Property Accountant in Federal Way, Washington at Targa Real Estate Services Inc.

Job Title: Bookkeeper/Property Accountant
Location: Hybrid
Compensation: $70,000-$75,000 DOE, Corporate Exempt
Job Type: Full-Time
Reports To: Accounting Manager

Job Overview

Targa Real Estate Services, a trusted name in property management for over 35 years, is a second-generation, family-owned business known for its commitment to integrity and excellence. We are seeking a detail-oriented and organized Bookkeeper/Property Accountant to join our team.

This role is essential in managing the financial operations of an assigned property management portfolio, ensuring accuracy in accounting, compliance with financial regulations, and timely reporting to property owners and stakeholders. The ideal candidate will have experience in property accounting, a strong grasp of bookkeeping principles, and the ability to thrive in a fast-paced, collaborative environment.

Key Responsibilities

• Financial Management: Prepare and maintain accurate financial records for a diverse portfolio of managed properties, including accounts payable, accounts receivable, and general ledger entries. Perform bank reconciliations and monitor cash balances for each property. Process tenant receipts and ensure accurate allocation to accounts. Review and reconcile monthly financial statements and provide detailed reporting to property owners.
• Move Out Collections: Manage and recover outstanding tenant debts post move–out by communicating with former tenants, negotiating payment plans, resolving billing disputes and maintaining accurate account records.
• Budgeting and Forecasting: Assist with the preparation of annual operating budgets for properties. Monitor variances between actual performance and budget projections, providing recommendations for adjustments.
• Compliance & Reporting: Ensure compliance with relevant financial regulations, including property-specific and tax requirements. Prepare andsubmitmonthly, quarterly, and annual financial reports. Coordinate with external auditors, tax preparers, and other stakeholders as needed.
• Collaboration & Support: Work closely with property managers, owners, and vendors to resolve financial discrepancies. Support internal teams with financial insights and reporting needs. Maintain accurate and organized records for each property.

Qualifications

• Bachelor’s degree in accounting, finance, or a related field preferred, but equivalent work experience will be considered.
• 3+ years of experience in property accounting or bookkeeping, preferably in the real estate industry.
• Proficiency with property management software (e.g., Real Page, Yardi, AppFolio) and Microsoft Office.
• Strong knowledge of GAAP and property management financial principles.
• Excellent attention to detail, problem-solving skills, and ability to meet deadlines.
• Strong communication skills and the ability to work effectively independently and within a team.

Salary and Benefits

• Salary Range: $70,000 – $75,000 per year.
• Benefits: Medical, Dental, Vision Insurance. Two weeks annual vacation. 1-week sick leave. 401k with company match.
• Hybrid: One day in-office required. Can choose to work four 10-hour days or five 8-hour days.
• Annual bonus program.
• Opportunities for professional growth and development within the company.
• Regular offsite team building events and fun activities.
• Collaborative and supportive work environment.

About Targa Real Estate

Targa Real Estate is a full-service property management company that proudly serves Washington State and Oregon. Since 1987, we have provided a diverse range of clients with expert knowledge of the field and a commitment to maximizing a return on their real estate investments. Our comprehensive services include property management, accounting, receivership, and consultations.

Our extensive knowledge combined with drive, dedication, and loyalty to our clients has positioned us as a leader in our industry and a go-to for property management services for over three decades.