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Property Accountant in Boston, MA at Accounting Now

Date Posted: 10/4/2018

Job Snapshot

  • Employee Type:
  • Location:
    Boston, MA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Property Accountant

Our client currently has a great opportunity available for a Property Accountant. The Property Accountant is responsible for preparing, processing, reviewing and evaluating financial transactions for an assigned portfolio of clients. The Property Accountant is to ensure the accuracy of all financial data. The Property Accountant will work with the Controller and VP of Finance on various corporate accounting monthly tasks.

Essential Functions:

General Ledger/Financial Reporting

  • Prepares monthly accounting package for each property, including full balance sheet reconciliations.
  • Prepares and records each property's journal entries.
  • Responsible for recording each property's monthly GL reclassifications reports.
  • Reconciles each property's bank statements, for all bank accounts, on a monthly basis and researches and corrects all reconciling items.
  • Edits each property's recurring monthly journal entries in accordance with the property's financial plan as needed.
  • Reconciles Escrows and Replacement Reserve Accounts monthly.
  • Monthly accruals for each property.
  • Reconciliation of investment statements.

Audit Process

  • Prepares the audit work paper package for each assigned property, consisting of information relative to each balance sheet account, and income or expense account.
  • Assists in all preliminary fieldwork completed by auditors.
  • Enters any audit adjustments into MRI and ties out Equity.

Accounts Payable

  • Prepares each property's management fee monthly, and reconciles these payments monthly.
  • Prepares each property's mortgage PA monthly according to the property's amortization schedule or monthly statement.
  • Responsible for preparing the Real Estate taxes PA for each property after receipt of the real estate tax bills from the city, town or mortgage company.

Accounts Receivable

  • Compares the accounts receivable posted by the Property Managers in Yardi or other systems to the Bank activity to ensure that all deposits are posted correctly.
  • Reconciles the gross potential rent each month.
  • Books property revenue and ties out all A/R balances monthly.

Job Requirements:

BA/BS in Accounting or related field

Minimum of 1-2 years in accounting is required.

Knowledge of MRI, Financial Edge (Blackbaud) or Quickbooks is a plus.