Summary: The Property Accountant performs accounting work of considerable complexity using Generally Accepted Accounting Principles. Responsibilities include property accounting, compliance reporting, analytics, budgeting, documentation, and auditing for LIHTC projects and Maiker entities. This is a hybrid role, with 2 days in the office per week.
The Property Accountant sets and meets goals and key performance indicators (KPIs) focused on accuracy and integrity of accounting data and transactions, analysis of ways to impact Maiker revenue growth or other financial goals, property petty cash audit, timely and accurate compliance reporting, and audit ratings.
Essential Job Duties are performed with strict adherence to Maiker standards, policies, and procedures, and to local, State and Federal laws and regulations. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Property Accounting and Compliance
Perform property accounting functions through accurate and timely completion of general ledger postings, tenant ledger adjustments, payment reversals and corrections
Adhere to the property month-end close process
Review monthly property financial income and expense activity for accuracy and reasonableness
Set up and monitor employee rental agreements with Community staff and Human Resources
Liaison with Community Managers to assist with financial and accounting problems and issues
Prepare and complete agency cash receipts (1st Bank)
Ensure Software and Accounting Compliance
- Unit Transfers and Unit mapping, maintain set aside tracking
- Review new move-in lease and Yardi charges with Compliance Manager
- Update GPR
- Reconcile all security deposit accounts
Prepare entries to book month end accruals, write-offs, re-classes, and corrections
Analyze property credits, sequential money orders, financial variances, and aged receivables
Provide general ledger, cost center revenue, and expense variance reporting in support of Maikers revenue growth and cost control strategies
Assist in the preparation of budgets
Assist in regulatory accounting compliance reporting and Board financial reporting
Perform monthly financial statement reporting
Audits
Assist with preparation of annual audit information
Perform annual Property petty cash audits
