Real Estate Accountant

Position:

Real Estate Accountant (Residential)

Status:

Full Time Hours:

8:00am-4:30pm

Days:

Monday-Friday Pfefferle Management is the largest commercial property management provider in Wisconsin. We manage more than 200 commercial properties and 85 residential complexes throughout the state, with over 15 million square feet of real estate under our care and thousands of tenants and owners served.

Position Summary:

This position is responsible for overseeing the finances of the condominiums and HOAs that are managed by the Company. This position also cross supports the accounting of the multi-properties managed by Pfefferle Management.

Responsibilities:

Monthly accounting close, balance sheet schedules, reconciliations, and prepare timely and accurate financial/operating report packages for properties. Review the balance sheet and income statement to ensure all transactions are recorded appropriately and in a timely manner. Analyze and understand fluctuations in account balances and identify drivers. Reconcile general ledger accounts with supporting schedules monthly. Prepare monthly financial reports in accordance with owner specifications. All financial transactions that are processed through the properties by performing balance sheet analysis, operating expense review, P&L variance analysis, cash flow projections. Calculate and record appropriate depreciation and amortization of fixed assets, tenant improvements, leasing commissions, and other intangibles. Preparation and/or review of the CAM, real estate tax, insurance and other miscellaneous reconciliations and assist Property Managers to assure accuracy. Assist property managers in any tenant billing disputes. Assist in property budgeting and forecasting - compile key leasing assumptions and capital budget information, maintain lease level budgeting for all tenants. Enter budget/forecast information into the accounting software system, review data for accuracy, and provide applicable variance comments. Cash management functions include bank reconciliations, bank transfers, owner distributions/cash sweeps, and payment processing. Research, analyze and effectively communicate complex accounting issues and escalate appropriately. Effectively communicate and collaborate with clients and property management in a timely manner. Assist in the setting up and transitions of properties which may include loading beginning balance information, sale pro-ration calculations, and closing entries. Assist in the set-up of new properties - units, leases, bank accounts. Review invoices for proper coding and reasonability of the expenses as compared to budget. Utility and tenant bill backs. Understand leases and expense recoveries. Coordinating with property managers regarding property activity. Communicate with Property Managers and/or owners if funding is needed. Work with auditors and tax accountants to ensure quality year-end financial statements. Adhere to accounting policies and procedures initiated by owner. Assist and/or lead special projects. Perform other related duties as required or requested.

Qualifications:

Bachelor's degree in accounting or finance 5+ years' accounting experience (Real Estate/Construction Industry a plus) Team player Strong customer service skills Ability to handle confidential information. Ability to prioritize projects, requests, and deadlines. Self-starter with strong problem-solving skills .

Technical Requirements:

Ability to use a computer, laptop, and smartphone Proficient with Microsoft Office Experience with Property Management Software a plus.

Physical Requirements:

Sitting for extended periods. Repetitive hands movements from frequent use of keyboard and mouse.

Background Check Requirements:

Must pass a criminal background check. Must have a clean driving record Reports to:

Residential Department Manager Employee Benefits:

Vacation and sick pay Paid holidays 401(k) with company matching. Health, dental, vision, and life insurance options Short Term Disability