Accounts Manager
1 month ago
**Requirements**:
**Key Responsibilities**:
- **Property Financial Management**:
- Oversee financial operations for property portfolios, including rental income, property sales, maintenance expenses, and property taxes.
- Manage rent collection, lease payments, and tenant receivables, ensuring timely follow-up on outstanding amounts.
- Work with the property management team to track and report expenses related to property maintenance, renovations, and upgrades.
- **Financial Reporting & Analysis**:
- Prepare monthly, quarterly, and annual financial statements, including property performance reports, income statements, and balance sheets.
- Analyze financial data and provide insights into property profitability, cash flow, and occupancy rates.
- Conduct variance analysis for revenue and expenses, providing explanations for deviations from the budget.
- **Budgeting & Forecasting**:
- Lead the budgeting process, coordinating with leasing, property management, and sales teams to develop accurate budgets.
- Prepare cash flow forecasts to support the planning of property acquisitions, developments, or improvements.
- Monitor and report budget performance, advising management on potential risks and opportunities.
- **Accounts Payable & Receivable**:
- Oversee accounts payable processes for vendor payments related to property maintenance, utilities, and other operational expenses.
- Manage accounts receivable, ensuring prompt rent collection, and coordinate with property management to address tenant payment issues.
- Ensure accurate records of tenant deposits, refunds, and move-out reconciliation.
- **Property Tax & Compliance**:
- Ensure compliance with local, state, and federal tax regulations related to property ownership, sales, and rental income.
- Oversee property tax filings, working with external advisors as necessary.
- Maintain accurate documentation and records for audits and regulatory reviews.
- **Lease and Sales Transactions**:
- Manage the accounting processes for property sales, including revenue recognition, cost allocation, and transaction closing.
- Track lease agreements, including renewals, escalations, and termination accounting.
- Coordinate with legal and leasing teams to ensure accurate financial records for new leases, amendments, and terminations.
- **Team Leadership & Development**:
- Lead the accounting team, providing training, guidance, and support in real estate-specific accounting practices.
- Conduct regular performance reviews and set clear objectives for team members.
- Foster a collaborative environment that promotes best practices and continuous improvement.
- **ERP & System Optimization**:
- Implement and maintain ERP systems suited to real estate operations, such as Odoo or Yardi, ensuring data accuracy and system efficiency.
- Identify and recommend improvements to streamline accounting processes, reporting, and internal controls.
- Ensure the integrity of data related to property listings, tenant payments, and property expenses.
- **Strategic Financial Advisory**:
- Act as a financial advisor to management on key real estate investment decisions, providing insights into profitability, ROI, and cash flow.
- Assist in evaluating property acquisitions and sales by providing financial analysis and due diligence support.
- Collaborate with the leasing, sales, and property management teams to support financial planning and business growth strategies.
**Qualifications and Skills**:
- **Education**: Bachelor’s degree in Accounting, Finance, or related field; CPA, CMA, or similar certification preferred.
- **Experience**: 5+ years in accounting, with at least 2 years in a real estate or property management company.
- **Skills**:
- Strong knowledge of real estate accounting, including rent roll management, CAM (Common Area Maintenance) reconciliation, and tenant ledger management.
- Proficiency in accounting software and real estate ERP systems (e.g., Yardi, Odoo, or equivalent).
- Excellent analytical, organizational, and problem-solving skills with attention to detail.
- Effective leadership and communication skills for managing an accounting team and collaborating with other departments.
- Ability to navigate complex financial regulations and ensure compliance with real estate industry standards.
**Benefits**
Salary:
10,000 - 12,000
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