ACCOUNTANT

Position Overview:

Accountant will be responsible for managing financial transactions, preparing financial statements, and ensuring compliance with accounting principles and real estate industry regulations. You will work closely with the finance team, property managers, and other departments to ensure accurate accounting and reporting for real estate properties, investments, and transactions. The ideal candidate will have a strong background in accounting, with experience in the real estate industry or property management.

Key Responsibilities:

• Financial Reporting: Prepare and maintain accurate financial statements, including balance sheets, income statements, and cash flow statements for multiple real estate properties or projects.
• Account Reconciliation: Reconcile bank statements, accounts payable, accounts receivable, and other general ledger accounts to ensure accuracy and compliance with financial policies.
• Property Accounting: Manage the day-to-day financial operations of real estate properties, including rent collections, lease management, property expenses, and monthly financial closings.
• Budgeting & Forecasting: Assist in the preparation of property budgets, forecasts, and financial plans. Monitor performance against budgets and provide recommendations to improve profitability.
• Tax Compliance: Ensure compliance with tax regulations, including preparation of property tax filings, sales tax, and any other taxes related to real estate transactions.
• Invoice Management: Review and process invoices, ensuring proper coding and approval in accordance with company policies. Maintain records of invoices and payments for auditing and reconciliation purposes.
• Lease Accounting: Track and record lease agreements, including rent payments, security deposits, and lease renewals. Ensure proper classification and treatment of lease-related transactions.
• Accounts Payable & Receivable: Manage the accounts payable and accounts receivable functions, ensuring timely payments and collections. Follow up on overdue payments and resolve discrepancies.
• Audit Support: Assist with internal and external audits by providing necessary documentation, explanations, and financial data.
• Financial Analysis: Perform financial analysis to identify trends, variances, and opportunities for cost-saving measures within property operations or real estate investments.
• Compliance & Regulations: Stay up to date with real estate accounting standards, industry regulations, and company policies to ensure compliance in all financial reporting and activities.

Qualifications:

• Bachelor’s degree in accounting, Finance, Business Administration, or related field. CPA or other relevant certifications preferred.
• Minimum 5 years of accounting experience, preferably in real estate or Construction Industry.
• Familiarity with real estate accounting practices, including property financials, lease accounting, and tax regulations.
• Experience with accounting software such as QuickBooks or similar platforms.
• Strong knowledge of accounting principles and financial reporting.
• Strong proficiency in Microsoft Excel (pivot tables, formulas, and financial analysis).
• Knowledge of real estate-specific accounting, including rent rolls, property taxes, and lease agreements.