Senior Property Accountant (Yardi)

Job Description

Company Description :
Outsourced.ph is a leading Philippines outsourcing company providing dedicated remote staff and offshore staffing services. We specialise in providing staff of the highest quality who will continue to exceed your expectations and provide benchmark offshore solutions to your business. With Outsourced you can scale your organisation quickly, easily and cost effectively with dedicated remote staff based in our modern offices in Manila.

Job Description:
Financial Reporting/ Analysis/ Forecasting:
a. Prepares journal entries with review and understanding of the general ledger(s).
b. Prepares the monthly operating report for each building assigned by collaborating with the property management staff.
c. Performs account analysis on income and expenses.
d. Prepares a capital expenditure reporting package for each completed project.
e. Prepares workpapers for annual audits. Works closely with the auditors and Tax Director.
f. Works with property management team to compile the annual budget for properties assigned. Enters leasing assumptions provided by property manager, calculates estimated interest income, management fees, real estate taxes, debt service, audit fees, deferred cost amortization, business taxes, bank fees, payroll costs.
g. Handles financial debt covenants compliance reporting for managed properties.
CAM Reconciliation:
a. Prepares the annual estimated and reconciliation calculations of the expense recovery (escalation process)
3. Cash:
a. Initiates fund transfer requests.
b. Updates schedule showing daily cash balances.
c. Performs reconciliation of cash accounts.
4. Inter-Company:
a. Performs annual inter-company GL account reconciliations.
5. Accounts Payable:
a. Reviews A/P invoices and reports prior to check printing for appropriate coding and approvals
b. Ensures timely remittance of property taxes, loan payments and other date sensitive obligations.
6. Accounts Receivable:
a. Reconciles the month-end A/R report to G/L.
b. Review cash receipt reports before posting.
c. Ensures security deposit ledger is current.
d. Reconciles the tenant bill-back suspense account quarterly.
7. Other:
a. Works with property managers and other building staff and/or lenders to resolve accounting related issues.
b. Lease administration related duties:
i. Review lease information input accurately into the accounting system.
ii. Prepare and maintain financial reports related to leases, including rent roll, lease abstracts, and occupancy/vacancy reports.
iii. Collaborate with the property management team to manage lease renewals and amendments.
iv. Assist in preparing documentation for lease audits, both internal and external.
c. Performs the following tasks or special assignments as required:
i. Review work (journal entries, monthly operating reports, workpapers, etc.).
ii. Assist in performing accounting due diligence of potential acquisitions.
iii. Assist in proper accounting for property sales, trades, acquisitions, or re-capitalizations.
iv. Assist in transitioning accounting related tasks of newly acquired properties.
 
Qualifications:
Bachelor’s degree in accounting. CPA or Master’s in accounting a plus.
Minimum of five years of commercial property accounting experience required with full month-end and year-end general ledger close and financial statement preparation.
Demonstrated proficiency in computer-based accounting applications required. Experience with Yardi or MRI strongly preferred. Experience with budgeting software a plus.
Experience with accounting for a commercial property during the development phase is a plus. 
Experience preparing financial statements based on various accounting methods is a plus.
 
Work schedule:
Monday to Friday PST
08:00 am to 05:00 pm
 
Work set up:
Home based

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