Property Accountant

Prometheus Real Estate Group; San Mateo (CA); Hybrid; USD 76,000 - 110,000; Full time

Benefits offered by this job

Hybrid Work Schedule

401(k) Matching

Tuition Reimbursement

Job summary

Prometheus Real Estate Group in San Mateo, CA, is seeking a Property Accountant to manage real estate accounting for operating and development properties. You will prepare monthly financial reports, analyze cash flows, and support management with budget processes.

The role entails month-end close, journal entries, and loan compliance tasks, with opportunities to assist tax workpapers and audit packages. Hybrid work arrangement offered.

Qualifications

• High school diploma or GED; bachelor's in accounting/finance preferred.
• Minimum of 4 years of relevant accounting experience; real estate accounting experience bonus.
• Experience with property management software (OneSite, Sage, Yardi) is a bonus.

Responsibilities

• Financial and reporting - Prepare and review property financial statements and related documents; participate in monthly financial reviews; prepare loan compliance reports and support budgets.
• Property accounting - Complete month-end close; maintain property records and reconciliations; prepare balance sheets and ensure proper ledger classifications.
• Audit/Tax/& Other Responsibilities - Provide year-end tax workpapers; assist with tax projections and fixed asset schedules.

Skills

Property accounting

GAAP knowledge

Data analysis

MS Office

Team collaboration

Education

High school diploma or GED

Bachelor's degree in accounting or finance preferred

Tools

OneSite

Sage

Yardi

Excel

Outlook

Job description

Founded in 1965, Prometheus is the largest privately held owner of apartments in the San Francisco Bay Area, with a portfolio of over 13,000 apartments in the Silicon Valley, Portland, and Seattle regions. We invest in real estate long-term and the focus on enduring quality drives every element of what we do - from our selection of locations to design decisions, reinvestments into our Neighborhoods and our operating strategy.

We are proud to be a Certified B Corporation, part of a group of companies that meets the highest standards for using business as a force for good. We have more than 500 Prometheans, and have a home office in San Mateo, with satellite offices in Portland, Oregon, and in the Bay Area. We are a vertically integrated company with four main core competencies in-house: acquisitions/investments, development, value-add renovations, and operations/property management. Prometheus has a long history of award-winning approaches to what we do, receiving over 100 awards for design and excellence including Fortune Magazine’s list of 100 Best Small & Medium Companies, the 100 Best Workplaces for Women and Best Places to Work in the Bay Area.

OUR PURPOSE

We are focused on Good Living for the Greater Good. This means providing a true sense of home and belonging for our Neighbors, Clients and Prometheans and giving our time and resources to bring positive change locally and beyond. It also means supporting you in your career goals with the very best working experience, and that starts with us having fun in the work we do together.

YOUR ROLE AND IMPACT

Prometheus is seeking a motivated individual to join our accounting team as a Property Accountant. TheProperty Accountant performs real estate accounting duties for operating and development properties including but not limited to maintenance and analysis of accounting records; preparing monthly financial reports and cash flow projections and other reports as required by management or owners.

• Financial and Reporting - Prepare and review property financial statements and related supporting documents to ensure the financial statements are correct and in conformity with GAAP; prepare a monthly financial summary analysis and participate in monthly financial review meetings, demonstrating an understanding of the financial results of the assigned portfolio; prepare loan compliance reports and assist with annual budgets.
• Property Accounting - Complete month-end close activities in accordance with monthly accounting close calendar and month-end review checklist, ensuring items are completed within defined deadlines and all journals are posted timely and accurately; Maintain accounting records for residential and commercial properties including recording journal entries, preparing financial statements, variance review and bank reconciliation; prepare balance sheet reconciliations and review trial balances to ensure all activity is properly classified in the property level general ledgers.
• Audit/Tax/& Other Responsibilities– Provide year-end compliance audit and/or tax return workpapers; assist the Tax Department in preparation of tax working papers, tax projections, audit packages, and fixed asset schedules.

JOB QUALIFICATIONS

The Property Accountant must possess the following knowledge, skills and abilities and be able to explain and demonstrate that they can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of knowledge, skills, and abilities:

• Education & Experience - High school diploma or general education degree (GED). Bachelor’s degree in accounting or finance preferred. Minimum of 4 years of relevant accounting experience; real estate accounting experience with use of property management software a bonus.
• Core Competencies - Strong working knowledge of issues, procedures and practices associated with property management, real estate, construction and partnership accounting.
• Technical Competencies -Must possess basic computational skills. Must be able to prepare and analyze data figures and transcriptions generated by a computer. Computer proficient in Windows, MS Office, Word, Excel, Outlook, OneSite; Hands-on experience with property management / job cost accounting system such as Sage, OneSite or Yardi preferred.
• Your Cultural Traits - Although we’re a highly dispersed organization by the nature of our business, our Prometheans are strongly united by our Purpose, Mission and our Cultural Traits. These are the defining characteristics of a Promethean: Team Oriented, Communicator, Entrepreneurial, Passionate, Self-Starter, Creative, Principled, and Brand Ambassador.

COMPENSATION AND BENEFITS

We offer a variety of benefits that take compensation well beyond a paycheck. This includes traditional benefits and benefits you might not expect or know about. The provided salary range is based on a number of factors, including location, job-related skills, experience and qualifications.

Compensation

• Pay Range: $76,000.00 to $110,000.00 per year
• Discretionary Annual Bonus Plan
• Medical; Vision; Dental:100% Company-paid plans (including eligible dependents) and affordable buy-up options
• Behavioral Health Program Accessible 24/7
• Tax-Free Flexible Spending Accounts
• 401(K) Retirement Plan with Employer Matching
• Recognition & Rewards Program (Torch)
• Vacation: 10 days per year with accrual increasing over time
• Anniversary Vacation: 40-hour Vacation Granted at Tenured Milestones
• Sick Leave: 9 days per year
• 12 paid holidays, including your birthday!
• Educational Assistance, Tuition Reimbursement
• Referral Bonus
• Hybrid Work Schedule

Learn more about these and other perks of being a Promethean by exploring our full Benefits Guide

Prometheus is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or any other status protected under federal, state or local law. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements.

If you'd like more information about your EEO rights as an applicant under Federal Employment Laws, please check out these FMLA , EEO , and EPPA pages.