Senior Property Accountant in Orlando, FL at Vaco

Date Posted: 8/11/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Orlando, FL
  • Job Type:
  • Experience:
    At least 2 year(s)
  • Date Posted:
    8/11/2019
  • Job ID:
    SENIO67664

Job Description

Accountants, don't get lost in the numbers! Our client has an immediate opportunity for a Senior Property Accountant. Instead of being another faceless resume, let Vaco advocate 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 market-keeping you up to date on compensation expectations, company culture and growth opportunities. If you're an experienced Accountant and you want to partner with the best, apply today!

Senior Property/Development Accountant :

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

-Schedules - prepare as needed to analyze and track GL accounts, e.g.-RETax, Insurance, Prepaids, Accruals, Deposits, Capital, Depreciation & Amortization, Interest Expense, Mortgage/Notes Payable, Accounts Receivable (reconciled to Aging), AR-Tenant Rebills, AR-Other, etc.

Monthly Reports:

-Compile standard reports per checklist (revise checklist as needed)

-Complete Owner required reports, e.g.-Project Summary, required format for transmission/email, etc.

-Submit monthly report package and bank reconciliations for review - clear review notes, sign off

-Submit monthly report package to PM by due date

-Maintain property binder - copy of each monthly package sent to PM

-Review PM's monthly report to owner - budget variance analysis, collection activity report, etc.

-Maintain copy of PM report to owner - last month and last year end

Annual and Other:

-Mortgage escrow analysis and reconciliation - at year end at a minimum

-1099's - determine vendors to receive, update data base, issue 1099's and 1096

-Audits - work with auditors, prepare schedules, post adjusting entries, reissue reports, maintain audit report files

-Tax Returns-Lincoln owned - submit year end package and work with Dallas Tax Dept., maintain Return files

-Budgets - review and analyze PM budgets, submit questions/revisions, verify budget input into system

-Operating Recovery Reconciliations - review and analyze PM reports, submit questions/revisions

-Due Diligence, Purchases, Sales - prepare schedules and reports as needed

-New Properties - set up property on system(s), user access, bank account(s) and signatories, sales tax ID, chart of accounts, charge codes, checking account micr coding, lockbox, etc.

-Software usage - JDEdwards, Skyline, Yardi, MRI-Prudential, Timberline, BudgeTrac, Excel