Senior Property Accountant

Job Description

Job Description

Job Title: Senior Property Accountant

Position Summary:

The Sr. Property Accountant reports to the Accounting Manager. Responsible for the preparation, reporting and analysis of financials for a portfolio of residential apartment properties under our third-party management.

A successful candidate will be comfortable in their expert knowledge and practiced fundamentals of accounting. We are seeking a candidate comfortable in an entrepreneurial and growth-oriented organization.

• Prepare monthly bank reconciliations
• Prepare monthly owner reporting packages
• Perform variance analysis, comparing budget to actuals
• Perform monthly, quarterly and year-end financial closings
• Review GL for proper GL classification of invoices
• Reviews, audits and corrects resident ledgers
• Prepare month-end reclasses, prepaid reclasses and accrual journal entries
• Accurate and timely monthly financial packages – many are due by the 15th to 20th for the prior month period
• Review GPR, Rent Rolls and AR
• Work in coordination with clients, client’s Controllers, client’s Asset Managers, Accounts Payable, Property Managers and Regional Property Managers
• Oversee weekly AP checks for all properties within the portfolio
• Prepare monthly cash forecast for owner distributions
• Ensure that monthly mortgage payments, quarterly taxes and property insurance payments are being paid on time and recorded appropriately.
• Reconcile and collected monthly management fees, driven by a percentage or revenue
• Work in collaboration with client level asset managers and their CPA's for tax filing preparations.
• Be a liaison between AP system, Property Managers and vendors for accounts payable / cash-flow issues
• Assist in the preparation of property reforecasts and annual budgets as needed
• Assist in the preparation of files and journal entries related to real estate transactions (e.g. acquisitions).
• Assists with onboarding new property accounts

Required Knowledge, Skills, and Abilities: This position requires a dynamic accounting professional who can work independently and as a team player, prioritize tasks, is highly organized, detailed oriented and comfortable handling shifting priorities. A successful candidate will demonstrate the ability to meet financial related deadlines and communicate orally and in writing concisely and effectively while delivering quality work in a fast-paced environment.

• A bachelor’s degree in accounting is preferred
• A minimum of 5+ years of general accounting or audit experience required with property accounting experience.
• Real Estate experience is required
• Yardi software experience is required
• Must demonstrate initiative and ability to take on projects that benefit the accounting department and our clients.
• Must be organized, concise, detailed, flexible, and efficient.
• Must possess strong interpersonal skills and an ability to work and communicate effectively with all levels of operations.
• Must possess the ability to take initiative to resolve problems and offer solutions in a professional manner.
• Must be a team player, able to work outside the core business hours when needed and willing to accept a variety of tasks associated with this position.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook) is required.
• Responsiveness is required. You will need to perform responsibilities with an acute sense of urgency to meet the needs of others; respond quickly to solve problems and be willing to accept a variety of tasks associated with this position.

Integrity - Demonstrate sound business ethics, maintain fiduciary responsible with a high level of trust and high moral standards, consistently comply with organizational values and protect all confidential information.

Communication - Ability to clearly express ideas; present verbal and written information in a straightforward manner, ask questions intended to open channels of communication; listen to understand the perspective of others.

Sparrow Management was founded in 2020 to provide quality property management and consulting services to real estate owners and developers, with tailored options specifically designed to meet the needs of smaller and mid-sized companies. We currently have approximately 2,500 units under third party management and are adding additional properties to our portfolio each year. Visit sparrowmanagement.com for more information!

Company Description

Sparrow Management was founded in 2020 to provide quality property management and consulting services to real estate owners and developers, with tailored options specifically designed to meet the needs of smaller and mid-sized companies. We currently have approximately 2,500 units under third party management and are adding additional properties to our portfolio each year. Visit sparrowmanagement.com for more information!