Job Title: Property Accountant
Company: Elev8 Residential
Location: Seattle, Washington
Job Type: Full-time
Salary: $60,000-$75,000 (depending on experience)
About Elev8 Residential:
At Elev8 Residential, we manage properties with a focus on personalized service, operational excellence, and resident satisfaction. With over 17 years of industry experience, we prioritize attention to detail, cost-effective solutions, and maintaining properties to the highest standards. We are currently seeking a skilled and dedicated Maintenance Supervisor to oversee the maintenance operations of our residential properties and ensure they are well-maintained, safe, and welcoming for residents.
Position Overview:
Elev8 Residential is seeking a Property Accountant to join our dynamic team. The Property Accountant plays a critical role in ensuring the financial health of our portfolio by managing accounting functions across multiple residential and commercial properties. The ideal candidate thrives in a fast-paced environment, demonstrates strong attention to detail, and is passionate about delivering accurate, timely, and insightful financial data to support our operations and strategic growth.
Key Responsibilities:
Property Accounting & Financial Reporting
- Prepare and maintain monthly, quarterly, and annual financial statements for assigned properties.
- Process journal entries, bank reconciliations, and general ledger adjustments in accordance with GAAP and company policies.
- Review and reconcile accounts payable (AP) and accounts receivable (AR) transactions.
- Manage tenant billing and collections, including rent charges, CAM fees, and late fees.
- Analyze variances in budget vs. actual performance and prepare detailed variance reports.
- Collaborate with property managers to ensure financial accuracy and address operational issues.
Budgeting & Forecasting
- Assist in preparing annual operating budgets and reforecasting for each property.
- Support the team in developing cash flow projections and financial modeling for new projects and acquisitions.
- Support external audits and respond to auditor inquiries
- Maintain organized documentation for all financial transactions
- Monitor capital expenditure projects and track project costs against budgets.
Compliance & Internal Controls
- Ensure compliance with state, local, and federal tax regulations, including property tax filings and 1099 reporting.
- Maintain internal control processes to safeguard assets and ensure data integrity.
- Support audit processes and provide necessary documentation and reports to external auditors.
System & Process Improvement
- Leverage property management software (such as Yardi, AppFolio, or MRI) and accounting tools to streamline processes.
- Identify opportunities for process improvements and implement best practices in accounting and financial operations.
- Assist in ad hoc projects and financial analysis requests as needed.
Lease Administration
- Interpret lease terms for financial implications (e.g., escalations, reimbursements)
- Calculate and process CAM (common area maintenance), real estate tax, and insurance reconciliations.
- Support lease audits and ensure compliance with lease provisions
Stakeholder Communication
- Provide financial insights to property managers, asset managers, and ownership groups
- Respond to inquiries from tenants, vendors, and internal departments
- Participate in cross-functional meetings to support strategic initiatives
Qualifications
- Bachelor’s or Associates degree in Accounting, Finance, or related field.
- 2–4 years of property accounting experience in a property management, real estate, or related industry.
- Strong understanding of GAAP, accrual accounting, and real estate accounting principles.
- Proficiency in property management accounting software (Yardi, AppFolio, MRI, or similar) is highly preferred.
- Advanced Excel skills and experience working with accounting systems.
- Exceptional attention to detail, organizational skills, and ability to manage multiple deadlines.
- Strong communication skills and ability to collaborate with cross-functional teams.
Why Join Elev8 Residential?
- Career Growth Opportunities: We value our team members and offer opportunities for advancement within the company.
- Competitive Compensation Package: Including health benefits, paid time off, and performance-based bonuses.
- Supportive Work Environment: Work in a collaborative team environment focused on providing the best for residents and property owners.
- Impactful Work: Play a key role in ensuring the safety, functionality, and satisfaction of our residential communities.
Elev8 Residential is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Pay: $60,000.00 - $75,000.00 per year
Benefits:
Work Location: Hybrid remote in Seattle, WA 98101
