The Quest Organization
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http://www.questorg.com
http://www.questorg.com
USD
110000
YEAR
true
Property Accounting Manager
The Property Accounting Manager handles oversight of financial transactions and reporting within Yardi, troubleshooting, and works independently on special projects.
Responsibilities:
Qualifications:
Property Accounting Manager
2815 West Roscoe Chicago, IL 60618 US
Posted: 02/01/2024
2024-02-01
2024-03-23
Industry: Senior Property Accountant
Job Number: 4794-1
Pay Rate: 110,000
Job Description
Property Accounting Manager
The Property Accounting Manager handles oversight of financial transactions and reporting within Yardi, troubleshooting, and works independently on special projects.
Responsibilities:
- Prepare and monitor account analysis, operating expenses, and reconciliations
- Prepare preview statements and distribute to bookkeeping to ensure accuracy of recurring charges and past due charges
- Calculate and record depreciation and amortization of fixed assets
- Prepare journal entries and process accounts payable
- Prepare monthly financial reports/statements and analyze rent schedules
- Record financial statements and prepare reports for site-level analysis
- Coordinate with property managers to ensure financial compliance with all procedures
- Evaluate and prepare annual budgets
- Review expense ledgers and assist in recovery reconciliations
- Assist with balance sheets and income statements reconciliations
- Ensures compliance with all loan and bond documents
- Assist with maintaining records of all account receivables
- Analyze property level balance sheets and cash flow statements
- Assist with all trustee bond accounts and maintain integrity of all data
- Participate in various acquisitions processes within required timeframe and ensure compliance to all internal controls and company policies
- Evaluate balance sheet accounts and evaluate property activities
- Provide support with the interpretation of complex documents for loans and agreements
- Ensure compliance with all client requirements and provides support to asset management
- Interface with building management and owner representatives on financial and operational issues
- Review and analyze lease documents and understands their impact on the financial statements
- Perform monthly capital commitment tracking and forecasting package
- Coordinate with auditors or tax departments to aid with and respond to inquiries in an effective and timely manner
- Partner with property teams to maximize synergy and quality financial information
- Research and assist with technical accounting issues as necessary
- Estimate the market value of assets
- Present reports regarding estimation and evaluation of assets to the executive team and owners
- Review the value of assets and work towards increasing their value
- Prepare monthly financial statements using MRI and Yardi Accounting software
- Prepare and reconcile balance sheet accounts and prepare supporting schedules
- Review general ledger accounts and record monthly closing journal entries
- Maintain depreciation schedules and capital expenditures
- Trains staff on Yardi software and company accounting procedures
- Conduct financial analysis and accounting for investment activity
- Assist with individual, trust, foundation, partnership and corporate accounting and tax preparation
Qualifications:
- Bachelor's degree in Accounting, Business Management, and Administration preferred
- 5+ years of property accounting experience
- CPA required
- Proficiency in Excel proficiency required
- Yardi experience preferred
- Strong written and verbal communication skills
- Strong management and supervisory skills
- Results-oriented and proactive
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