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Property Accountant - Affordable Housing

Company: Related Partners
Location: Oakland
Posted on: June 6, 2021

Job Description:

Related is seeking an experienced Property Accountant with strong analytical skills and a disciplined approach to join our growing team. This individual will assist in the oversight of the financial operations of our affordable housing communities, in Oakland, CA. The ideal candidatewill be responsible for the property accounting for various residential real estate properties and will collaborate with the Regional and Community Managers to ensure accurate, timely and complete property execution from a financial standpoint. Responsibilties will include:Manage site A/R and A/P processes including daily posting of receivables to resident ledgersReview and approve resident A/R billing adjustments, security deposit refund requests, and all other accounting entries that impact the income statementReconcile ACH, credit card, money order and personal check payments including preparing and making bank deposits as neededAudit and ensure accuracy of rent roll and lease abstracts for assigned propertiesManage, analyze and audit resident and subsidy ledgers to ensure they are billed correctly each month for all rental and additional charges per their leaseSubmit retroactive ledger adjustments and write off requests to Regional Manager for review/approvalEnsure that final billing statements and security deposit refund requests are processed timely for former residents in compliance with state and local requirementsReview A/R aging reports with property manager weeklyReconcile A/R and Prepay balances against site software reportsEnsure that balance due letters, notices to pay rent or quit, and unlawful detainer action is submitted on a monthly basis to residents and engage tenant/landlord attorney as neededPrepare weekly collections reports with detailed notes on past due balances (subsidy and resident)Work with residents and outside agencies in preparation of informal and formal payment agreements for past due rent. This includes HUD EIV repayment plans and entering the same into Realpage softwareRespond to resident billing inquiries and resolve billing irregularities and disputesReview and approve A/P vendor invoices and related allocationsFacilitate new vendor setup and work with the on-site teams to maintain operational readiness at all timesUpdate and maintain vendor database and ensure compliance with Ariba procurement systemReview permits/business license/property tax for accuracy and process payment timelyAssist Community Manager with monthly budget variance reporting and preparation of customized reporting for asset management, investor, lenders, etc.Assist Community manager in preparing and submitting journal entry requests to accounting- standard, recurring, reversing, adjusting, re-classing, prepaid rent, accruals, etc.Review operating and reserve cash balances as directed by portfolio controller, accounting manager or clientPrepare funding requests as needed to cover shortfalls in capital and/or operating expensesWork with Senior Accountants to prepare audit responses and prepare audit packages for auditorsAssist in the development of the operating budget and ongoing re-forecasting for each property in conjunction with the Community and Regional ManagerOther tasks and special projects as needed and requestedBenefits:Comprehensive Medical, Dental, Vision, Life, Disability & Flexible Spending AccountsPaid Time Off & holidays401(K)Tuition reimbursementRobust modern fertility programIncentive bonus programCommuter benefitsEmployee Assistance Program & more!Minimum 3+ years relevant experienceBachelor’s degree in Accounting or related field preferredProficient accounting skills, including the ability to read and interpret financial statementsStrong GAAP knowledge is a plusReal estate experience highly preferredProficiency in Microsoft OfficeProficiency in standard property management accounting systems highly preferredKnowledge of RealPage, SAP Ariba, JDE, or Oracle Systems a plusAbility to effectively communicate orally and writtenHighly organized, detail oriented with ability to prioritizeStrong work ethic and team-oriented mentalityPositive attitude and willingness to learnAbility to exercise good judgment and discretion related to confidential matters#APKB12#AW1Related Management Company is the owner and operator of a premier portfolio of assets valued at over Sixty billion. Our operating portfolio consists of a diversified mix of properties including luxury rental buildings, retail and commercial space, luxury condominium residences, affordable, and workforce housing located throughout the United States.As the owner and developer for the majority of the RMC portfolio, we have ensured that our buildings are the best assets in their respective submarkets. We provide a diligently maintained property management platform with dedicated professionals who consistently exceeds our residents’ and commercial tenants’ expectations. Our dedication to providing the highest and most personalized level of service is one of the hallmarks of the company and a key differentiator in the market. For more please visit www.Related.com. Related is an Equal Opportunity EmployerFor information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy

Keywords: Related Partners, Oakland , Property Accountant - Affordable Housing, Other , Oakland, California

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