Property Accountant - Affordable Property Management

Job Description

Job Description

For more than forty years, MMS Group and its affiliates (Arco Management, TUC Management, and GoldOller Real Estate Investments) have been dedicated to quality property management.

Our growing portfolio exceeds 40,000 residential units and includes high-rise luxury buildings, affordable housing cooperatives, subsidized rental properties, supportive housing, and conventional apartment buildings.

Our clients include progressive building owners, governmental agencies, real estate entrepreneurs, financiers, not-for-profit organizations, and cooperative and condominium boards.

While each community and client are unique, each share our singular commitment to excellence.

If you are interested in joining a growing team of dedicated professionals in our high-tech environment, then we invite you to learn more about MMS career opportunities.

We offer competitive salaries and benefits and afford our employees the ability for growth and advancement through continuous training and education programs.

Contact us today to see how you can achieve your MMS Edge.

We are currently seeking an experienced Property Accountant for our corporate office . Under the direction of the Controller, the P roperty A ccountant is responsible for the day-to-day accounting of real estate assets and the funds invest in these assets.

The position is generally responsible for closing the books and records for approximately 12 to 15 properties and all ancillary accounting related to these assets.

Hybrid position*

Duties and Responsibilities

• Manage general ledgers for multiple properties
• Prepare detailed monthly and year-end work papers
• Reconcile and analyze all balance sheet accounts which included reviewing loan documentation and agreements to ensure proper accounting practices
• Analyze & reconcile Gross Potential Rent for multiple properties
• Ensure proper coding of all invoices or payables associated with assigned entities
• Prepare monthly financial management reports to be utilized at Board meetings
• Review monthly budget to actual variance reports and prepare variance explanations
• Review bank loan balances, as well as, escrows & reserves
• Coordinate with Regional, Site and Property Managers
• Manage all accrual and cash basis accounting functions for 20 separate entities
• Manage month-end, quarter-end and year-end closings for multiple ledgers
• Prepare journal entries, accruals, reconciliations and other documentations to ensure that transactions are recorded in accordance with GAAP
• Prepare detailed quarterly and year-end work papers
• Maintain fixed asset ledger and tenant amortization
• Perform general ledger analysis, account reconciliations, and propose adjusting journal entries
• Review budgets, operational performance, and assist in variance analysis preparation
• Update all balance sheet account reconciliations monthly
• Timely preparation of monthly financial packages for a portfolio of properties
• Respond to owners, investors, and auditors inquiries
• Prepare year-end audit work papers
• Collaborate with auditors to complete the fiscal year end audit for a portfolio of properties
• Any other responsibilities that may be assigned

Qualifications for this position

• Minimum of 4 years’ experience in affordable property management utilizing property management accounting software systems, preferably OneSite
• Proficient in Excel and Word
• Excellent written and verbal communication skills
• Strong awareness on internal controls and company procedures
• Bachelor’s Degree in Accounting or Finance
• Strong interpersonal skills : must be able to communicate with owners, clients, and senior staff

Equal Opportunity Employer