Property Accountant

Glen Mills, PA
Accounting
04-09-2019
Glen Mills, PA
Depends on Experience  Annual
Full Time
Day

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.

FIXED ASSET FUNCTIONS:

  • 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.

ACCOUNTING FUNCTIONS:

  • 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.