Our Client is seeking a Senior Property Accountant in Portland, OR. The Senior Property Accountant works closely with the senior leadership of the organization to maximize the financial performance of the Company’s assets, while managing the day-to-day operations of the accounting department, and adhering to Company, local, state and federal regulations at all times. In this role, the team member will be responsible for the Company’s annual financial plans and cash flow management, annual tax filing, and the leadership of the accounting department.
Annual Financial Plans and Cash Flow Management: Lead the process of the Company’s annual financial plans by ensuring software is up-to-date and data provided is accurate and current. Create property specific forecasts for debt service, property taxes, insurance, payroll taxes, and other items needed for annual financial plans; create retail forecasts to include CAM for mixed use properties. Oversee the processing of accounts payables and accounts receivables, alert senior leadership with any concerns.
Ensure Certificates of Insurance for current vendors are up-to-date and that accurate record keeping is being facilitated. Create efficient auditing practices and review monthly and quarterly accounting reports with senior leadership and owners. Oversee the monthly consolidation of petty cash and lines of credit at each property, certify purchases are within budget, make timely payments and replenish funds speedily; report any critical findings to senior leadership and owners. Manage the cash flow for the Company and personally facilitate cash/wire transfers for owner distributions, mortgages, insurance and taxes by scheduled deadlines. Review monthly accruals to ensure that cash forecasts are accurate, communicate any critical findings to senior leadership and owners.
Annual Tax Filing: Steer the annual tax reporting functions for the Company. Keep accurate record keeping of all Company assets, create and implement auditing practices to ensure data is current and up-to-date to include newly acquired acquisitions and assets that have been refinanced, sold or under new partnerships. Prepare 1099 tax forms accordingly, file business license applications and stay abreast of the local, state and federal real estate tax guidelines. Assist in the preparation of tax returns and be the liaison to Owner’s representatives during the process. Create and distribute tax reports to senior leadership and owners, ensure accuracy in data being reported and request additional funds as necessary.
Leadership: The Senior Property Accountant will ensure property accountants have the resources and direction needed to execute at the highest level possible. Organize and host weekly team meetings with accountants and department support services to go over Company financial recap, address concerns, communicate corporate messages, and celebrate successes. Evaluate the effectiveness of each accounting department team member, assist in the design of employee recognition programs and Team Member development plans. Oversee the hiring efforts in the accounting department and ensure on-the-job training for new-hires has been organized. Attend on-going training to enhance leadership skills.
Requirements of the Senior Property Accountant
Senior Property Accountant must have a Bachelor’s degree in Accounting, plus 5-7 years of related experience; with at least 3 years direct Multi Family property accounting experience. Detail oriented with the ability to work in a fast paced, deadline driven environment or equivalent combination of education and experience.
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