Position Overview

Ledgent Finance & Accounting's client is actively seeking a skilled and experienced Senior Property Accountant to join their team in California. This position plays a crucial role in managing the financial aspects of a diverse portfolio of affordable housing properties, including those serving low-income, homeless, disabled, veterans, and other special needs households. Reporting directly to the Accounting Manager and/or Assistant Accounting Manager, the Senior Property Accountant will perform comprehensive accounting tasks, ensuring compliance with industry standards and contributing to the financial health of the organization.

Responsibilities

• Prepare monthly and quarterly financial reports for a portfolio of affordable housing properties, reviewing accounting entries from third-party management companies and making necessary adjustments.
• Ensure compliance with GAAP and relevant regulatory requirements.
• Maintain various supporting workpapers in Excel, including fixed asset schedules, property tax accruals, prepaid insurance, mortgage loan amortization, and partner capital contributions and distributions.
• Prepare monthly bank reconciliations for multiple accounts.
• Ensure accurate recording and coding of accounts payable to the appropriate general ledger accounts.
• Assist with cash management alongside the Accounting Manager and Assistant Accounting Manager.
• Coordinate wire transfers and ACH payments.
• Calculate and post month-end adjustments, including accruals, intercompany reconciliations, and depreciation.
• Reconcile subledgers on a monthly basis.
• Prepare a comprehensive month-end package to support financial statements.
• Liaise with property managers regarding financial statement inquiries.
• Perform various reconciliations and adjustments as needed.
• Collaborate with external tax preparers and auditors during annual audits and reviews.
• Assist with annual budget uploads to accounting software.
• Lead special projects as assigned, including training staff-level property accountants and implementing new software and processes as approved by management.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
• 3+ years of accounting experience, particularly in property management or real estate.
• Strong understanding of accounting principles and financial reporting.
• Proficient in Yardi or similar accounting software, with advanced Excel skills.
• Demonstrated leadership and team management capabilities.
• Excellent analytical skills and attention to detail.
• Strong written and verbal communication skills.
• Ability to work independently while also collaborating effectively with team members.
• Flexibility, a positive attitude, and the ability to work with minimal supervision are essential.

Required Work Hours

Monday through Friday, full-time schedule.

Benefits

Competitive salary with a range of $85,000 to $105,000 per year, commensurate with experience and qualifications.

All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, and Los Angeles County Fair Chance Ordinance. For unincorporated Los Angeles county, to the extent our customers require a background check for certain positions, the Company faces a significant risk to its business operations and business reputation unless a review of criminal history is conducted for those specific job positions.