Property Accountant - Multifamily (Remote: DC,MD, VA)

Bethesda, MD

Full-time

Remote

$90K/yr - $100K/yr

Entry, Mid Level

Elme Communities is a real estate firm that offers residential apartments and community services. They are seeking a Property Accountant to prepare financial reports, manage accounting processes, and support audits for residential communities.

Apply Now

Responsibilities

Prepare timely, complete and accurate monthly financial reports under US GAAP for a portfolio of residential communities
Create journal entries for recurring and ad hoc accruals, amortizations and reclasses
Coordinate with operations teams to ensure that deposit accounting is completed for month end close
Lead discussions in monthly preliminary close calls with operations teams to ensure accurate and complete financials
Analyze monthly financial results by comparing budget to actuals for completeness of accruals
Prepare monthly bank reconciliations
Reconcile balance sheet accounts monthly including reconciliation of sub ledgers to the general ledger.
Support the external audit by working with auditors on client requests and preparing footnote schedules
Assist operations and asset management teams with any ad hoc requests
Create fixed assets to close out all project management jobs and submit corresponding journal entry
Record depreciation and write-offs of disposed assets
Perform monthly analysis of depreciation activity
Review and submit quarterly accruals for the construction management team
Maintain accurate job cost and project accounting records for development projects, including quarterly accruals for open costs

Qualification

Required

Minimum 2+ years accounting experience
Bachelors degree in Accounting or Finance required
Goal-oriented, organized, detail oriented and driven team member
Understanding of Sarbanes Oxley and US GAAP reporting requirements
Thoughtful problem-solver with the ability to identify issues and assess solutions
Internal desire to learn new things and discover efficiencies
Proficiency in Microsoft Word and Excel
Excellent communication, reading comprehension and analytical skills