Senior Property Accountant in Orlando, FL at Vaco

Date Posted: 6/24/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Orlando, FL
  • Job Type:
  • Experience:
    At least 3 year(s)
  • Date Posted:
    6/24/2019
  • Job ID:
    SENIO82304

Job Description

Let Vaco serve as your advocate in presenting you to our top clients who are looking for investment banking professionals. Our clients have immediate opportunities for Property Accountants; don't let your resume get lost in the shuffle - let us work for you! At Vaco, we give you an advantage over your competition! Our recruiters have direct relationships with hiring managers, so they can connect your work experience to the open job-promoting your strengths to the manager while preparing you for that specific interview.

Our recruiters will provide you with great insight about trends in the real estate industry - keeping you up to date on compensation expectations, company culture, and growth opportunities. If you are experienced in real estate / property management accounting as a Property Accountant, and you want to partner with the best, apply today!

As a Sr Property Accountant, familiar with real estate and/or property management accounting, you will analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities.

Additional responsibilities of the Sr Property Accountant include:

Accounts Payable/Expenses/Disbursements:

-Review Property Manager's (PM's) AP batches - invoices, dates, descriptions - correct as needed

-Select AP for payment - run reports, agree, verify available cash, submit for check writing

-Review checks - company, account, match reports, distribute to PM's

-Intercompany accounts - prepare invoices to reimburse Payroll and other costs - bi-weekly

-Enter AP invoices - as needed for management fees, sales tax, Payroll reimb., mortgage payments, etc.

-Void checks - enter as needed (journal entry for prior periods)

-Capital items - obtain JDEdwards asset ID #'s, enter AP or reclass entry

-Close AP for period - run reports, correct & agree, post to GL, maintain AP accounting files

-Monthly Draws - obtain approvals, input invoices, prepare reports, submit to bank/owner, pay upon funding

-Maintain mortgage loan files

-Maintain sales tax files

-Maintain cancelled check files

Accounts Receivable/Income/Receipts:

-Review PM's cash receipts batches - amounts, dates, charge codes, deposit receipts

-Billing adjustments - enter as needed, requested by PM

-Security Deposits - process refunds and forfeitures per PM requests, reconcile reports

-Close AR for period - run reports, correct & agree, prepare sales tax returns, prepare management fee invoices, post to GL, maintain AR accounting files

Cash Management:

-Bank reconciliations - Operating, Depository, Security Deposit, RETax Reserve, Capital Reserve

-Earnings/Bank Fees - ensure minimum bank fees and maximum interest earnings by sweep investment or other

-Operating cash balances - maintain daily for the current month's activity

-Wire/ACH/telephone transfers - prepare monthly for transfer of Security Dep interest to Operating, mortgage payments, owner distributions, etc.

-Outstanding checks - research and resolve after 2-3 months outstanding

-Bank corrections - initiate corrections and follow up with bank until resolved

-Fraud - close account, resolve with Dallas Cash Mgmt. and bank

General Ledger:

-Analysis - review every balance sheet and income statement account, record correctly based on property's method of accounting - full GAAP, accrual, modified accrual, cash

-Journal entries - prepare, enter, maintain back up with JE reports

  • AR activity - Skyline to JDE
  • Accruals (reversing) - operating expenses, capital, RETax, interest expense, insurance, etc.
  • Interest income and transfers
  • Owner contributions and distributions - calculate based on GL activity
  • Wires - mortgage payments, transfers, etc.
  • Direct payments by Owner
  • Straight-line rent, vacancy rent
  • Depreciation and amortization
  • Development draws
  • Voided checks
  • Sales tax - electronically transferred