Senior Property Accountant in New Brunswick, New Jersey at COMMUNITY LOAN FUND OF New Jersey INC

The Senior Property Accountant is responsible for ensuring timely and accurate accounting records for real estate operating properties, analyzing the information presented in financial statements, and supporting the reporting process. The Senior Property Accountant will support the month-end closing process, cash flow, full cycle of accounts payable and accounts receivable, bank reconciliations, journal entries, financial statements, and audits.

• Assists Director of Financial Asset Management with maintain and directing the policies and procedures of the department.
• Acts as Liaison between NJCC and CAPC Financial Management teams.
• Supports development and implementation of accounting policies, recommends changes to policies as needed to increase efficiency or update procedures, and maintains the department’s policy and procedure manual.
• Assists with preparation of annual budget and re-forecasts for all properties.
• Reviews all property payable reports each week and selects invoices for payment upon review of the cash balance report in determining cash availability.
• Perform Month End Close.
• Calculate Management and bookkeeping fees.
• Tie GPR to Rent Roll.
• Enter Journal Entries and Review input of all recurring journal entries.
• Perform bank and Security Deposit reconciliation and maintain Yardi up to date on the rollout of bank reconciliation within the system.
• Reclass Improper GL coding.
• Prepare Tenant Billings.
• Reconciles all accounts receivables monthly.
• Runs weekly payable reports, checking for discrepancies and ensuring bills are paid.
• Reviews inter-company cash transfer requests/requirements.
• Oversees the completion and timely submittal of monthly and quarterly reporting packages. Performs initial review of reporting package prior to submittal to Controller.
• Creates and maintains the schedules (debt service, management fees, weekly cash balance, reserve and escrow) and templates (bank accounts, portfolios).
• Record and manage property taxes and any other financial matters handled on the municipal, state and federal level.
• Provide monthly analysis of operating expense against budget and pro forma to assist property management team in the accuracy and consistency in the financial/operating.
• Prepare subcontractor 1099’s and any other IRS related documentation.
• Compiles quarterly work papers that are submitted to the auditors.
• Monitor and verifies the recording of Bad Debt expense ensuring proper application procedures.
• Monitors all Yardi system updates and changes, reports these to department for possible changes to reporting procedures and updates procedure manual as needed and serves as integral part of Yardi implementation team.
• Perform other related duties assigned.

• 5+ years of property accounting experience; quality experience with the month-end closing process, cash reconciliations, journal entries, and financial audit support preferred; experience with federal grant compliance is a plus.
• BA/BS in Accounting, Finance, Economics or other business-related field preferred.
• Proven knowledge of general ledger, bank reconciliations, and balance sheet reconciliations.
• Proficient in Microsoft Office Suite, Outlook, and in Yardi Voyager or other property management software.
• Excellent verbal and written communication skills.
• Strong analytical, organizational, and vendor management skills.
• Detail-oriented and ability to work independently with minimal supervision.
• Demonstrated ability to handle multiple assignments efficiently and work in a dynamic deadline-driven environment.