Job Opening: Property Accountant

Position: Property Accountant

Location: Honolulu

Industry: Real Estate

Salary: $60,000 – $75,000 (depending on experience)

A Property Accountant plays a crucial role in the financial management of real estate assets. The primary responsibilities of a Property Accountant revolve around maintaining accurate financial records, preparing financial statements, and ensuring compliance with relevant regulations.

Job Title: Property Accountant

Job Overview: As a Property Accountant, you will be responsible for overseeing the financial aspects of real estate properties, ensuring accurate and timely recording of financial transactions, and providing valuable insights to support decision-making. The role involves collaboration with property management teams, finance departments, and external stakeholders to maintain financial integrity and compliance.

Key Responsibilities:

1. Financial Recordkeeping:

   • Maintain accurate and up-to-date financial records for multiple real estate properties.
   • Record transactions related to rent, operating expenses, property taxes, and other financial activities.

2. Financial Reporting:

   • Prepare monthly, quarterly, and annual financial statements for individual properties and consolidated portfolios.
   • Analyze financial data and provide variance analysis to highlight trends, potential issues, and areas of improvement.

3. Budgeting and Forecasting:

   • Assist in the development of property budgets and forecasts.
   • Monitor actual financial performance against budgeted figures and provide explanations for variances.

4. Tenant Relations:

   • Work closely with property management teams to address tenant financial inquiries and resolve any discrepancies.
   • Ensure timely and accurate processing of tenant invoices, rent escalations, and security deposits.

5. Compliance:

   • Stay informed about relevant accounting standards, regulations, and industry best practices.
   • Ensure compliance with local, state, and federal tax requirements related to real estate.

6. Audit Support:

   • Facilitate internal and external audits by providing necessary documentation and explanations.
   • Implement recommendations from audit findings to enhance financial controls and processes.

7. Cash Management:

   • Manage cash flow for properties, including monitoring bank balances, initiating transfers, and optimizing cash positions.

8. Software Proficiency:

   • Utilize property management and accounting software (e.g., Yardi, MRI) to maintain financial records efficiently.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA designation or in progress is often preferred.
• Previous experience in property accounting or real estate finance.
• Strong knowledge of accounting principles and practices.
• Excellent analytical and problem-solving skills.
• Proficiency in Microsoft Excel and accounting software.

Soft Skills:

• Strong attention to detail.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a team.
• Adaptability to a dynamic and fast-paced environment.

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field.
• CPA designation or in progress is often preferred.
• Previous experience in property accounting or real estate finance.
• Strong knowledge of accounting principles and practices.
• Excellent analytical and problem-solving skills.
• Proficiency in Microsoft Excel and accounting software.

Soft Skills:

• Strong attention to detail.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a team.
• Adaptability to a dynamic and fast-paced environment.