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Job Description
Property Accountant
NEXTAFF - 4.0
Durham, NC Job Details Full-time $75,000 - $80,000 a year 3 days ago Benefits Health insurance Dental insurance Flexible spending account Paid time off Vision insurance Life insurance Qualifications Treasury management Yardi Bachelor's degree GAAP Productivity software Process management Technical Proficiency Full Job Description Direct Hire, Property Accountant Fully Onsite Position | Durham, NC (27703 Zip Code) Positive and Vibrant Work Culture | Competitive Pay & Benefits Background and Credit Check will be run, after an offer has been extended.
Salary Range:
Around $75k - $80k/range annually Why Join the Team? Looking for a role with an excellent team that values our employees and work/life balance? As a Property Accountant, you'll play a crucial role in ensuring accurate and timely financial reporting while enjoying: Company-Wide Gatherings - Enjoy company comradery with organization-wide dinners and gatherings. Competitive Pay & Full Benefits - Take advantage of quality care through our offered benefit providers. Longevity - Employees stay with us for a reason! Enjoy a stable work environment and join the rest of our employees by staying years and years! Your Role & Responsibilities As a Property Accountant, you will take ownership of financial reporting, cash management, budgeting support, and accounting operations for a portfolio of real estate properties. This role is critical to ensuring accurate financials, maintaining compliance, and supporting strategic decision-making. The Property Accountant will partner closely with Property Managers, Asset Managers, and external stakeholders while managing day-to-day accounting functions in a fast-paced, collaborative environment.
Education and Experience:
Bachelor's Degree in Accounting, Finance, or related field 2-5+ years of property or real estate accounting experience (commercial, multifamily, retail, or mixed-use preferred) Strong understanding of GAAP accounting principles Experience with full-cycle accounting (General Ledger through financial reporting)
Primary Responsibilities and Duties:
Financial Reporting & Close:
Prepare monthly, quarterly, and annual financial statements, including Balance Sheet, Income Statement, Cash Flow, General Ledger, and Trial Balance Perform variance and budget-to-actual analysis Complete monthly close process, including account reconciliation and review Prepare and post journal entries (accruals, deferrals, reclasses) Ensure compliance with GAAP and client-specific reporting requirements
Banking & Cash Management:
Perform monthly bank reconciliations across all account types (operating, trust, reserve, security deposits) Monitor daily cash balances and banking activity Assist with cash forecasting and liquidity planning
Accounts Receivable & Billing:
Record tenant payments and maintain accounts receivable ledgers Prepare and issue tenant billings, including rent, CAM, and recoveries Monitor aging reports and follow up on delinquencies in coordination with Property Management Review lease abstracts to ensure billing accuracy
Accounts Payable:
Review, code, and process vendor invoices Execute weekly check runs and electronic payments Maintain vendor records and ensure W-9 compliance
Budgeting & Forecasting:
Partner with Property Managers to prepare annual budgets and forecasts Analyze variances and provide financial insights Support capital expenditure tracking and reporting
Client & Lender Reporting:
Prepare lender reporting packages on a recurring basis Assist with draw requests and development reporting as needed Respond to client inquiries and provide financial analysis
Audit & Tax Support:
Prepare year-end workpapers and audit packages Support tax preparation in coordination with external accountants Prepare and file 1099s and ensure compliance Post year-end and tax-related adjustments
Process Improvement & Compliance:
Maintain and enhance internal controls and accounting processes Identify opportunities for efficiency improvements Ensure compliance with company policies, agreements, and regulations
Miscellaneous:
Collaborate with cross-functional teams to support overall operations Manage multiple deadlines and priorities effectively Provide additional reporting and analysis as needed Continuously seek opportunities to improve workflows and contribute to team success
Technical Skills:
Proficiency in Microsoft Office 365 (Excel required; PivotTables, VLOOKUP/XLOOKUP preferred) Experience with accounting/property management systems (Yardi, MRI, or similar) Familiarity with SharePoint or document management systems
Job Type:
Full-time Pay:
$75,000.00 - $80,000.00 per year
Benefits:
Dental insurance Flexible spending account Health insurance Life insurance Paid time off Vision insurance Application Question(s): Are you comfortable undergoing a background and credit check, if offered the role? Are you comfortable working a fully onsite role?
