Senior Real Estate/Property Accountant
Doran Companies is looking for a Sr. Property Accountant. Take the next step in your accounting career with a role that truly values your experience. As our Senior Property Accountant, you'll lead critical financial functions for our Property Management Division bringing a higher level of ownership to complex accounting activities and making a meaningful impact on the day-to-day financial health of our properties. This is an in-office position based in Bloomington, MN.
Position Purpose:The Sr. Property Accountant will prepare monthly financial reporting for residential properties, including financial review, monthly journal entries and balance sheet reconciliations. You will work with a portfolio of properties with various levels of complex accounting. You will ensure that all major projects, month-end, and year-end reports are completed accurately and on time. You will be key in assisting the Accounting Manager with the ongoing development and establishment of accounting policies and procedures as well as operational strategies.
Essential Functions:
Accounts Payable and Receivable Management
Approve invoices and process checks
Ensure timely payment of bills and collection of rents
Maintain accurate records of accounts payable and receivable
Monitor debt levels and compliance with lender debt covenants
Manage payment workflows
Maintain and improve accounting policies and procedures.
Manage invoice inbox
Financial Reporting
Ensure that all projects, month-end, and year-end reports are completed accurately and on time
Prepare monthly financial statements to investors and lenders
Establish a system of internal controls to ensure timely and accurate reporting
Coordinate, prepare and review monthly, quarterly, and annual reports
Prepare, consolidate, and review monthly financial statements
Calculate and report monthly financial and operating metrics to senior leadership
Whitecap credit card processing and reporting
Manage the accounting on multiple, complex, multi-family properties
Bank Reconciliation
Perform bank reconciliations and prepare year-end papers for outside tax accountants
Prepare monthly bank reconciliations, A/P, and A/R
Budgeting and Forecasting
Support site property teams by participating in budgeting and cash flow forecasting
Prepare annual budgets and operating expense reconciliation
Analyze budget variances and report significant issues
Accounting Support
Prepare year-end audit/tax packages
Be the first point of contact for questions for junior accounting team members
Assist with mentoring and training accountants on the team
Compliance
Maintain and improve accounting policies and procedures
Assist in preparation of tax returns and compliance with tax regulations
Maintain records for property tax assessments and payments
Required Skills / Abilities:
Experience preparing and analyzing financial statements
Cash flow experience
Experience with balance sheet management
Must be a self-starter and be able to work independently
Analytical ability to develop and implement improvements and recommendations
Must have great attention to detail
Highly proficient in Excel and Microsoft applications
Education / Experience:
5 to 7 years of relevant experience in accounting or accounting-related field
3 to 5 years minimum experience in real estate/property management and commercial accounting
Yardi Voyager experience required
Must have a valid drivers license and reliable source of transportation
Compensation details:82000-90000 Yearly Salary
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