Accountant

August 31, 2021August 31, 2021 | | 0 Comment | 12:30 am

A leading real estate development and investment firm with offices in Los Angeles and Chicago is in search for a full-time Residential Real Estate Accountant in Los Angeles.

Job Description

This position will focus on the accounting and financial reporting functions for residential properties. This role will work closely with the Chairman, Property Management Team, Controller and Sr. VP of Accounting and will include the following:

  • Weekly Tasks

    • Ensure timely processing of AP invoices, including coding invoices, inputting invoices into Yardi, check processing, and filing

    • Ensure non-tenant cash receipts are deposited, coded, entered into Yardi, and filed

    • Work alongside Property Manager for weekly collections process

    • Monitoring security deposit activity

    • Weekly updates to cash, including monitoring the current cash balance, managing debt service requirements and monthly spending relative to budget.

    • Ensure proper accounting controls are in place and being followed

    • Maintain real estate tax calendar and ensure timely payment of real estate tax bills twice a year, including any supplemental/adjusted real estate tax bills

    • Coordinate credit card payments and reconciliation of monthly billing; ensuring everything is coded and posted in the ledger

  • Monthly Tasks

    • Review billing process in Yardi Voyager and verify ledger charges

    • Perform bank reconciliations

    • Complete monthly reconciliation schedules of all balance sheet accounts

    • Reconcile income within balance sheet reconciliations

    • Perform DSCR calculations as applicable

    • Budget vs. actual analysis and identifying areas for improvement and optimization

    • Current year vs. prior year analytics

    • Prepare and post manual journal entries for monthly reporting

    • Preparation of monthly financial statements on an income tax basis for residential properties

    • Coordination of periodic lender compliance

    • Close periods in AP, AR, and GL each month

    • Update Juniper Square

    • Assist in monthly preparation of financial statements for California development properties

      • Performing monthly reconciliation of balance sheet accounts

      • Reconcile CIP Draw to general ledger and

      • Record manual journal entries

  • Annual Tasks

    • Assist with property budgets preparation

    • Assist in tax return review, including California filing compliance

    • Coordinate 1099 review of payments and prepare filings

    • File Annual City of Los Angeles business tax

  • Non-Recurring Tasks

    • Set up and terminate leases in Yardi

    • Assist Investor Relations with investor capital activity

    • Perform other duties as assigned

Minimum Qualifications:

  • Undergraduate degree in Accounting

  • 3 to 5 years of experience in Multifamily

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