Babich & Associates - Dallas, TX
posted 27 days ago
The Property Accountant position at our centrally located Real Estate company involves a comprehensive range of accounting responsibilities focused on property management. The successful candidate will be responsible for performing property accounting close processes on a monthly basis. This includes essential tasks such as balance sheet and expense account reconciliation, preparing property financial close packages, conducting accounts receivable aging reviews, and following up on outstanding items. Additionally, the role encompasses asset management accounting and variance analysis of expense accounts, all of which must be completed in a timely manner to ensure accurate financial reporting. In this role, the Property Accountant will perform the monthly property close process for assigned properties. This involves recording accruals, depreciation, revenue, and accounts receivable. The accountant will also prepare monthly journal entries for these properties, which requires effective communication with property-level leadership regarding necessary accruals and adjustments. A critical aspect of the job is reconciling property-level bank statements and general ledger accounts on a monthly basis, which includes documenting and resolving any variances or reconciling items that may arise. The Property Accountant will analyze and maintain fixed asset records, which includes managing the addition, disposal, and transfer of assets between properties. Investigating and correcting any discrepancies within the accounting system for assigned properties is also a key responsibility. Furthermore, the role requires performing general ledger account analysis, which involves documenting explanations for any variances observed. The preparation of monthly financial statements for assigned properties is another essential duty, along with effective communication with property personnel and management to ensure clarity and accuracy in financial reporting.