Property Accountant

Job Description

Job Description

We are looking for a dedicated Property Accountant to join our team in Midland, Texas. This role involves overseeing the financial operations of real estate properties, ensuring accurate accounting, and compliance with industry standards. The ideal candidate will have a strong background in property accounting and a proven ability to manage financial processes efficiently.

Responsibilities :

• Manage all accounting activities related to assigned properties, including accounts payable and receivable, general ledger maintenance, and bank reconciliations.
• Prepare and analyze financial statements, budgets, and variance reports to ensure accuracy and compliance.
• Oversee month-end and year-end closing processes, including accruals and journal entries.
• Maintain and update records in property management software such as Yardi, ensuring data integrity and accuracy.
• Monitor and manage cash flow, including rent collections and timely payments to vendors.
• Collaborate with property managers and other departments to provide financial insights and resolve discrepancies.
• Ensure compliance with all tax regulations, including preparing and submitting necessary filings.
• Assist in audits by providing required documentation and explanations related to property financials.
• Continuously identify opportunities to improve accounting processes and implement best practices.
• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 3 years of experience in property accounting or a similar role.
• Proficiency in property management software such as Yardi, with the ability to quickly learn new systems.
• Strong knowledge of accrual accounting principles and general ledger management.
• Experience in preparing financial statements, budgets, and variance analyses.
• Exceptional organizational skills and attention to detail, with the ability to manage multiple tasks effectively.
• Excellent communication and interpersonal skills for collaborating with various stakeholders.
• Proficiency in Microsoft Office Suite, particularly Excel, for financial analysis and reporting.