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Property Accountant



Accounting & Finance
Charlotte, NC, USA
Posted on Saturday, July 6, 2024

Property Accountant POST NUMBER: 416385

Charlotte, NC, US On-Site
July 5th, 2024
Real Estate
$ 65000.00 - 70000.00 yearly
direct hire
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Property Accountant

Charlotte, NC (Hybrid)

Once in a career opportunity to join an industry leading Property Management firm based in Charlotte, NC, with over 30 years of experience in the affordable housing development and property management field. They manage 13,000 units across 250 properties throughout the southeastern United States, utilizing local, state, and federal tax-advantaged programs to enhance communities by providing quality affordable housing to residents in need.

Why Join?

  • Impactful Work: Help those in need in your own community by contributing to the enhancement of affordable housing.
  • Industry-Leading Benefits:
  • Generous Paid Time Off: Including company holidays and a floating paid holiday of choice.
  • Supportive Environment: A generous Employee Assistance Plan for you and your immediate household.
  • Rewarding Culture: A winning culture that rewards quality work and celebrates important milestones in your career and in your life.

As a Property Accountant, you will be responsible for providing the full cycle of accounting for an assigned portfolio of properties. This position will focus on all aspects of financial statements, including journal entries, general ledger analysis & review, reconciliations of accounts, distribution of reports, and month-end closing, ensuring timely and accurate financial statements for each entity within the assigned portfolio.

Key Responsibilities:

  • Prepare monthly, quarterly, and year-end financial statements/reporting packages with varying deadlines.
  • Perform monthly bank reconciliation and all other month-end tasks.
  • Perform monthly balance sheet account reconciliation.
  • Manage cash flow for the assigned portfolio, including various funding requests.
  • Process replacement reserves according to each property's funding source.
  • Record and process accounts payable and accounts receivable, including tenant move-outs.
  • Gain a solid understanding of general ledger data and its impact on overall financial data.
  • Submit complete and accurate monthly journal entries, including standard, recurring, reversing, adjusting, reclassifications, prepaid rent, and accruals.
  • Review rental payments and property invoices for correct and accurate coding.
  • Ensure monthly mortgage and other recurring payments are processed timely.
  • Prepare and assist with 1099 processing annually.
  • Verify all cash entries are booked timely and accurately.
  • Assist with completing annual tax credit/rural development forms.
  • Provide coverage for co-workers when out of the office.
  • Perform any other tasks as assigned by the supervisor/manager in accordance with business needs.

Required Qualifications:

  • Education: Bachelor's degree in accounting and/or business.
  • Previous experience in the property accounting or commercial real estate space.
  • Effective communication skills, both oral and written.
  • Consistent attendance and punctuality.
  • Dependability, taking responsibility for own actions, and following through on commitments.
  • High quality and accuracy in work, with a focus on continuous improvement.
  • Strong customer service orientation, handling difficult or emotional matters professionally.
  • Excellent problem-solving and analytical skills, including the ability to design workflows and procedures.

If this sounds like you, apply now!

We look forward to connecting with you

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal.

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.

  • California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
  • Virginia residents may access our state specific policies here.
  • Residents of all other states may access our policies here.
  • Canadian residents may access our policies in English here and in French here.
  • Residents of countries governed by GDPR may access our policies here.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:

  • the individual’s skill sets, experience and training;
  • licensure and certification requirements;
  • office location and other geographic considerations;
  • other business and organizational needs.

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

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