Property Accounting Manager

Vaco; Memphis (TN); On-site; USD 90,000 - 130,000; Full time

Job summary

Vaco is seeking a Property Accounting Manager to lead a team of property accountants across a portfolio of multifamily properties. You will supervise month-end close, ensure GAAP-compliant reporting, and maintain strong internal controls while partnering with property managers and senior leadership.

The ideal candidate has 5-7 years in property accounting, with 2+ years in supervision, and hands-on experience with Yardi, MRI, or RealPage. CPA preferred.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 5-7 years of experience in property accounting with at least 2 years in a supervisory/management role.
• Demonstrated experience overseeing multifamily property accounting, financial reporting, close processes, reconciliations, cash management, audits, and internal controls.

Responsibilities

• Supervise and mentor a team of property accountants.
• Conduct performance reviews and ensure training for team members.
• Coordinate work schedules and staff assignments to ensure timely completion of accounting tasks.
• Provide leadership in hiring and training within the accounting group.
• Act as primary accounting contact for property managers, regional leaders, asset managers, clients, and senior leadership.
• Support property management teams to resolve discrepancies and optimize financial performance.
• Oversee month-end and year-end close processes and ensure timely financial reporting.
• Manage cash operations including disbursements, deposits, and bank reconciliations.
• Develop and enforce internal controls to safeguard assets and data.

Skills

Financial reporting

GAAP

Leadership

Communication

Excel

Real estate accounting

Property management liaison

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Tools

Yardi

Entrata

MRI

RealPage

Job description

Position Overview:

The Property Accounting Manager is responsible for supervising a team of property accountants and overseeing the financial operations of a portfolio of multifamily properties, ensuring accurate accounting, financial reporting, and compliance with regulatory requirements. The role will work closely with property management teams, property owners and clients, and senior leadership to maintain effective financial controls and monthly closing processes. The Property Accounting Manager will also contribute to the overall success of the property accounting department.

Responsibilities:

• Supervise and mentor a team of property accountants, providing guidance on accounting processes, policies, and career development.
• Conduct performance reviews, provide feedback, and ensure appropriate training for team members to maintain high-performance standards.
• Coordinate work schedules and manage staff assignments to ensure timely completion of all accounting tasks.
• Provides leadership to the assigned area’s accounting group by interviewing, hiring, orienting, and training team members, and by managing their performance in accordance with the Company’s established policies and procedures.
• Serve as a primary accounting contact and financial business partner for property managers, regional leaders, asset managers, clients, and senior leadership within the assigned portfolio.
• Provide accounting support to property management teams to help resolve financial discrepancies, ensure accurate reporting, and optimize financial performance.
• Assess complex or unusual accounting transactions and determine appropriate treatment in accordance with GAAP, company policy, management agreements, and applicable property requirements.
• Perform detailed reviews of journal entries, general ledger activity, balance sheet and bank reconciliations, accruals, reclasses, financial statements, and other closing documentation.
• Provide accounting support and guidance on real estate transactions such as refinances, insurance claims, and capital improvement projects.
• Lead and oversee monthly and year-end close activities for assigned properties, ensuring financial statements and supporting schedules are accurate, complete, and delivered on time.
• oEnsures the timely completion and distribution of financial reports to clients and key business leaders, assists in resolving discrepancies and variances in actuals-to-budget, and responds to client requests, questions, and issues related to the on-going financial performance of properties within the assigned area.
• Oversee cash operations for assigned including cash disbursements, deposits, wire transfers, and bank reconciliations.
• Ensure efficient cash flow management to meet property-level operational needs, including tenant payments, vendor invoices, and debt obligations.
• Assist in developing and enforcing internal control procedures to ensure accurate financial data and safeguard company assets.
• Support audits by providing documentation and answering questions
• Stay current on industry best practices, accounting trends, and legal regulations affecting real estate accounting.
• Assist with initiatives to improve efficiency and accuracy in the property accounting processes, including the implementation of accounting software or system upgrades.
• Assist with the streamlining of workflows, automation of manual processes, and assist with the integration of new properties or portfolios into accounting systems.

Education & Experience:

Bachelor's degree in Accounting, Finance, or a related field (CPA preferred). Minimum of 5-7 years of experience in property accounting, with at least 2 years in a supervisory or management role. Demonstrated experience overseeing multifamily property accounting, financial reporting, close processes, reconciliations, cash management, audits, and internal controls.

Skills:

• oProven experience in financial reporting within a property management environment.
• oExperience with property management financial systems (e.g., Yardi, Entrata, MRI, RealPage) and accounting software.
• oExcellent communication and interpersonal skills to work effectively with internal and external stakeholders.
• oDetail-oriented, with the ability to manage multiple tasks and priorities in a fast-paced environment.
• oStrong knowledge of real estate accounting principles, property management systems, and GAAP.
• oLeadership capabilities and the ability to mentor and manage a team.
• oStrong decision-making, problem-solving, and analytical skills
• oProficiency in Microsoft Excel and other accounting tools.

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