Property Accountant II

Property Accountant II

Locations: Dallas
Departments: Accounting

The Property Accountant is responsible for the preparation of monthly financial statements (cash and accrual) on assigned Office, Industrial, Association, and Retail projects. Works closely with property manager to complete monthly reporting package sent to the Client. Assignments based on experience level and product type currently managed.

At Stream, we realize that our success begins and ends with our people. As a result, we work hard to attract and retain the best talent in the industry. These high-caliber professionals come together to create a distinct culture that is best summarized by our firm’s values: Nice. Smart. Honest. Passionate. More information on the firm is available on the About Stream page.

QUALIFICATIONS

• 1-3+ years related accounting/reporting experience.
• Individual should demonstrate quantitative analytical and accounting skills commensurate with experience level.
• Basic to Intermediate competence in Microsoft Excel and Outlook.
• Knowledge of various accounting software: MRI and Yardi preferred. Real estate experience a plus.
• Good understanding of accounting principles.
• Excellent communication skills, both verbal and written. Listens with understanding.
• Displays a high level of motivation, ability to multi-task with various daily and monthly duties and thrives in deadline-oriented environment.
• Ability to take initiative in solving routine problems but includes manager or supervisor in more complex issues /or problems.
• Minimum education requirement is a Bachelor’s degree. Masters’ Degree Preferred. Accounting classes and experience required.

ESSENTIAL FUNCTIONS

• Provide internal and external reporting of Projects’ financial results.
• Prepare internal and external reporting packages, working with property management to analyze financial performance and develop reports.
• Support budgeting process and expense reconciliation preparation through review of data.
• Prepare recurring and ad hoc analysis and reporting.
• Provide excellent internal and external customer service.
• Effectively communicates with manager or supervisor regarding deadlines, complex issues, and processes and procedures.

RESPONSIBILITIES

• Preparation of monthly financial statement packages includes: creating and posting journal entries recorded to the general ledger, fixed asset depreciation and amortization roll-forward, review of general ledger and income statement, bank statement reconciliations, property manager variance comment review, and balance sheet reconciliations.
• Frequent communication and interaction with property management team with limited interaction with Client.
• Preparation and submission of Sales & Use Tax returns as applicable.
• Project cash management: ensure critical timely payment of utilities, taxes, and mortgages and owner distributions.
• Review and posting of cash receipts and review and process payment of vendor invoices.
• Ensure compliance with SOC I requirements for self and property management team.
• Other duties as assigned.