Property Accountant job Boston Massachusetts
Property Accountant job Boston Massachusetts
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Property Accountant Job



Employer Name: SpiderID: 8512311
Location: Boston, Massachusetts Date Posted: 3/25/2019
Wage: Up to $85000.00 per year Category: Real Estate
Job Code: 353800

Job Description:


Property Accountant


Our client is a private real estate developer in business in Boston for over 40 years. The firm's diverse portfolio includes both residential and commercial assets across a wide range of market sectors. The organization holds its assets long term and self manages.


The firm is looking for an experienced Property Accountant to join the team, servicing a mixed portfolio of commercial and residential assets.


Processing



  • Open mail daily. Stamp date received.

  • Prepare utility trend sheets for utility bills.

  • Review all vendor statements.

  • Process checks within 24 hours of receipt and prepare deposit.

  • Process and pay mortgages, real estate taxes, employee rents, evictions, reserves, inter-company bills, employee reimbursements, other recurring vouchers and any other bills that do not need manager approval.

  • Process approved invoices. Research any 'past due' amounts or 'credit balances forward'.

  • Pay mortgages, condo fees, utilities, advertising, insurances, monthly reserves and other invoices that need to be paid by due dates.

  • Keep an "Open Invoice" report listing all unpaid invoices in folder at all times.

  • Input changes to tenant accounts within 48 hours.

  • For any receipts or transfer sheets that cannot be processed - contact appropriate property personnel. Keep an "Open Item" folder.


Property Management Reports



  • Review prepaid and delinquent reports weekly. Determine corrective action and make any necessary changes to tenant account.

  • Review Move-In and Move-Out reports and gross potential reports weekly.

  • Review lease expirations at the beginning of each month. Review increase reports and letters.

  • Review CPI increases monthly for commercial properties. Send increase letters to tenants and copy Property Manager.


Monthly



  • Prepare folder with open invoices, Open Invoice Report, Detail GL for Operating Cash Account, and Income Statement vs Budget.

  • Review Income Statement vs Budget and understand any major variances.

  • Make adjustments as needed.

  • Ensure that all receipts from property personnel are in for processing.

  • Review Delinquent and Prepaid reports.

  • Process move-outs and move-ins.

  • Roll rents as soon as move-ins are complete.

  • Review Gross Potential reports. Research and correct miscellaneous credits, delinquencies and lost days.

  • Run income statement vs budget.

  • Run balance sheet.

  • Prepare all financial reports for Controller.


Reserve Excel Sheets



  • Keep reserve excel sheets up to date for all G/L activity each month. Reconcile balances. Bring any discrepancies or over or under funded balances to Controller for review and adjustment.


Annually



  • Prepare tax work papers including all backup and schedules tied to trial balance.

  • Budgets - prepare projected, annual utility schedules for property managers.

  • Prepare insurance schedules and input.

  • Review budgets from managers. Input budgets and payroll budgets from payroll administrator.

  • After operating budgets are complete, review reserve excel sheets and send to property managers to be used for Capital Budget preparation.

  • Reconcile annual CAMs.

  • Review real estate tax bills and valuations. Update real estate tax excel schedules with annual changes.


Job Type: Full-time


Salary: $80,000.00+ /year


Experience:



  • Accounting: 5 years (Preferred)

  • Property Accounting: 5 years (Preferred)




Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
Overnight Travel:
Vacation Time:


Contact Information:
Contact Name: Accounting Now Company Type:
Company: Accounting Now
City:
State:
Zip:

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