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!
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