Property Management Cost Accountant at PAC Properties

Los Angeles, California, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Jun, 26

Salary

0.0

Posted On

18 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Control, Budgeting, Forecasting, Financial Reporting, Variance Analysis, Accounts Payable, Vendor Management, General Ledger Maintenance, Bank Reconciliations, CAM Reconciliation, Cash Flow Management, Accounting Standards, Process Improvement, Microsoft Word, Microsoft Excel, Appfolio

Industry

Description

Description A Property Management Cost Accountant is responsible for tracking, analyzing, and controlling costs related to real estate properties such as residential apartments, commercial buildings, and mixed-use developments. This role ensures that properties operate within budget and remain financially profitable. Responsibilities: Expense Monitoring & Cost Control Track and analyze property operating expenses, including maintenance, utilities, repairs, and vendor services. Monitor operating costs on a per-property or per-building basis. Identify opportunities to reduce operational expenses and improve cost efficiency. Analyze maintenance, renovation, and capital improvement expenses. Budgeting & Forecasting Prepare and assist with the development of annual property operating budgets. Forecast future expenses related to repairs, capital improvements, and operational costs. Participate in the annual budgeting and financial forecasting process for assigned properties. Financial Reporting & Analysis Prepare monthly, quarterly, and year-end financial statements for management review. Produce monthly financial reports for property owners and internal management teams. Analyze variances between budgeted and actual results and provide recommendations. Conduct financial analysis to identify trends, risks, and opportunities for improvement. Accounts Payable & Vendor Management Review, audit, and process vendor invoices for accuracy and proper coding. Track and monitor payments for contractors, maintenance providers, and suppliers. Ensure vendor expenses are recorded accurately and timely. Accounting & Compliance Maintain accurate financial records and supporting audit documentation. Prepare journal entries and maintain the general ledger for property accounts. Perform monthly bank reconciliations to the general ledger. Prepare Common Area Maintenance (CAM) and real estate tax reconciliations. Monitor weekly cash balances and support cash flow management. Perform accounting analyses and reconciliations for property management accounts. Review transactions and ensure proper accounting treatment in accordance with accounting standards. Collaboration & Operational Support Maintain open communication with the accounting team and executive leadership. Assist with tax preparation and coordinate with external tax advisors. Support management with special projects and additional assignments as needed. Demonstrate initiative by recommending process improvements and operational efficiencies Requirements Qualifications/Experience Potential candidates should have a Bachelor’s Degree (preferably in Accounting) At least 5 years of general accounting experience. Experience in real estate property accounting is encouraged but not required. Must be organized, self-motivated & has a “can do” productive attitude Strong time management skills Candidates must be proficient in Microsoft Word and Excel Experience with Appfolio or Yardi or other real estate accounting software is a plus.

Responsibilities

The Property Management Cost Accountant tracks, analyzes, and controls costs for real estate properties, ensuring operations remain within budget and profitable. Key duties include monitoring operating expenses, preparing budgets and forecasts, and producing detailed financial reports for management and owners.