Property Accountant

Glen Mills, PA
Glen Mills, PA
Depends on Experience  Annual
Full Time

The Property and Fixed Asset Accountant will be responsible for maintaining the fixed asset systems and day-to-day activities of assigned operating real estate assets, as well as serve as an accountant in our property management group.


  • Record fixed asset acquisitions and dispositions in the accounting system.
  • Track the compilation of project costs into fixed asset accounts and close out those accounts once the related projects have been completed.
  • Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
  • Calculate and record depreciation for all fixed assets.
  • Prepare and update the detailed schedule of fixed assets and accumulated depreciation for month end close.
  • Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.
  • Track company expenditures for fixed assets in comparison to the capital budget.
  • Maintain Fixed Assets for GAAP, Federal Tax, State and AMT books.
  • Coordinate additions and retirements of Tax Assets with the Tax Department.


  • Perform all accounting duties related to real estate holdings.
  • Maintain monthly bank and Balance Sheet account reconciliations.
  • Monitor budget vs. actual performance to identify issues or errors.
  • Liaise with third-party property managers engaged for selected properties.
  • Review and analyze monthly financial reports from third-party property managers, and prepare related journal entries.
  • Exercise discretion and independent judgment in discharging accounting duties.
  • Sound comprehension of GAAP and RE industry specialized accounting.

Education & Work Experience:

  • B. A. or B. S. Degree in Accounting from an accredited four-year college or university required.
  • Two (2) or more years of related experience required.
  • Previous experience in property management accounting required; experience with Yardi software preferred.