Summary: The Property Accountant performs accounting work of considerable complexity using Generally Accepted Accounting Principles. Responsibilities include property accounting, compliance reporting, analytics, budgeting, documentation, and auditing for LIHTC projects and Maiker entities.
The Property Accountant sets and meets goals and key performance indicators (KPIs) focused on accuracy and integrity of accounting data and transactions, analysis of ways to impact Maiker revenue growth or other financial goals, property petty cash audit, timely and accurate compliance reporting, and audit ratings.
Essential Job Duties are performed with strict adherence to Maiker standards, policies, and procedures, and to local, State and Federal laws and regulations. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Property Accounting and Compliance
- Perform monthly financial statement reporting
- Perform property accounting functions through accurate and timely completion of general ledger postings, tenant ledger adjustments, payment reversals and corrections
- Adhere to the property month-end close process
- Review monthly property financial income and expense activity for accuracy and reasonableness
- Liaison with Community Managers to assist with financial and accounting problems and issues
- Prepare entries to book month end accruals, write-offs, re-classes, and corrections
- Analyze property credits, sequential money orders, financial variances, and aged receivables
- Provide general ledger, cost center revenue, and expense variance reporting in support of Maiker’s revenue growth and cost control strategies
- Prepare and complete agency cash receipts as required
- Ensure Software and Accounting Compliance
- Unit Transfers and Unit mapping, maintain set aside tracking
- Review new move-in lease and Yardi charges with Compliance Manager
- Update GPR
- Reconcile all security deposit accounts
- Assist in the preparation of budgets
- Assist in regulatory accounting compliance reporting and Board financial reporting
- Reconcile selected balance sheet accounts on a monthly basis
- Manage the fixed asset and depreciation schedules for properties
- Set up and monitor employee rental agreements with Community staff and Human Resources
Audits
- Assist with preparation of annual audit information for multiple properties
- Perform annual Property petty cash audits
