Senior Property Accountant - Multifamily

Job Description

Job Description

ROLE OVERVIEW

The Senior Property Accountant - Multifamily position is primarily responsible for the processing of multiple multifamily accounting entities, including CAM calculations.

Principal Accountabilities and Essential Job Functions:

1. Responsible for the preparation of multiple property financial statement packages, including CAM estimate and actual calculations.
2. Monthly review of multiple multifamily asset financial statements. Due dates range from the 4th business day through the 25th of each month; 25% of F/S reviewed every month is shared with the CFO.
3. Prepare monthly financial statement packages for several multifamily asset entities. Specific responsibilities include:
   • Posting of cash receipts
   • Input lease abstracts
   • Process move-outs and security deposit refunds
   • Process rent rolls and delinquency reports
   • Review A/P coding and descriptions
   • Bank reconciliations
   • Monthly Property Management Fee calculations
   • CAM set up and calculations
4. Handle general accounting: review A/P Prelim report for coding and description accuracy, G/L account analysis, journal entries, bank rec, management fee calculations, reconciliation of scheduled rent to actual rent billed, amortization and depreciation schedules if required.
5. Maintain cash records for each property and perform cash management functions. Daily interface with property and regional managers. Work closely with other commercial property accountant team members and our A/P Specialists.
6. CAM reconciliations are done using a variety of methods: primary in MRI and in Excel.
7. Maintain property files including insurance, property tax and mortgage documentation on Excel for prepaid, accrued and amortization.
8. Other duties as assigned.

QUALIFICATIONS

Professional Experience

• A minimum of five years of previous accounting experience. Knowledge of property accounting and lease analysis. Solid understanding of Common Area Maintenance (CAM - recoveries/billbacks) calculations.

Skills/Competencies

• Language Ability: Strong oral and written communication skills.
• Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
• Computer Skills: Must have excellent computer skills including strong knowledge of Microsoft Office including Outlook, Word and Excel. Yardi and MRI experience preferred, other property management software packages helpful.
• Mathematical Skills: Strong mathematical skills required. Ability to calculate figures and amounts such as discounts, interest, bonuses, proportions, percentages. Ability to apply concepts such as fractions, percentages, and proportions to practical situations. Basic accounting principles.

Education

• Bachelor’s degree in accounting required.

COMPENSATION, BENEFITS & PERKS

BENEFITS & PERKS

Generous Health Benefits

We provide medical, dental, and vision plans with options for flexible spending accounts (FSA) and health savings accounts (HSA).

Flexible Vacation & Time Off

Rest and Recharge with a generous PTO plan and 10 company holidays, in addition to your standard Sick time.

Personal & Mental Wellbeing

We provide all of our employees with access to our Employee Assistance Program (EAP) to help support our team that needs additional support outside of the office.

Financial wellness

We provide 401K retirement plans for employees as well as guaranteed life insurance and short- and long-term disability coverage. We will match up to a discretionary 10% of the employee contributions, subject to change.

Extra work/life benefits

We provide a number of additional perks for employees, like monthly stipends for mobile plans and Commuter Assistance.

Dynamic, Collaborative, and Engaging Culture

As one of the premier property management firms in North California, we’re constantly communicating, creating, and advocating for new ways to work together and do business. We believe our jobs are made better when everyone operates with transparency, integrity, excellence and works as a team to support each other and the overall goals of the organization.

COMPENSATION

Woodmont Real Estate Services has detailed the expected annual base salary for this role to be $100,000-$115,000 annually.

This does not include any other potential components of the compensation package, including equity, benefits, and perks outlined above. At the launch of each position, we benchmark compensation to the appropriate role and level utilizing competitive compensation data from various data sources as references. At the offer stage, we use the signal we received from our interviews coupled with your experience, location, and other job-related factors to determine final compensation.

ABOUT US

Woodmont Real Estate Services is a premier asset and property management company, we're proud to offer Northern California over 50 years' experience managing a diverse portfolio of commercial and multifamily properties. We're renowned for our hands-on management approach, marketing know-how and in-depth knowledge of submarkets throughout the region. It's what's allowed us to create unique strategies that are truly custom to each property.

All are welcome here. We respect and honor differences in gender, race, age, faith, ethnicity, sexual orientation, and gender identity. Because we all thrive when our differences are valued.

Values: Integrity, Excellence, Respect, Loyalty, Diligence, Teamwork

EQUAL OPPORTUNITY EMPLOYER

Woodmont Real Estate Services is proud to be an equal-opportunity employer. We provide employment opportunities regardless of age, race, color, ancestry, national origin, religion, disability, sex, gender identity or expression, sexual orientation, veteran status, or any other protected class. Each individual at Woodmont Real Estate brings their own perspectives, work experiences, lifestyles, and cultures with them, and we believe that a more diverse team creates more innovative products, provides better services to customers, and helps us all grow and learn.

Woodmont is an E-Verify employer and will provide your Form I-9 information to the authorized government agency to confirm that you are authorized to work in the U.S. For more information, please visit E-Verify.