Accountant, Regional

Regional Accountant

• Property Management

Reports to: Assistant Property Controller, MFM

Supervisory Responsibilities: This position has project supervisory responsibilities

Job Classification: Regular, Full Time, Exempt

Schedule: Monday

• Friday 8:00 am

• 5:00 pm (Hybrid after initial training with availability to work from home 1 day per week subject to department needs)

Compensation: $80,000 - 82,000 per year

The Regional Accountant is responsible for preparing financial records for a set of assigned properties. Incumbents must be familiar with all aspects of property management accounting. The Regional Accountant is principally responsible for the properties' accounting functions such as posting transactions, running reports, reconciling accounts, and interacting with the community managers and Regional Managers, while managing select key projects for the accounting department.

The duties listed below are intended only as illustrations of the various types of work that could be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to this position.

• Producing monthly financial statements for a large property portfolio

• Reconciling and preparing the general ledger and providing full documented support for the reported balances

• Leading assigned project(s) for the accounting department, including determining timelines for delivery, assigning responsibility of tasks, and training team members as needed.

• Knowledge of accounting principles applicable to daily operations;

• Prepares monthly journal entries and accruals;

• Team lead on assigned projects, supervising and training team members on their respective areas of the projects, as needed (e.g. residual receipts, payroll management for MFM, managing regulatory agency reporting for department, etc.);

• Liaison between the accounting outsourcing company and MFM accounting team members;

• Processes resident subsidy payments and adjustments, resolving any discrepancies as necessary in a timely manner;

• Processes A/P entries such as utilities and invoices received at the corporate office;

• Processes monthly loan payments and reconciles mortgage impound balances accordingly;

• Works closely with Community Managers and Regional Property Managers to help reconcile tenant accounts/ledgers;

• Participates in preparing and auditing materials requiring analysis of supporting documents and ensures that all entries are entered into the system accurately;

• Provides critical recommendations and support to Regional Accounting Manager on property taxes and insurance allocations;

• Reconcile all bank accounts and general ledger accounts associated with the assigned portfolio;

• Monitor General Ledger activity and coordinate with Regional Property Managers to identify eligible replacement reserve expenses, draft written requests to access funds and submit to applicable affiliate associated with the assigned portfolio;

• Generate appropriate tax accruals and impounds for an assigned portfolio;

• Prepare the debt service data for the annual property budgets associated with the assigned portfolio and provide other input for the budget as requested;

• Assist with the preparation of year-end audit work papers;

• Generate and issue various reports to shareholders and affiliates within the required due date parameters;

• Maintains spreadsheets and/or tracking logs as required by department operations, and

• Performs all other duties as necessary to ensure sound accounting practices at the assigned properties.

REQUIRED SKILLS, QUALIFICATIONS AND ABILITIES:

To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• A High School Diploma or an equivalent and successful completion of two years of college

• Accounting classes and/or three years of accounting work experience.

• Experience in property management accounting is desired.

Knowledge, Skills and Abilities:

• Ability to read and interpret documents such as operating, procedural manuals, and safety documents. Ability to write routine reports and correspondence. Ability to interact/communicate effectively in a professional and pleasant manner with Vendors, Affiliates, Stakeholders, Corporate Shareholders and Company Employees.

• Knowledge of basic accounting principles and General Ledger activity.

• Ability to effectively reconcile account balances, calculate figures and amounts, and apply basic math concepts.

• Ability to operate proficiently within Microsoft Office Programs such as Excel, Word and Outlook and the in-house property management software program. Ability to operate a 10-key with speed and accuracy, fax, copier/scanner, telephone, personal computer, and typewriter.

• Ability to apply principles of logical thinking to a variety of practical situations and accurately follows standardized procedures that may occasionally call for minor deviations.

• Must be able to think rationally beyond a specific set of instructions.

• Must be able to work at a fast pace, perform duties while under pressure and meet deadlines in a timely manner.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this position, the employee must be able to move about the office and access information using a computer and a telephone.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this position. The employee will typically be in a normal office environment with little exposure to excessive noise, dust, fumes vibrations or temperature changes. There will be frequent computer use at a workstation and frequent use of the telephone. The work usually requires working at a fast pace with unscheduled interruptions.

The employee in this position must be knowledgeable about the company's policies and procedures as described in the company Employee Handbook.