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Property Accountant
Property AccountantVaco by Highspring • Somerville, NJ, US
Property Accountant

Property Accountant

Vaco by Highspring • Somerville, NJ, US
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Property Accountant

We are seeking a detail-oriented and proactive Property Accountant to join our team. This role is responsible for managing the financial activity of a portfolio of properties, ensuring accurate reporting, and supporting both the property management team and tenants with financial matters.

Key Responsibilities :

Maintain accurate financial records and reports for an assigned portfolio of properties

Partner with on-site teams to gather lease compliance documentation and address tenant-related accounting needs

Handle accounts receivable functions, including resolving tenant inquiries, addressing payment discrepancies, and preparing tenant renewal documentation

Oversee the collection process, including coordinating with legal counsel when necessary

Manage final accounting at tenant move-out, including disposition letters and supporting documents

Review, process, and approve vendor invoices, ensuring accuracy of coding, amounts, and payment timelines

Foster vendor relationships and resolve billing or payment concerns

Review and approve submeter billings across the portfolio as needed

Reconcile tenant security deposits on a monthly basis

Lead the month-end close process, including complex bank and account reconciliations, journal entries, and variance analysis

Prepare year-end financial statements and schedules for tax reporting

Track and account for capital improvement projects

Collaborate with property managers, the accounting manager, and cross-functional teams to deliver timely and accurate financial reporting

Serve as a resource for staff on accounting and property management matters

Qualifications :

Associate’s degree in accounting, finance, or related field; equivalent work experience will be considered

1–3 years of experience in real estate or property accounting

Strong knowledge of accounting principles (GAAP)

Proficiency with Microsoft Excel (VLOOKUP, SUMIF) and familiarity with real estate accounting software; Yardi experience is a plus

Strong analytical, organizational, and problem-solving skills with the ability to manage multiple priorities in a fast-paced environment

Excellent written and verbal communication skills

This is a great opportunity for an accounting professional who enjoys working in a collaborative environment and wants to contribute to the success of a growing property management team.

Determining compensation for this role (and others) at Vaco / Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco / Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.

California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here .

  • Virginia residents may access our state specific policies here .
  • Residents of all other states may access our policies here .
  • Canadian residents may access our policies in English here and in French here .
  • Residents of countries governed by GDPR may access our policies here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to :

  • the individual’s skill sets, experience and training;
  • licensure and certification requirements;
  • office location and other geographic considerations;
  • other business and organizational needs.
  • With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

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