Rockville, Maryland
Senior Property Accountant - Coalition Homes, Inc. Job Opening in Rockville, Maryland - Coalition Homes, an affiliate of Montgomery County Coalition for the Homeless (MCCH), is the only developer of permanent supportive housing projects in Montgomery County. Coalition Homes acquires, develops and manages permanent supportive housing to meet the needs of the most vulnerable populations with disabilities. In this capacity, Coalition Homes plays a crucial role to end homelessness consistent with MCCH's mission of making homelessness rare, brief and non-recurring in Montgomery County.
The property manager provides a range of customer management services to tenants? of Coalition Homes properties from first entry and lease development, site inspections, and tenant certifications to relocation and lease expiration close-out. This position interacts on a daily basis with the property bookkeeper and lead maintenance technician.
General Description : The Senior Property Accountant is responsible for financial operations and reporting for a Real Estate Acquisition, Development, and Property Management Company ( Coalition Homes and related entities); coordinating with bookkeeping staff and providing training, guidance, development, and problem solving on a daily basis; monitoring the Accounts Payable and Accounts Receivable process and reviewing invoices to ensure prompt payment and appropriate cash management; developing and overseeing the Capital Improvement Plan; collaborating with the property manager and facilities administrator and on-site management team to produce annual budgets and forecasts; reviewing and approving all annual tenant reconciliations and billings, including capital expenditures.
Essential Duties and Responsibilities:
Provide functional supervision of financial operations in a matrix organization
Responsible for full cycle accounting including monthly close and financial statement preparation and reporting
Prepare annual 1099 forms for CH
Develop and manage Capital Improvement Plan on portfolio assets
Develop and manage the financial reporting on capital construction projects
Manage debt compliance and reporting of CH loan portfolio
Oversee submittals to Federal, State and Local regulatory agencies
Assist the Director with external departments with capital projects and management of reserves.
Prepare bank and account reconciliations for all companies and entities
Provide support with maintenance of banking arrangements, cash management, annual audits
Preparation of budgets and variance analysis and financial reports
Respond to auditor inquiries and manage audits and tax preparation for CH and related entities.
Adhere to GAAP and ensure accuracy of financial statements
Manage new company/ general ledger setup and maintain multiple systems in YARDI and Quickbooks
Work closely with MCCH finance team including MCCH CFO; provide monthly reports;
Interact with customers, tenants, program staff on financially related issues
Other duties as assigned
Required Knowledge, Skills and Abilities:
BS/BA Accounting required with minimum three years related accounting experience in a fast-paced environment.
Minimum 5 years Experience in the real estate industry; property management accounting and construction.
Knowledge of GAAP and financial statement preparation.
Functional knowledge of QuickBooks, Yardi, or similar property management system, and Excel
Must be detail oriented and able to work with accounting complexity for multiple entities.
Ability to establish and maintain positive working relationships with employees, management and external vendors
Ability to work independently, in a team environment, with minimal supervision.
Demonstrated history of responsiveness and customer service
Job Type: Full-time
Required education:
Bachelor's
Required experience:
real estate, property management accounting and construction: 1 year
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