About the position
As a Senior Accountant, you will play a crucial role in analyzing and reporting the financial activities of your assigned community. This position requires close collaboration with building management and the Board of Trustees to prepare and monitor community budgets and manage cash flow effectively. Your expertise will be essential in ensuring that financial statements are accurate and that all financial activities are conducted in compliance with relevant regulations and standards. In this role, you will be responsible for preparing monthly financial statements for your assigned portfolio of properties. This includes reviewing and testing accounts receivable activities, such as potential assessments, and reviewing accounts payable activities, including coding reviews. You will also be tasked with reviewing cash activities, which involves monitoring outstanding checks and reconciling items. Additionally, you will prepare accrual entries and maintain backup schedules for accrued interest, prepaid expenses, and deferred assessments. Your analytical skills will be put to the test as you analyze and reconcile all balance sheet accounts on a monthly basis. You will assist management with the annual budget process, ensuring that all financial data is accurately reflected. At year-end, you will close out financial statements, code the new budget, enter budget spreads into the system, and prepare monthly and quarterly reserve contribution payment requests for the accounts payable folder. Collaboration with independent CPAs will be necessary to address audit issues, and you will process audits and tax returns prepared by these CPAs for your assigned portfolio. This includes reviewing draft audits, considering audit entries, distributing tax returns to managers for signatures, and ensuring that tax returns are mailed by deadlines. Furthermore, you will monitor investments, cash balances, and cash adequacy to ensure the financial health of the community.
Responsibilities
- Prepare monthly financial statements for assigned portfolio of properties
- Review/test accounts receivable activities (i.e. potential assessments)
- Review accounts payable activities (i.e. review coding)
- Review cash activities (i.e. review outstanding checks, reconciling items)
- Prepare accrual entries and maintain backup schedules (i.e. accrued interest, prepaid expenses, deferred assessments)
- Analyze and reconcile all balance sheet accounts on a monthly basis
- Assist management with annual budget
- At year end, close out financial statements, code the new budget, enter budget spreads into the system and prepare monthly/quarterly reserve contribution payment requests for the accounts payable folder
- Work with independent CPAs on audit issues
- Process audits and tax returns prepared by independent CPAs for assigned portfolio (i.e. review draft audits, consider audit entries, distribute tax returns to managers to obtain signatures, mail tax returns by deadlines)
- Monitor investments, cash balances and cash adequacy
Requirements
- Bachelor's degree in Accounting or Finance from a four-year college or university
- CPA certification and/or related work experience preferred
- Five (5) + years of experience as Staff or Sr. Accountant in property management or real estate fields, residential management preferred
- Strong working knowledge of customer service principles and practices
- Ability to perform with minimum supervision and make decisions independently
- Strong communication and analytic skills
- Detailed oriented with multiple tasks and information organization
- High proficiency in Microsoft Windows software, especially EXCEL
Benefits
- Comprehensive medical plans
- Dental insurance
- Vision insurance
- Time off benefits
- Paid holidays
- 401k with company match
