Requirements: BA/BS degree in finance or accounting/related field;
must have experience in multifamily accounting, handling a portfolio of apartment communities. Properties in 16 States.
**Overview:**
As a Senior Accountant in the multifamily property management industry, you will play a role in overseeing financial operations, maintaining accurate records, and providing strategic financial guidance to support the organization's objectives. You will be responsible for managing financial reporting, analyzing financial data, and ensuring compliance with regulatory requirements.
**Key Responsibilities:**
1. **Financial Reporting:** Prepare and analyze monthly, quarterly, and annual financial statements for multifamily properties. Ensure accuracy and compliance with GAAP (Generally Accepted Accounting Principles) and industry standards.
2. **Budgeting and Forecasting:** Collaborate with management to develop annual budgets and long-term financial forecasts for multifamily properties. Monitor performance against budget and forecast, identifying variances and recommending corrective actions.
3. **Cash Management:** Manage cash flow for multifamily properties, including monitoring bank account balances, initiating wire transfers, and optimizing cash utilization.
4. **General Ledger Management:** Maintain the general ledger system for multifamily properties, ensuring accurate recording of transactions, reconciling accounts, and resolving discrepancies.
5. **Accounts Payable and Receivable:** Oversee accounts payable and accounts receivable processes, including invoice processing, vendor payments, rent collection, and tenant billing. Monitor aging reports and follow up on past due accounts.
6. **Financial Analysis:** Conduct financial analysis to support decision-making, such as property acquisitions, dispositions, and capital investments. Evaluate financial performance, identify trends, and provide insights to optimize profitability.
7. **Tax Compliance:** Coordinate with external tax advisors to ensure compliance with tax regulations, including property tax filings, sales tax reporting, and income tax provisions. Assist with tax planning strategies to minimize tax liabilities.
8. **Audit and Compliance:** Coordinate annual audits for multifamily properties, liaising with auditors and providing necessary documentation. Ensure compliance with regulatory requirements, lease agreements, and internal policies.
9. **Process Improvement:** Identify opportunities to streamline accounting processes, enhance controls, and improve efficiency. Implement best practices and systems enhancements to optimize financial operations.
10. **Team Leadership:** Provide guidance and mentorship to junior accounting staff. Foster a collaborative and high-performing team environment, promoting professional development and knowledge sharing.
**Qualifications:**
- Bachelor's degree in Accounting, Finance, or related field. CPA (Certified Public Accountant) designation preferred.
- 5+ years of progressive accounting experience, with at least 2 years in multifamily property management or real estate industry.
- Strong understanding of GAAP and financial reporting requirements for real estate entities.
- Proficiency in accounting software (e.g., Yardi, MRI) and Microsoft Excel.
- Excellent analytical skills with the ability to interpret financial data and communicate insights effectively.
- Detail-oriented with a commitment to accuracy and integrity in financial reporting.
- Strong organizational skills with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
- Ability to collaborate cross-functionally and communicate complex financial concepts to non-financial stakeholders.
**Note:** This job description is intended to convey information essential to understanding the scope of the position and is not exhaustive. Duties, responsibilities, and qualifications may change as needed by the employer.
Equal Opportunity Employer considering qualified applicants in accordance with applicable state and federal laws, including those with criminal histories, in a manner consistent with the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.