Essential Functions:

• Monitor activity posting to the general ledger from automated subsystems

• Prepare monthly journal entries to record additional activity at each property

• Review general ledger for reclassifications and accruals

• Analyze general ledger activity to ensure income and expense are recognized correctly

• Complete bank reconciliations on a monthly basis and assist in research and adjustment in a timely manner

• Manage capital escrows and complete and submit draws per terms of loan agreements

• Review costs to determine expense vs. capital classification

• Track capital expenditures & start-up costs

• Prepare account reconciliations and adjust when necessary

• Prepare property financial statement packet monthly by deadline

• Participate in monthly financial review calls for each property

• Monitor cash balances for properties

• Distribution amounts quarterly

• Prepare post-closing reconciliations for acquired properties

• Review payables weekly

• Provide accurate and timely financial information to other internal departments such as Investments and Asset Management, as well as lenders, consultants, etc. by established deadlines

• Timely and accurately record payments, receipts, and closing entries

• Assist with accounts payable and treasury management duties.

• Analyze and post end-of-year audit adjusting entries.

• Other duties as assigned

Job Competencies:

• Demonstrated knowledge of Accrual/GAAP accounting.

• Experience in ResMan, Avid, or similar software.

• Understanding of accrual accounting

• Ability to work in a fast-paced environment

• Intermediate to advanced knowledge of Microsoft Office suites (Outlook, Word, Excel, PowerPoint, etc.)

• Must have exceptional written and verbal communication skills

• Must have the ability to develop, maintain, and foster relationships at the site level, as well as among the corporate office

• Ability to establish priorities and coordinate work activities

• Must be analytical and able to perform intermediate to advanced math calculations

• Ability to analyze basic operating statements and identify unusual operating trends, ratios, and variances, correcting where necessary

Qualifications:

• High School diploma, or general equivalent degree (GED)

• Bachelor's degree preferred

• Minimum of 3 years of experience in multifamily property accounting, real estate/ private equity.

• Experience with property accounting software in general and experience with ResMan and similar software.

Physical Demands/Work Environment:

The physical demands and work environment characteristics described here represent those that an employee must meet to successfully perform this job's essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands: While performing duties of the job, the incumbent is often required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; talk and hear. The employee must often lift and move up to 50 pounds. The job's specific vision abilities include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Work Environment: The noise level in the work environment is usually moderate.