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Property Accountant

Property Accountant

USA JobsCleveland, OH, US
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Property Accountant

The Property Accountant supporting The Millennia Companies will be responsible for performing accounting functions for a select number of properties from the company's broad and growing portfolio of over 270 affordable and conventional properties in more than 26 states.

Essential Functions and Responsibilities

Daily / Weekly Tasks :

  • For assigned properties, research and answer questions from property operations, lenders, regulators, or investors.
  • Substantiate general ledger transactions by providing proper supporting documentation.
  • Assist with verifying and analyzing business records such as leases or contracts to understand the obligations of the entity and take ownership for the properties' business level activities.

Monthly / Quarterly Tasks :

  • Prepare account reconciliations and journal entries for assigned balance sheet accounts.
  • For assigned properties, review property trial balances and financial statements for accounting inaccuracies and prepare correcting journal entries as needed.
  • Assist in preparation of actual-to-budget variance analysis including footnotes to the monthly financial reporting package for senior management, lenders, regulators, and investors.
  • Assist in preparation of replacement reserve draws and calculation of management fees
  • Preparation of property tax disbursements and mortgage payments
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Required Education and Experience

    Bachelor's Degree in Accounting or Finance required

    0-2 years of experience in an Accounting environment with a basic understanding of US GAAP and cash basis accounting

    Understanding of accounting systems preferred, but not required

    Ability to work in a fact-paced team environment

    Beginning knowledge of MS Word, Excel and Outlook required

    Desire to learn property accounting and the affordable housing industry

    Work Conditions & Physical Demands

    Strong collaboration skills - works well across functional areas. Excellent relationship-building skills; able to collaborate with various levels of the organization.

    While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear, and taste or smell. The employee must occasionally lift or move up to 20 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

    Values We Seek

    Respect : Respect is shown by demonstrating a sense of self-awareness and reflecting on one's own words and actions to adapt, grow, and succeed. We embrace our differences while recognizing what brings us together.

    Collaboration : Collaboration begins with strengthening our relationships with our residents, owners, partners, and employees, relying on strong communication and a deep understanding of the values and needs of all those involved.

    Service-Focused : Understands what internal and external stakeholders value and anticipates their needs; strives towards creating a meaningful experience and builds lasting relationships.

    Performance : Achieving exceptional performance requires us all to be working on the right things at the right time and, in doing so, staying aligned with our business fundamentals and priorities. It also requires us to understand the business - carefully and critically analyzing our performance and metrics and weighing options and risks before decisions are made.

    Expected Hours of Work & Travel

    Days and hours of work are generally Monday through Friday but may require evening and / or weekend shifts. Regional travel may be required as necessary.

    EOE / Disabled / Veterans Statement

    We are an Equal Opportunity Employer. Each applicant for employment is considered solely based on job qualifications, without regard to race, color, religion, sex, sexual orientation, genetic information, age, disability, national origin, veteran status, or any other classification protected by law.

    About The Millennia Companies

    Founder and Chief Executive Officer Frank T. Sinito entered the real estate business in 1985 with the purchase of a 14-unit multifamily development in Northeast Ohio, handling all aspects of property management and developing a passion for providing exemplary and caring service to residents. From this start, Sinito went on to acquire additional apartment developments, and, in 1995, he founded The Millennia Companies (Millennia), a high-performance business enterprise that has grown to operate in a diverse set of sectors; opportunities exist in multifamily real estate development, property management, commercial real estate, hospitality and more. We invite you to thrive in your career here as we serve thousands of residents, clients, and customers throughout our dynamic group of companies.

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    Property Accountant • Cleveland, OH, US

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