Note: The job is a remote job and is open to candidates in USA. RKW Residential is the property management arm of Alfred, a leading property technology company transforming residential real estate. The Senior Property Accountant is responsible for the accurate and timely accounting and financial reporting for an assigned portfolio of multifamily properties, requiring strong technical accounting judgment and the ability to guide the work of Staff Accountants.
Responsibilities
- Own and deliver monthly Financial Statement packages for an assigned portfolio of multifamily properties, ensuring compliance with quality standards, client reporting requirements, and GAAP. Verify accuracy of all information prior to submission
- Prepare and review additional financial reports included in the Financial Package as requested by clients
- Prepare various ad-hoc reports as requested; manage competing priorities and deadlines across a portfolio with minimal supervision
- Own month-end and year-end close accounting and review for assigned properties
- Ensure the accuracy of financial statements in accordance with GAAP and compliance with internal policies and client/investor reporting requirements
- Review and approve Balance Sheet reconciliations and supporting schedules; independently analyze Balance Sheet and Income Statement accounts for accuracy and completeness
- Oversee general ledger accounting, including accruals for property taxes, insurance, and other property expenses, ensuring proper treatment of complex or non-routine transactions
- Prepare, review, and approve journal entries posted to the General Ledger. Review periodic general ledger reports to ensure accuracy and resolve errors prior to close of the accounting period
- Independently research, analyze, and explain variances or unexplained items on the Income Statement and changes on the Balance Sheet; identify root causes and recommend corrective action
- Review, record, and reconcile retail or commercial-related items in partnership with the Retail Manager, as applicable
- Perform security deposit true-ups
- Manage operating cash accounts for assigned properties, including recording bank fees and preparing and reviewing bank reconciliations
- Perform cash analysis for multiple communities within the assigned portfolio as requested by clients
- Manage treasury functions for assigned properties, including wires, ACH transfers, and e-check processing
- Prepare and process draw requests for assigned properties
- Review and analyze transactions from Accounts Receivable and Accounts Payable for accurate coding and recording; partner with AP and AR teams to investigate and resolve discrepancies, escalating as needed
- Process additional Accounts Payable requests, including corporate invoices, insurance premiums, and other miscellaneous items; provide cash visibility to support AP payment selections
- Lead preparation of annual and monthly budgeting and forecasting for assigned properties; analyze budget-to-actual variances and communicate findings to stakeholders
- Calculate and prepare owner/investor distributions using applicable reporting and distribution systems
- Analyze and post year-end audit adjusting entries; serve as a primary liaison with external auditors for assigned properties
- Support audit requests by gathering, organizing, and providing supporting documentation
- Serve as a senior resource to Property Management, answering questions regarding monthly Financial Statements and other related matters; own monthly financial statement package preparation and delivery
- Serve as a point of contact for client and business partner support requests and queries related to accounting and reporting matters
- Support sales, acquisitions, and transition activities for communities entering or exiting the portfolio
- Mentor, train, and review the work of Staff Accountants; support cross-training across all accounting functions and assist with onboarding of new team members
- Identify opportunities for process improvement and strengthened internal controls; assist in implementing changes across the portfolio
- Assist with accounting or operations projects and technical accounting research as requested by supervisor
Skills
- Bachelor's degree in Accounting or Finance required
- 4–6+ years of progressive accounting experience, including real estate or multifamily property accounting
- Strong working knowledge of GAAP, property-level/fund accounting, and general ledger systems required
- Ability to work effectively and confidently with all levels of accounting, operations management, and clients
- Employee must be able to communicate clearly and professionally in English
- Ability to read, analyze, and interpret complex business and financial information
- Ability to prepare polished reports and business correspondence
- Ability to effectively present information and respond to questions from senior management, clients, auditors, customers, and the general public
- Ability to calculate figures and amounts such as discounts, interest, commissions, management fees, and various expense reimbursements, proportions, and percentages
- Ability to apply concepts of basic algebra and analyze financial data with a high degree of accuracy
- Ability to define problems, collect data, establish facts, and draw valid, well-supported conclusions independently
- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several dependent and independent variables in complex, ambiguous situations
- To perform this job successfully, an individual should have strong knowledge of accounting software, spreadsheet software, and word processing software
- Advanced proficiency in Excel is required (e.g., pivot tables, lookups, and financial modeling)
- Experience with treasury/cash management, owner distributions, audit support, and property transitions (sales/acquisitions) preferred
- Experience reviewing the work of, or mentoring, junior accounting staff strongly preferred
- CPA preferred, though not required
Benefits
- Fully Remote
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