$60K to $75K
Small Bonus
Staff Accountant, Property Accounting
Boston Ma 02116 (Onsite)
KEY AREAS:
I. Accounts Payable
II. Accounts Receivable
III. Cash Management/Bank Reconciliations
IV. Budgets
V. General Ledger Maintenance
VI. Financial Reporting (Internal & External)
VII. Partner Distributions/Contributions
VIII. Tenant Billings / Charges
IX. Year End Work Papers/Audits
JOB DESCRIPTION:
I. Accounts Payable
· Enter and upload invoices into system and verify coding.
· Process weekly check runs including cash requirements report and verification of cash balances.
· Vendor correspondence including inquiries, review statements and process adjustments.
· Ensure timely mortgage and tax payments.
· Maintain tax documents including W-9’s for new vendors and Year-End 1099 forms.
II. Accounts Receivable
· Deposit and record checks received in office.
· Apply tenant cash receipts received via lockbox or ACH.
· Provide information as needed to collections team on tenant issues and review AR aging to ensure compliance.
· Record miscellaneous income charges on tenant accounts.
III. Cash Management/Bank Reconciliations
· Reconcile monthly bank statements to the ledger for assigned accounts.
· Transfer funds as needed for assigned properties.
IV. Budgets
· Assist in preparation of annual property budgets for upcoming year.
· Review budget prior to final approval by management.
· Prepare executive summary based on approved budgets.
· Prepare on accrual & cash basis.
V. General Ledger Maintenance
· Review G/L monthly to verify accuracy of transaction postings.
· Prepare journal entries, as necessary.
· Interface with corporate accounting, property management, accounts receivable, accounts payable and lease administration to resolve issues.
VI. Financial Reporting (Internal & External)
· Prepare monthly cash flow projections.
· Prepare financial statements including variance analysis periodically including reforecasting.
· Prepare balance sheet reconciliations and schedules as required for internal and external reporting.
· Assist in lender reporting as required in property loan agreements.
VII. Partner Distributions/Contributions
· Prepare partner calls and distributions as required.
· Maintain schedules of partners’ percentages in accordance with LLC/LP agreements
VIII. Tenant Billings / Charges
· Interpret Tenant Leases to decipher billing terms and work closely with Lease Administrator to assign CAM & RE Tax pools.
· Preparation and review of tenant reconciliations for CAM and RE Taxes
· Assist in tenant billing inquiries and provide information to Collections Group.
· Review all Tenant charges.
IX. Year End Work Papers
· Finalize CAM expenses to prepare annual tenant reconciliation.
· Make necessary year-end adjustments to finalize financial statements and tax return.
· Prepare appropriate schedules to support year end balances.
· Assist in year-end audit requirements/schedules.
JOB QUALIFICATIONS/REQUIREMENTS:
• Bachelor’s degree in Accounting/Business
· Up to 2 years of relative experience preferred.
• Proficient in the use of Microsoft Word, Excel, and Adobe
• Strong verbal and written communications skills
• Well organized, self-motivated, and detail oriented, with excellent interpersonal skills
• Demonstrated ability to take initiative, set priorities, handle a wide range of tasks simultaneously, and shift priorities in a fast-paced environment.
• Must be flexible and willing to take on new assignments.
• Excellent judgment and discretion required.