POSITION OVERVIEW

Ledgent Finance & Accounting’s client is currently seeking a Senior Property Accountant to join their team in California. This role involves managing a portfolio of affordable housing properties, serving various communities including low-income, homeless, disabled, veterans, and other special needs households. The Senior Property Accountant will be an integral part of the team, reporting directly to the Accounting Manager and/or Assistant Accounting Manager.

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.
• Able to work independently while also collaborating effectively with team members.
• Flexibility, a positive attitude, and the ability to work with minimal supervision are essential.

• 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.