MG Properties

  • Property Accountant

    Job Locations US-CA-San Diego
    Posted Date 4 weeks ago(10/22/2018 2:29 PM)
    Job ID
    2018-2233
    # of Openings
    1
    Category
    Corporate Office- Accounting/Finance
  • Overview

    MG Properties Group has been actively involved in the acquisition, development, rehabilitation and management of apartment properties since 1992. MG Properties Group manages over 55 apartment communities, which consists of over 17,000 apartment homes in California, Arizona, Nevada, Washington and Oregon with a total market value of over $2 billion!

    Responsibilities

    We are seeking an experienced Property Accountant who will be responsible for supporting Accounting Manager with assigned properties’ financial records. Must be familiar with all aspects of property management, 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.

     

     

    Oversees day to day Accounting functions of assigned properties
    Reviews A/R Entries on a daily basis and either solves A/R discrepancies or contact the necessary person in charge in a timely basis. Processes A/R Checks if received in Corporate
    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 on a timely basis
     Works closely with Property Managers and Regional Managers to help reconcile tenants accounts/ledgers
     Participates to identify and resolves problems and inconsistencies, determining appropriate corrective procedures
     Prepares Year End 1099’s for Accounting Manager’s Review
     Assists Senior Accountant and Accounting Manager for Property Taxes and Insurance Audits
     Reviews contracts for construction projects from contractor and sub-contractors
     Performs daily project accounting functions such as accruals, billings, sub-contractor communications, lien waivers, etc.
     Monitor and analyze revenues and costs relative to construction projects and budgets
     Responsible for timely preparation and submission of lender reserve requests and holdbacks
     Reconciliation of construction job cost module to general ledger to process quarterly construction management fees
     Responsible for all duties and functions related to Property Accounting for assigned properties

    Qualifications

    • 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
    • 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

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