Job description
ABOUT THE ORGANIZATION
Rainey Property Management (Rainey) offers best-in-class management services and operation of apartment communities. Rainey provides owners of multi-family communities with a full suite of property management solutions tailored to the unique needs of each community. Our team prides itself on consistently providing a high level of service to the owners and residents of the communities we manage.
Our team possesses 150+ years combined experience leading nationally recognized multifamily property management organizations. Our team members leverage in-depth market research, proven business practices, and local knowledge to create value and maximize returns for our investors, partners, and clients.
At Rainey we believe that all people deserve access to safe, decent, sanitary and affordable housing regardless of income or background. By employing a hands-on approach to property management, we create healthy and happy communities for our residents while delivering efficient operating results. We firmly believe that it is possible to create value and community at the same time, and we aim to do so with the highest level of customer service.
DESCRIPTION
Reports to: Senior Accountant, Controller, VP of Accounting, and/or Executive Team
Direct Reports: None
Benefits:
Depending on the position offered, regular full-time and part-time team members may be eligible to participate in a bonus program in addition to their base salary. Once eligible, team members may participate in the 401k plan. Regular, full-time team members are also offered a range of medical, and/or other benefits from which to choose.
The Property Accountant should be intelligent, self-motivated individual, adept at problem solving, who will have the opportunity to anticipate the needs of the company as we expand our management portfolio and contribute to achieving those goals. As part of the recruiting process all candidates will be required to complete an online behavioral assessment. All candidates must also be able to pass a criminal background check and be subject to a drug and substance abuse test.
The Property Accountant will:
- Prepare and review monthly property financial statements, general ledgers, and reconciliations to ensure accurate representation of property activity in accordance with GAAP.
- Perform day to day accounting for the property management company (PMC). Includes recording cash account transactions, invoices, paying bills, calculating management fees, allocating expenses and billing properties, reconciling bank accounts and all necessary general ledger entries to record day to day activities of the PMC.
- Ensure biweekly payroll is allocated and funded accurately and on time.
- Supervise accounts payable process for property check runs to ensure proper documentation and approvals, accurate coding, timely payment of vendors and appropriate sales and use tax handling.
- Analyze and implement financial and reporting requirements in accordance with settlement statement, partnership agreement, loan and purchase and sale agreements. Prepare purchase accounting entries and allocation of expenses and revenues with seller.
- Collaborate with asset management and regional and property staff in developing annual budgets.
Desired Skills/Qualifications:
- BS in Accounting and minimum 7 years of real estate experience at a property accountant level, preferred.
- Thorough understanding of property and partnership accounting in accordance with GAAP.
- Prior experience with Real Page/Onesite property management software, a plus.
- Proficient in Microsoft Office.
- Excellent interpersonal and communication skills with the ability to work both independently and as part of a team in a diverse and fast-paced environment.
- Must be detail-oriented, highly analytical, and have strong organizational and problem-solving skills.
- Needs to have property management accounting experience.
- Needs to have Real Page and/or YARDI, plus RESMAN experience.
POSITION REQUIREMENTS
FULL-TIME/PART-TIME
Full-Time
HIRING MANAGER(S)
OPEN DATE
1/2/2023
EXEMPT/NON-EXEMPT
Exempt
EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.
PI200151817
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