Thge Associate, Property Financial Services is under the direct supervision of Director, Property Financial Services and is responsible for a portfolio of residential and commercial properties. The primary responsibilities include maintaining the accuracy and integrity of property financial transactions and the corresponding property management reporting. The position will be responsible for number of real estate assets’ financial and property management functions including but not limited to billings, receivables, bad debt reserves, payables, bank reconciliations, lease commissions, and budget review. The Associate, Property Financial Services will work closely with Property Management and Accounting staff members to resolve issues, correct errors, and financial statement accuracy.
General Responsibilities: Assist in the posting of monthly tenant rents for commercial and residential assetsMaintain accurate and up to date tenant ledgers and coordinate timely receivable collections with property managersReview receivable aging reports to identify monthly bad debt reserve, and where necessary, process tenant write off requests in accordance with company policyExplore and recommend potential improvements in both Yardi and other reports/schedules and maintain/improve the flow of information from Property Management to AccountingMaintain accurate and up to date excel schedules used to create monthly recurring journal entries for commercial and residential assetsAssist in reviewing and recording monthly lease commissions for residential assetsReview payables for accuracy and submit for payment in AP systemReconcile bank balance to book balance monthly using the Yardi Bank Reconciliation
Specific Responsibilities:Review aging reports and coordinate with property managers regarding timely collection of receivables Where needed, review payables for accuracy, including proper allocation between entities, correct coding to general ledger accounts and correct invoice informationWork with property managers to produce bad debt reserve recommendationsVerify and review write-off request and bad debts recoveriesFollow-up on general requests from property managers and accounting staff.Verify residential commission computation against tenant lease as well as accurate tenant setup in YardiCoordinate with Property Managers regarding timely submission of invoicesAssist in providing requested documents to auditors during annual examination of books and recordsAssist Accountants on tenant related and accounting issues as neededPerform special projects as assigned
Experience/Education:Bachelor’s degree in Accounting, Finance or related field requiredMinimum of 3-5 years of previous accounting/property management/real estate experience and a demonstrated understanding of basic accounting principles and reporting requirementsReal estate/private equity experience a plus
Knowledge / Skills:Strong accounting and communication (oral and written) skillsHighly analytical and detail orientedDeadline driven and ability to manage multiple tasksExperience with Yardi (or similar property management/accounting software) Proficient in Microsoft Office, with emphasis in Excel and Word