MG Properties

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Property Accountant III

Property Accountant III

Job ID 
# of Openings 
Job Locations 
US-CA-San Diego
Posted Date 
Corporate Office- Accounting/Finance

More information about this job


Property Accountant III is responsible for supporting Accounting Manager with assigned properties’ financial records. Must be familiar with all aspects of property management, accounting and have experience with accrual based accounting. The Property Accountant is directly responsible for the portfolio of properties’ accounting functions such as posting transactions, running reports, reconciling accounts and interacting with the Community and Regional Managers.


Essential Responsibilities:

  • Working knowledge of basic accounting principles for application of day to day responsibilities and a stronger knowledge of accrual based accounting.  
  • Prepares monthly journal entries and accruals as required
  • Processes A/R checks
  • Reviews A/R entries on a daily basis, solving any discrepancies as necessary in a timely manner
  • Reviews A/P entries such as utilities, recurring and regular invoices that are processed by A/P Clerks
  • Processes Security Deposit Check Requests within scheduled deadline
  • Processes write offs and collections
  • Processes monthly loan payments. Reconciles mortgage impound balances accordingly
  • Prepares bank reconciliations
  • Prepares monthly & quarterly property reports within scheduled deadlines
  • Analyzes monthly & quarterly financial statements and budgets
  • Tracks delinquency / aging and contacts Property Managers accordingly
  • Reviews weekly property account balances in order to manage cash flow effectively
  • Forecasts cash flow and cash management in a timely basis
  • Works closely with Property Managers and Regional Managers to help reconcile tenants accounts/ledgers
  • Participates in preparing and auditing materials requiring analyses of supporting documents and insures that all entries are entered into the system properly
  • Prepares Year End 1099’s for Accounting Manager’s review
  • Assists Senior Accountant and Accounting Manager for property taxes and insurance audits
  • Adjusts errors and discrepancies


Knowledge, Experience, Educational Requirements:

  • Bachelor’s degree in Finance, Accounting, Real Estate, or a related field (Highly Preferred)
  • Minimum of 2 to 3 years Accounting experience
  • Minimum of 1 to 3 years of Property Management / Real Estate experience

Additional Skills, Abilities, and Characteristics Required:

  • Strong experience with Accrual Based Accounting
  • Knowledge of and ability to use property management/accounting software, database software, spreadsheet software, Internet and Email software
  • The ability to work independently and effectively in a fast paced environment
  • Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions
  • Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations
  • Excellent communication and interpersonal skills both written and verbal