Property Accountant

Gosnaphop; Newark (NJ); On-site; USD 90,000 - 105,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Retirement plan

Job summary

Addison Group in Bergen County, NJ seeks a Property Accountant for a direct hire role. You will manage property accounting functions, review financial documents, and work with field teams to resolve AR/AP issues.

The ideal candidate has a Bachelor's in Accounting with 3-5 years of property accounting experience, strong Excel and Yardi skills, and a proven ability to meet deadlines in a fast-paced environment.

Qualifications

• Bachelor's degree in Accounting.
• 3-5 years accounting experience (property accounting experience preferred).
• Experience with Yardi is firmly required.
• Proficiency in Excel required, Salesforce software experience a plus.
• Demonstrated problem solving and decision making skills.
• Ability to work in a fast paced environment and prioritize multiple high priority projects.
• Strong work ethic focused on meeting deadlines.

Responsibilities

• Maintain proper accounting functions for the assigned properties and review related documents.
• Monitor AR and AP aging, unapplied cash, bad debt allowance, cash flows and positions.
• Approve accounts payable in a timely manner and coordinate with field teams.
• Review tenant ledgers and CAM charges, perform reconciliations.
• Manage cash flow between properties and holding entities; reconcile investments.
• Prepare monthly and quarterly closing entries and reports for investors and lenders.
• Assist with year-end audits and liaise with CPAs as needed.

Skills

Problem solving

Time management

Prioritization

Work ethic

Education

Bachelor's degree in Accounting

Tools

Yardi

Excel

Salesforce

Job description

Role

Property Accountant

Location

Bergen County, NJ

Employment Type

Direct Hire

Rate

$90,000 - $105,000 / year

Benefits

This position is eligible for medical, dental, vision and retirement plan.

Essential Functions

• Maintain proper accounting functions for the assigned properties
  • Review and understand the organizational and financial documents and apply accounting and reporting requirements accurately
  • Monitor AR and AP aging, unapplied cash, bad debt allowance, debt service ratio, cash flows and cash positions, etc.
  • Approve accounts payable timely
  • Work closely with the field team to timely resolve receivable and payable issues
  • Review tenant ledgers in question
  • Review commercial lease charges, perform CAM reconciliations
  • Analyze activity in capital expenditure accounts. Apply for replacement reserve according to loan agreements.
• Maintain proper accounting functions for mid-tier holding entities and fund entities
  • Manage cash flow between properties and upper tier entities
  • Record contributions and distributions properly
  • Reconcile equity/investments
  • Update investment management fee calculations.
• Follow month end closing calendar
  • Prepare monthly centralized journal entries and supporting schedules for the assigned accounts and tasks
  • Review bank reconciliations and timely resolve bank reconciling items.
  • Maintain and reconcile all general ledger activities
  • Prepare monthly closing work paper packages independently
  • Investigate and resolve issues through communication with operations, finance teams and outside parties
  • Prepare monthly reports as needed, such as investor, lender
• Follow quarter end closing calendar
  • Prepare quarterly financial reports and supplemental schedules
  • Prepare lender reports, and other required quarterly reports.
• Perform year end responsibilities
  • Prepare required work papers at year end for annual audits
  • Respond to auditor’s questions
  • Prepare financial statements and footnote disclosures
  • Review tax returns prepared by CPAs as needed.
• Other
  • Apply strong working knowledge of GAAP in solving accounting issues
  • Understand the operating processes, identify areas for improvements and influence others to change
  • Complete ad hoc financial projects as required.
  • Assist in training of new and existing junior staff and interns.
  • Assist in reviewing of certain work papers

Qualifications

• Bachelor's degree in Accounting
• 3-5 years accounting experience (property accounting experience preferred).
• Experience with Yardi is firmly required.
• Proficiency in Excel required, Salesforce software experience a plus
• Demonstrated problem solving and decision making skills.
• Ability to work in a fast paced environment and prioritize multiple high priority projects.
• Strong work ethic focused on meeting deadlines.

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.

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