leases, rent payments, and property expense payments and accruals.
• Prepare and post journal entries related to real estate transactions.
• Assist with month-end, quarter-end and year-end closing procedures, including preparing and compiling financial statement support for auditors, tax preparers and lender reporting.

Skills

GAAP accrual concepts

Real estate accounting principles

Accounting

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

Yardi

MRI

QuickBooks

Job description

• Responsible for the preparation of financial statements and reports for real estate properties
• Process accounts payable and accounts receivable transactions
• Reconcile bank statements, general ledger accounts, and property accounts
• Update supporting workpaper schedules that detail out the key financial statement line items for financial statement preparation
• Maintain records for leases, rent payments, and property expense payments and accruals
• Prepare and post journal entries related to real estate transactions, including cash and accrual basis entries
• Assist with month-end, quarter-end and year-end closing procedures, including preparing and compiling financial statement support for auditors, tax preparers and lender reporting

Preferred Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field
• 1-3 years of accounting experience (prior experience in real estate accounting preferred, but not required)
• Basic knowledge of GAAP accrual concepts and real estate accounting principles
• Proficiency in real estate accounting software (e.g., Yardi, MRI, QuickBooks, or similar)