Property Accountant in Indianapolis, IN at Vaco

Date Posted: 6/30/2020

Job Snapshot

  • Employee Type:
    Contractor
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    6/30/2020
  • Job ID:
    PROPE16157

Job Description

Vaco has partnered with a company in the Downtown Indianapolis area to find a Property Accountant!

What you will do: The Property Accountant is responsible for the financial and reporting of the multi-family communities and related entities involved in ownership and management of the portfolio.

What your day to day will look like:
Manage all accounting functions on accrual and cash basis for all portfolio communities and affiliate entities.
Oversee month-end closing process including bank reconciliations and adjusting journal entries.
Maintain general ledgers and prepare monthly, quarterly, and annual financial statements including balance sheets, income statements, and statements of cash flow.
Reconcile inter-company balances, review accounts payable, prepaid rent, and property expenses.
Manage all fixed asset depreciation schedules and book corresponding capital items and job cost allocations.
Audit and manage all bank deposits, credit card charges and internal expense reports.
Review and approve invoices posted into Accounts Payable.
Prepare all manual checks as needed and ensure payments are entered into the accounting system on timely basis.
Assist in preparation of quarterly financial reports sent to investors and lenders.
Responsible for developing annual internal audits of properties and implementation follow up.
Create and submit periodic loan compliance reporting for properties where applicable.
Prepare annual budgets for all assets and approve budget revisions as per company policies.
Provide support to Senior Executives for Annual Tax Returns and Annual Audits where applicable.
Support operational implementations and compliance with all policy and process changes (such as employee benefits, software, etc.).
Assist in due diligence efforts including lease review, rent roll analysis, expense reconciliation, etc.
Complete all post-closing reconciliations with buyers/sellers

What you will need to succeed:
Must have 3+ years experience in the accounting profession (public, private, or a combination)
Real estate industry experience required; strong background in financial planning & analysis
Bachelors degree in finance/accounting or related field
High level of proficiency with financial accounting software such as Onesite and/or Yardi

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