Property Accountant

Job Description

Job Description

Senior Property Accountant

Manchester, CT - Hybrid

Contact: Brittany Rizzo / View email address on ziprecruiter.com

Reference ID : BR0013449193

Position Summary

Our client is adding to their team! The Property Accountant is responsible for managing the financial reporting and accounting functions for a portfolio of residential properties. This role ensures accurate financial records, timely reporting, compliance with accounting standards, and support for property management operations. The ideal candidate is detail-oriented, analytical, and experienced in real estate accounting practices.

Key Responsibilities

• Prepare and maintain monthly, quarterly, and annual financial statements for assigned properties.
• Perform month-end and year-end closing activities, including journal entries, account reconciliations, and accruals.
• Reconcile bank accounts, operating accounts, security deposits, and escrow accounts.
• Review and analyze property income, expenses, and variances against budgets and forecasts.
• Prepare and distribute owner, investor, and management financial reports.
• Assist with annual budgeting and periodic forecasting processes.
• Process tenant billings, rent adjustments, common area maintenance (CAM) reconciliations, and other lease-related accounting activities.
• Coordinate with property managers to ensure accurate recording of property transactions.
• Support accounts payable and accounts receivable functions as needed.
• Assist with audits, tax preparation, and compliance reporting.
• Maintain accurate fixed asset records and depreciation schedules.
• Ensure compliance with company policies, accounting standards, and regulatory requirements.
• Identify opportunities to improve accounting processes and internal controls.

• At least 3-5 years of accounting experience, preferably in property accounting or a related real estate environment.

• Hands-on experience with month-end close procedures and full-cycle general ledger accounting.

• Strong ability to prepare and review journal entries with a high level of accuracy.

• Proven experience completing account reconciliations and resolving discrepancies efficiently.

• Knowledge of bank reconciliation processes and cash balancing practices.

• Solid organizational skills with the ability to manage multiple priorities and meet reporting deadlines.

• Proficiency with accounting systems and spreadsheet tools used for financial analysis and reporting.