Property Accountant

CRM Residential; Pleasantville (NJ); On-site; USD 65,000 - 90,000; Full time

Job summary

CRM Residential is seeking a Property Accountant to manage day-to-day accounting for investment property entities. You will prepare monthly GAAP financial statements, perform reconciliations, and oversee asset records with a focus on accuracy and timely reporting.

The role requires a bachelor's degree in accounting and 3+ years of accounting experience, with real estate exposure preferred. Strong communication and analytical skills are essential, and collaboration with the Controller and CFO is

Qualifications

• Bachelor's degree in accounting required.
• 3+ years of accounting experience required.
• Real estate experience preferred.

Responsibilities

• Prepare monthly bank reconciliations.
• Record monthly adjusting and accrual entries.
• Update fixed asset system for additions and disposals and record depreciation.
• Monitor cash balances and recommend capital calls and distributions to investors.
• Prepare monthly GAAP financial statement analysis with variance reporting.
• Compile monthly financial statement package with supporting documentation.
• Distribute financials to lenders/owners.
• Attend owner meetings as necessary.
• Assist in annual audit and tax return preparation.
• Assist in annual budget preparation.
• Record electronic payments.
• Additional duties as assigned by management.

Skills

Analytical thinking

Communication skills

Work ethic

Education

Bachelor's degree in accounting

Tools

Fixed asset system

Job description

PROPERTY ACCOUNTANT

JOB DESCRIPTION

Basic Function

Under the direction of the Controller and CFO, the Property Accountant is responsible for the day-to-day accounting functions required to produce monthly GAAP financial statements for properties owned by investment funds or in other joint venture structures. Accuracy and timeliness in the completion of the workload is required in this position. Strong communication skills, good work ethic, analytical thinking, a bachelor's degree in accounting and at least 3 years of experience are required and experience in the real estate field is preferred.

Duties Include

Financial Reporting

• Prepare monthly bank reconciliations
• Record monthly adjusting and accrual entries
• Update fixed asset system for additions and disposals and record monthly depreciation/amortization
• Monitor cash balances and recommend capital calls and distributions from/to investors
• Prepare monthly financial statement analysis according to GAAP with variance reporting
• Compile monthly financial statement package with required supporting documentation
• Distribute financials to lenders/owners
• Attend owner meetings, as necessary
• Assist in the annual audit and tax return preparation
• Assist in annual budget preparation
• Record electronic payments
• Additional duties as assigned by management

Requirements

• 2-3 years of accounting experience