Job Description

Property Staff Accountant-Property Management

Job Description

JOB SUMMARY:

The Property Accountant reports to the Controller and will be responsible for maintaining accurate financial accounting reports for the assigned properties.

This position will support and work with all levels of Associates throughout IVC Titan in ensuring their needs are met to support the investors, associates, and partners.

ESSENTIAL DUTIES:

· Create monthly financial reports for properties

· Create and post monthly journal entries and accruals

· Review and post year-end tax adjustments

· Post bi-weekly payroll entries for properties

· Post monthly debt service payments for properties

· Assist RM’s with income and expense reclasses as needed

· Prepare bank reconciliations and assist with research items

· Assist in the cash management and bill payment selection for the properties.

· Reconcile loan activity on a Monthly basis

· Prepare Replacement reserve withdrawal request

· Assist in accounting and reporting for property renovation programs including unit renovations

· Assist IMs, RM’s and properties with accounting inquiries

· Prepare Monthly Owner’s Reports for investor reporting

KNOWLEDGE/EXPERIENCE REQUIRED OF THE POSITION:

• Organizational, quantitative and problem solving skills
• Attention to detail
• Understanding of accounting rules
• Interpersonal skills
• Ability to approach problems both logically and creatively
• Verbal and written communication skills
• Ability to meet deadlines
• Ability to perform multiple assignments without immediate supervision is necessary

EDUCATION AND EXPERIENCE REQUIRED:

• Four year degree in accounting
• At least two years of experience in real estate property management accounting
• Experience with OneSite property software helpful but not required.

SUPERVISORY RESPONSIBILITY:

• NA

SUPERVISORY CONTROLS:

· The Property Accountant reports to the Controller.

· While the position reports to the Controller, IVC Titan utilizes a team approach and other team members will be assisting in the training and instruction.

· The Property Staff Accountant plans and carries out the successive steps of regular duties and handles problems and deviations in the work assignment in accordance with objectives, policies, previous training, or company practices.

GUIDELINES:

· Procedures for doing the work have been established through experience, policies and procedures, previous training, and supervisor instructions.

· The Property Accountant uses judgment in applying the procedures and knowledge to specific tasks. At this level, the associate may also determine which of several established alternatives to use. Situations to known guidelines cannot be applied or significant proposed deviations from the guidelines are referred to the supervisor.

KNOWLEDGE/EXPERIENCE REQUIRED OF THE POSITION:

• Organizational, quantitative and problem solving skills
• Attention to detail
• Understanding of accounting rules
• Interpersonal skills
• Ability to approach problems both logically and creatively
• Verbal and written communication skills
• Ability to meet deadlines
• Ability to perform multiple assignments without immediate supervision is necessary

EDUCATION AND EXPERIENCE REQUIRED:

• Four year degree in accounting
• At least two years of experience in real estate property management accounting
• Experience with OneSite property software helpful but not required.

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