Property Accounting Manager POST NUMBER: 309277
Position Overview:
The Property Accounting Manager is responsible for supervising a team of property accountants and overseeing the financial operations of a portfolio of multifamily properties, ensuring accurate accounting, financial reporting, and compliance with regulatory requirements. The role will work closely with property management teams, property owners and clients, and senior leadership to maintain effective financial controls and monthly closing processes. The Property Accounting Manager will also contribute to the overall success of the property accounting department.
Responsibilities:
- Supervise and mentor a team of property accountants, providing guidance on accounting processes, policies, and career development.
- Conduct performance reviews, provide feedback, and ensure appropriate training for team members to maintain high-performance standards.
- Coordinate work schedules and manage staff assignments to ensure timely completion of all accounting tasks.
- Provides leadership to the assigned area’s accounting group by interviewing, hiring, orienting, and training team members, and by managing their performance in accordance with the Company’s established policies and procedures.
- Serve as a primary accounting contact and financial business partner for property managers, regional leaders, asset managers, clients, and senior leadership within the assigned portfolio.
- Provide accounting support to property management teams to help resolve financial discrepancies, ensure accurate reporting, and optimize financial performance.
- Assess complex or unusual accounting transactions and determine appropriate treatment in accordance with GAAP, company policy, management agreements, and applicable property requirements.
- Perform detailed reviews of journal entries, general ledger activity, balance sheet and bank reconciliations, accruals, reclasses, financial statements, and other closing documentation.
- Provide accounting support and guidance on real estate transactions such as refinances, insurance claims, and capital improvement projects.
- Lead and oversee monthly and year-end close activities for assigned properties, ensuring financial statements and supporting schedules are accurate, complete, and delivered on time.
o Ensures the timely completion and distribution of financial reports to clients and key business leaders, assists in resolving discrepancies and variances in actuals-to-budget, and responds to client requests, questions, and issues related to the on-going financial performance of properties within the assigned area.
- Oversee cash operations for assigned including cash disbursements, deposits, wire transfers, and bank reconciliations.
- Ensure efficient cash flow management to meet property-level operational needs, including tenant payments, vendor invoices, and debt obligations.
- Assist in developing and enforcing internal control procedures to ensure accurate financial data and safeguard company assets.
- Support audits by providing documentation and answering questions
- Stay current on industry best practices, accounting trends, and legal regulations affecting real estate accounting.
- Assist with initiatives to improve efficiency and accuracy in the property accounting processes, including the implementation of accounting software or system upgrades.
- Assist with the streamlining of workflows, automation of manual processes, and assist with the integration of new properties or portfolios into accounting systems.
Qualifications:
Education & Experience: Bachelor's degree in Accounting, Finance, or a related field (CPA preferred). Minimum of 5-7 years of experience in property accounting, with at least 2 years in a supervisory or management role. Demonstrated experience overseeing multifamily property accounting, financial reporting, close processes, reconciliations, cash management, audits, and internal controls.
Skills:
o Proven experience in financial reporting within a property management environment.
o Experience with property management financial systems (e.g., Yardi, Entrata, MRI, RealPage) and accounting software.
o Excellent communication and interpersonal skills to work effectively with internal and external stakeholders.
o Detail-oriented, with the ability to manage multiple tasks and priorities in a fast-paced environment.
o Strong knowledge of real estate accounting principles, property management systems, and GAAP.
o Leadership capabilities and the ability to mentor and manage a team.
o Strong decision-making, problem-solving, and analytical skills
o Proficiency in Microsoft Excel and other accounting tools.
By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com.
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
Representation Notice
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
For residents of Ontario, Canada: Based on Highspring’s discussions with its Client, Highspring’s understanding is that this position for employment is a current vacancy (either through Highspring as a contractor or with the client directly).
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
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Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring’s use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client’s use of AI products in hiring.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.