Property Accountant

TITLE: Accountant - Property REPORTS TO: Associate Director of Accounting-Property Management DEPARTMENT: Accounting STATUS: Full-time FLSA STATUS: Exempt WAGE RANGE: $78,696 - $85,640 annually GRANT FUNDED: No UNION POSITION: Yes LOCATION: 145 Taylor Street, San Francisco CA 94102 SCHEDULE: Hybrid 3 days onsite; 2 days remote SUMMARY Under the direct supervision of the Associate Director of Property Accounting, the Property Accountant is responsible for full-cycle accounting of a portfolio of properties. This includes all rental transactions, month-end closing, general ledger account analysis, reconciling interfund accounts, reconciling bank accounts, performing internal audits, preparing audit schedules and other related accounting duties of the organization. ESSENTIAL DUTIES Financial Operations & Reporting * Perform full-cycle accounting for a portfolio of properties, including all revenue, expense, and general ledger activities * Prepare timely and accurate monthly, quarterly, and annual financial statements and variance analyses * Complete month-end and year-end close processes, ensuring adherence to established deadlines and reconciling schedules * Prepare and submit required financial reports to lenders, regulatory agencies, and other external stakeholders Accounts Receivable & Tenant Accounting * Oversee accounts receivable functions, including tenant billing, subsidy postings, and rent collections * Reconcile tenant sub-ledgers and ensure alignment with the general ledger * Review and post rent payments, including electronic and check-based transactions (e.g., Yardi Checkscan) * Monitor tenant accounts and aging reports; research and resolve discrepancies * Track resident move-outs and ensure accurate, timely processing of security deposit refunds in compliance with regulations Reconciliations & General Ledger Management * Prepare and review monthly bank reconciliations and resolve outstanding items * Reconcile all general ledger accounts, including intercompany/interfund accounts, on a monthly basis * Prepare and post journal entries with clear documentation and audit trails * Ensure financial data integrity across systems and reports Compliance, Controls & Audits * Ensure compliance with internal policies, procedures, and internal controls, as well as affordable housing regulations (e.g., LIHTC, HUD, or other applicable programs) * Perform periodic internal audits to assess accuracy and compliance * Prepare audit schedules and support external auditors during annual audits * Ensure internal financial statements align with audited financial statements Collaboration & Cross-Functional Support * Partner with Property Management and Leasing teams to ensure accurate rent rolls, occupancy data, and billing * Produce and present financial statements and other key reports to Housing Development team for new properties * Collaborate with Asset Management on financial performance, budgets, and operational insights * Provide financial data and support for grant reporting, lender compliance, and regulatory submissions * Serve as a key accounting liaison to Property Management and provide guidance or training on financial systems (e.g., Yardi) Cash Management & Analysis * Monitor property-level cash flow and ensure proper recording of intercompany transactions * Assist in identifying cash needs, funding requests, and operational variances * Support budget tracking and financial performance analysis * Other Responsibilities * Contribute to process improvements and system efficiencies within the accounting function * Maintain organized and complete financial records and documentation