Multifamily Portfolio Accountant in Portland, Oregon at Meritus Property Group

Meritus is comprised of a committed team of commercial and multi-family management professionals that take great pride in being stewards of the built environment, operating assets efficiently, and providing an outstanding tenant experience.

The Portfolio Accountant is responsible for the financial management and reporting of an assigned portfolio of multifamily properties. This role ensures accurate financial reporting, maintains the integrity of property financial records, manages property cash flow, and partners closely with Property Managers, Regional Managers, Asset Managers, and ownership groups to support sound financial decision-making.

The ideal candidate is detail-oriented, highly organized, and able to balance multiple priorities while consistently meeting deadlines in a fast-paced, collaborative environment. This position reports to the Controller.

• Prepare accurate monthly financial statements for an assigned portfolio of properties.
• Ensure financial reporting is completed timely and accurately in accordance with company deadlines.
• Prepare and record monthly journal entries, accruals, and account reclassifications.
• Review and reconcile balance sheet accounts, identifying and resolving discrepancies.
• Audit and reconcile resident security deposit accounts on a monthly basis.
• Assist with year-end financial reporting and audit requests as needed.

• Monitor property cash flow and identify potential financial concerns.
• Communicate cash flow issues or budget concerns to Regional Managers and Asset Managers.
• Process and track:
• • Mortgage payments
  • Property tax payments
  • Insurance payments
  • Owner distributions
  • Owner contributions

• Review monthly bank reconciliations prepared by Accounting Assistants.
• Review and approve accounts payable batches prior to payment processing.
• Provide guidance and support to Accounting Assistants in the areas of:
• • Bank reconciliations
  • Accounts Payable processing through Yardi Procure to Pay (P2P)
  • Utility invoice tracking
  • Accounts Receivable and rental assistance payments
  • Resident move-out accounting
  • Move-in audits

• Partner with Property Managers, Regional Managers, Asset Managers, and ownership representatives to ensure financial accuracy.
• Respond to accounting questions and assist operations teams in resolving financial issues.
• Maintain strong communication with internal and external stakeholders regarding property financial performance.

• Assist with special projects, system implementations, and process improvements.
• Perform other duties as assigned to support the Accounting Department and company operations.

• Bachelor's degree in Accounting, Finance, or a related field preferred.
• Five (5) or more years of property management accounting experience preferred.
• Experience with multifamily property accounting strongly preferred.
• Experience using Yardi Voyager preferred.
• Proficiency with Microsoft Office Suite, including Excel.

• Strong understanding of generally accepted accounting principles (GAAP).
• Excellent analytical and problem-solving skills.
• High level of accuracy and attention to detail.
• Strong organizational and time management skills with the ability to manage multiple priorities and deadlines.
• Ability to work independently while contributing effectively within a collaborative team environment.
• Excellent written and verbal communication skills.
• Ability to maintain confidentiality and exercise sound professional judgment.

• Prolonged periods of sitting and working at a computer.
• Ability to occasionally lift up to 20 pounds.
• Ability to communicate effectively in person, over the phone, and electronically.

This position is primarily performed in an office environment. Following successful completion of training and based on business needs and performance, a hybrid work schedule may be available. Regular interaction with internal departments and ownership representatives is expected.

This job description is intended to describe the general nature and level of work performed by individuals assigned to this position. It is not intended to be an exhaustive list of all responsibilities, duties, or qualifications. Responsibilities may change at any time to meet business needs.