Overview:

The Senior Portfolio Accountant is responsible for all aspects of accounting, AP and AR for commercial and residential properties. The Portfolio Accounting Manager works closely with the Accounting Manager, Assistant Controller and Regional Operations Managers to produce monthly financial statements and resolve property accounting issues. This position develops positive working relationships with client accounting contacts and key vendors. The Portfolio Accounting Manager reports to the Accounting Manager and has no supervisory responsibility.

Responsibilities:

Oversee all accounting and financial reporting functions for a portfolio of apartment buildings in the DC,

Maryland, Virginia, and West Virginia area

Manage cash to avoid overdrafts and maintain sufficient working capital

Ensure that critical deadlines are met for mortgage payments, utilities and other key payables to avoid late

fees and penalties

Ensure that residential management fees are calculated in accordance with contract

Review residential financial statements and investigate variances

Oversee processing of month-end journal entries, reclasses and accruals

Review security deposit report, open invoice report, delinquency report, rent roll, to confirm that they

balance and tie sub-ledgers to GL

Review journal entries prepared by staff for proper coding and accounting treatment

Analyze balance sheet accounts and review reconciliations prepared by staff

Review bank reconciliations and ensure timely resolution of reconciling items

Oversee cash receipts including timely deposits and verification of lockbox receipts

Assist in annual budget process

Oversee annual 1099 process

Oversee vendor set up and compliance with insurance certificate policies

Maintain property assignment list and notify corporate office of assignment changes

Promote team work, cross training and a positive work environment

Qualifications:

Candidate must have an undergraduate degree in Accounting or equivalent experience.

 Property management, accounting experience, and/or public accounting with real estate clients

Yardi, Entrata or other strong accounting software skills

Public accounting experience is a plus

Experience with account reconciliation and financial statement analysis