Elevation Property Management
Job Description
Title: Property Accountant
Level: Staff
Location: Corporate HQ
Reports to: Managing Director of Accounting
Status: Salary, Exempt
Position Summary:
Elevation Property Management's Property Accountant will lead with discipline and serve with kindness. This individual will fill a key role within the accounting team and support various aspects of finance and accounting for the company. The successful candidate will need to be effective and experienced in the general accounting function. The position requires solid accounting experience combined with strong analytical skills. The Property Accountant will help manage the budget, prepare monthly close-out reports, process invoices for payment, completing bank deposits, dispositions, and account reconciliations, and using the property management system to record, track, and report on all workings of the property. The candidate will need to possess strong organizational and problem-solving skills, work ethic, attention to detail, and ability to work with others. The candidate will fit well in an environment that rewards bright, self-starting, energetic, focused individuals with ever increasing responsibility and challenge. The ideal teammate will have the ability to be flexible, proactively communicate, have a natural curiosity to learn, exhibit a high degree of professionalism, and work well both in a team environment and independently.
Essential Job Functions:
- Record monthly revenues, expenses and activities for assigned portfolio of properties
- Review and analyze monthly, quarterly and annual financial statements and closings
- Perform monthly reconciliations and assist property managers with monthly close out processes while overseeing tenant ledgers & payables for accuracy
- Assist with year-end tax/audit process
- Reconciles monthly Accounts Receivable process and tracking
- Review resident ledgers for accuracy, as needed
- Meet with on-site staff weekly to track open payables
- Enter property invoices into accounting system
- Analysis and reporting of cost variances
- Provide monthly, quarterly, and year-end analyses
- Coordinate and assist with the budget process
- Manage balance sheets and profit/loss statements
- Report on the property's financial health and liquidity
- Audit financial transactions and documents
- Reinforce financial data confidentiality and conduct database backups when necessary
- Comply with financial policies and regulations
- Complete required Grace Hill courses as assigned by management.
- Must comply with all Fair Housing Regulations
- Completes various accounting, financial, administrative, and other reports and performs other duties as assigned as necessary
Education and Qualifications:
Required:
- Bachelor's Degree in Accounting
- Minimum 3 years of experience
- Intermediate to advanced knowledge in Excel
- Knowledge in Onesite or Yardi
- Experience with real estate/property management industry
- Demonstrated ability to read, write, and communicate effectively
- Experience with general ledger functions
- Strong attention to detail and good analytical skills
- Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP)
Organizational Responsibilities:
- Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizational standards, and operational processes related to property operations and reporting violations or infractions to appropriate individual(s)
- Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s)
- Identifies areas for improvement and offers suggestions to improve the efficiency, productivity, and profitability of the property
- Keeps abreast of new trends and changes in the industry and area(s) of responsibility by attending internal and external training classes, apartment association meetings, and other events and accessing other, information
Knowledge, Skills, & Abilities:
- Must be self-motivated, flexible, and a team player
- Must be kind, service-oriented, disciplined, and a leader
- Demonstrated ability to read, write, and communicate effectively to comprehend and complete legal documents, sell and explain apartment features, and answer questions about the property's operation
- Demonstrated proficiency in Internet, word processing, spreadsheet, and database management programs in order to complete required reports and employment documents. Strong proficiency in using property management software (One Site)
- Demonstrated mathematical skills necessary to add, subtract, multiply, and divide numbers, decimals, and fractions, and calculate percent in order to complete financial records, budgets, and other fiscal reporting information
- Demonstrated understanding of property operations and lease terms, and lease enforcement, including collections
- Employment history that demonstrates the application of property management, sales, marketing, and customer service background sufficient to assist in managing the day-today operation of an apartment community, resolve customer complaints and issues, complete financial records, documents, and reports, increase sales revenues, and coordinate the word of a team
- An innovative and solutions-oriented thinker with great organizational skills
Interpersonal Relationships
- Communicate by telephone, e-mail, and in-person discussions. They also write letters and memos, but less often.
- Have a high level of social contact.
- Usually work as part of a team
- Substantially responsible for the work outcomes and results of their staff.
- Sometimes deal with conflicts among staff or with upset customers.
Work Performance
- Must be sure that all details are done and their work is exact. Late or unfinished projects could create problems for the company's success.
- Repeat the same mental activities.
- Make decisions that affect employees and their organization's reputation.
- Set most of their daily tasks and goals without speaking to a superior first.
- Must meet daily and weekly schedules.
Work environment: The work characteristics described represent those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to perform complex tasks requiring independent knowledge and its application to non-routine situations.
Nearly; always work indoors.
The noise level in the work environment is usually quiet. May, on occasion, be exposed to loud sounds and distracting noise levels, such as from office equipment.
Physical demands: The physical demands described represent those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- While performing the duties of this job, the employee is frequently required to sit and talk or hear, use hands to finger, grasp, handle, feel or operate objects, tools or controls.
- The employee is occasionally required to climb, balance, stoop, kneel, crouch, reach with hands and arms, walk, lift, push or pull objects up to 20 pounds.
- Hand-eye coordination necessary to operate computers and various pieces of office equipment. Specific vision abilities required include close vision and the ability to adjust focus.
Hours/Travel
- Usually work a standard 40-50 hour week.
