Description
Reports To: Director, Client Accounting
Primary Function: Maintain financial statements for commercial and multifamily real estate properties
Education: BS Degree in Accounting, CPA preferred. Minimum five years' work-related experience
Qualifications: Accounting experience including financial statement reporting, bank reconciliations and journal entries. GAAP reporting experience, advanced Excel skills, financial planning experience, and real estate experience are required. MRI or Yardi experience a plus.
Key Skills and Core Values:
Collaboration with Thalhimer's accounting and property management teams
Client Focus addressing questions and requests for information from owners and asset managers.
Results Focused and ability to work independently.
Continuous Improvement, make recommendations
Excellence
Responsibilities:
1. Prepare monthly financial statements & supporting schedules
- Practical understanding of accounting principles
- Monthly bank reconciliations, research and resolve reconciling items
- Mortgage escrow account reconciliations
- Journal entries, including accruals, depreciation and amortization, etc.
- Balance sheet reconciliations
- Record transactions from a closing statement
- Calculate distributions to owners
- Monitor cash flow and accounts payable
- Validate/calculate monthly management fee calculation
- Assist owners with year-end audit/tax reporting
2. Develop and update short- and long-term cash forecasts to assess available liquidity and support owner distribution planning
3. Assist with the onboarding of new properties, record activity from prior manager, monitor utility, mortgage, and other sensitive vendor
4. Monthly bank reconciliations for master accounts and resolution of reconciling items
5. Special projects
6. Train and support accounting team members
