Property Accountant

Company: Prime Group
Location: Los Angeles
Posted on: February 23, 2021

Job Description:

We are Prime Group Residential, one of the largest private owners of high-quality, multifamily rental communities in the United States. We've achieved success by creating value through disciplined acquisitions, sensible capital structures, appropriate reinvestment, and superior management. Our current portfolio contains approximately 16,000 units located throughout California, Nevada, Oregon, and Washington. Prime Residential maintains a strong internal management capacity to maximize investment success.We are seeking an experienced Property Accountant for our Los Angeles office.The Property Accountant has responsibilities that include but are not limited to assisting the Sr. Accountant with the preparation of financial reports for multiple entities and related detailed management account analysis on an accrual basis accounting. The Property Accountant must maintain the integrity of the financial reporting and follow the GAAP and SEC policy.--In addition, the Property Accountant works closely with the Sr. Accountant as a team to aid corporate, regional, and on-site personnel.Responsibilities include, but are not limited to:Daily/Monthly Responsibilities:Cash management review of multiple entities (includes but not limited to reviewing credit card receipts,daily posting of rental receipts in RealPage and maintaining a positive cash balance)Preparing property deposits and posting them to the general ledgerNSF retrieval from CEO and forwarding to Community ManagersPositive Pay submissions to Wells FargoResponsible for submitting stop payment as neededReconciliation of Pcard receipts and ensuring that everyone submits through the Pcard receipts email. Review to make sure that all transactions are valid and has the correct GL codeReconciliation of payroll transactions from the GL to the labor distributionsPerforms month-end close process in OneSite Leasing and Rents - Includes reviewing all month-end reports to ensure they reconcile with the general ledger balancesMonthly update of loan information scheduleProvides assistance to operations, applying financial principles and accounting best practicesPrepares special report/projects by analyzing variances, preparing budgets and forecastsResponds to financial inquiries by gathering, analyzing, summarizing, and interpreting dataQuarterly/Annual Responsibilities as directed by the manager:Quarterly update of Operating Performance Report for assigned portfolio, utility deposit, and replacement reserve draw reports.Quarterly accrual of Capital Rehab Fees (supervision fees)Ensures the timely payment of property taxes, liability insurance, and other business tax and license renewal payments and updating property tax tracking reportPrepare the quarterly reserve draw submissions, obtain final approval by the Controller and/or Asst. Controller and submits to the lenderPreparation of monthly financial statements:General Ledger analysis, analyzing and investigating variances and trends. (Includes reviewing all transactions and ensure accuracy of GL coding and making necessary corrections as needed).Records all monthly accruals - Accruals that are submitted from operations need to be reviewed and analyzed for accuracy.Reviews all reclassification entries provided by the Community Managers and responsible for booking transactions to the accounting systemBalance sheet account reconciliations which include but not limited to monthly escrow account reconciliations, delinquent and prepaid accounts, intercompany accounts, and other balance sheet accountsRecords loan draws and replacement reserve reimbursementsReconciliation of insurance claim reimbursements and disbursementsJoin our Team!We are a progressive, growth-oriented organization with a genuinely enjoyable work environment. We focus on achieving high-quality standards and maintaining fiscally responsible objectives. Through training and career development, we develop outstanding people and promote growth within our organization.We offer a competitive salary and exceptional benefits:Comprehensive medical, dental, vision, and RX401k planLife InsurancePet InsuranceFSAPaid holidays, personal days, and vacation daysHousing discount and much more!Qualifications:Multi-Family experience is requiredProblem Solving - the individual identifies and resolves problems in a timely manner, gathers and analyzes information skillfully, and maintains confidentiality.Interpersonal Skills - the individual maintains confidentiality, remains open to others' ideas, and exhibits willingness to try new things.Oral Communication - the individual speaks clearly and persuasively in positive or negative situations and demonstrates group presentation skills.Written Communication - the individual edits work for spelling and grammar, presents numerical data effectively, and can read and interpret written information.Planning/Organizing - the individual demonstrates accuracy and thoroughness and monitors their own work to ensure quality.Adaptability - the individual adapts to changes in the work environment, manages competing demands, and can deal with frequent change, delays, or unexpected events.Dependability - the individual is consistently at work and on time, follows instructions, responds to management direction, and solicits feedback to improve performance.Safety and Security - the individual observes safety and security procedures and uses equipment and materials properly.Computer Literacy - the individual has proven skills in Microsoft Office to include Word and Excel.Multi-Tasking - the individual is able to prioritize, work independently, and multi-task with comfort and efficiency.Successful completion of a background check and drug test is required for all associates.We are an Equal Opportunity Employer.CA Employee Privacy Notice https://www.primegrp.com/ccpa-info-current-and-prospective-employees/Although the use of marijuana is legal in some states, we maintain a drug-free workplace, and pre-employment drug testing is performed as a part of our pre-screening process.

Keywords: Prime Group, Los Angeles , Property Accountant, Accounting, Auditing , Los Angeles, California