Property Accountant

This is a hybrid position , requiring the ability to work on-site while offering flexibility to work from home. The standard schedule is typically three days in the office and two days remote , though this may vary based on business needs. Please note, this role is not eligible for fully remote work . The qualified candidate must either already live within the area or be prepared to relocate on their own to the area. We do not provide relocation assistance. 

Who We Are
11Residential is a property management company specializing in residential multifamily properties in the Western United States. Our mission is to provide a quality living environment that enriches the lives of our residents. We firmly believe that when employees feel valued, our communities prosper. Guided by our foundational principles of integrity, compassion, teamwork, inclusion, growth, and customer service, we are dedicated to fostering an engaging and supportive workplace culture. 

We are interested in finding talented individuals who are driven and empowered to become successful as they help build comfortable and welcoming communities. Throughout our company, you will find the guidance and support needed to inspire and challenge you to achieve success. Come join Team 11 in shaping exceptional living spaces for all! 

Discover more at about us and our communities at 11residential.com. 

Position Summary  
As the Property Accountant, you will be responsible for the accounting activities of multi-family real estate properties including maintaining vendor accounts, accurate recording of transactions, the preparation of monthly financials and portfolio reporting packages. You will also be responsible for the communication of accounting information to the appropriate management and on-site teams. The ideal candidate will provide quality customer service to internal and external customers. 

What you'll be doing

• Ensure the completeness and accuracy of all month-end accounting and reporting procedures.
• Prepare and review monthly financial reports in a timely and accurate manner.
• Review financial results with management and regional staff.
• Reconcile bank statements.
• Maintain accurate cash balances and process payables accordingly.
• Review the general ledger for appropriate account usage, expense accruals and revenue recognition.
• Monitor all activity related to loan documents, including debt service and escrow funding/usage.
• Prepare quarterly Replacement Reserve Draws for Lenders.
• Prepare monthly financial statements and monthly cash flow projections for both internal and external users.
• Assist in any audits required by the business.
• Assist in the development of annual budgets and reforecasts.

Education and Qualifications

• At least 2 years of experience in property accounting is preferred, or in a comparable role requiring similar skills and knowledge.
• A bachelor’s degree in accounting, finance, or a related field is preferred.
• Proficiency with MS Office suite including a strong ability to utilize Excel to analyze, report, and ensure the accuracy of financial data is required.
• Experience with property management software, specifically Yardi, is a plus.
• Demonstrated critical thinking and problem solving abilities in a fast-paced, dynamic environment.
• Must possess excellent attention to detail, great organizational skills, and the ability to effectively prioritize tasks while ensuring accuracy.
• Be able to effectively communicate, verbally and in writing, to various users who may have limited accounting knowledge.
• Ability to work both independently and within a team environment.
• We seek a high level of integrity and compassion with an emphasis on teamwork, inclusion, growth, and customer service.

Compensation  

• The base compensation range for this position is $78,000 to $85,000 annually . 
• In addition to the base pay, this role offers an exciting opportunity for a performance-driven bonus.
• Exact compensation may vary based on skills, experience, and location. 

Benefits  

• Medical, dental, and vision insurance coverages. 
• Health savings account. 
• 401(k) with a 4% company match. 
• 30% Employee Rental Discount. 
• Education Reimbursement Program.
• Paid Time Off – Vacation, Sick, Paid Holidays, Health & Wellness Day, and Service Day. 
• Exciting growth and development opportunities. 

Physical Requirements  
To successfully perform the essential functions of this job, the employee must be able to: 

• Perform work in a professional office environment.
• Must be able to use standard office equipment such as computers, phones, photocopiers, and fax machines.
• Regularly required to sit, and to move about the various work environments to train, monitor and ensure compliance with all company requirements.
• Verbally communicate with employees, co-workers and customers in person and by phone.
• Occasional travel to various worksites that may require overnight stays, flights, and/or prolonged travel in a vehicle.

The above statements are intended to describe the general nature and level of requirements for the work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.  

EEO Statement  
11Residential is committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment. 

You must be able to pass a criminal background check and a drug test.