Senior Accountant (Property Management)

Job title: Senior Accountant (Property Management)

Company: Lion Real Estate Group

Job description: Lion Real Estate Group, established in 2007 by Jeff Weller and Mory Barak, is a US-based investment firm with a niche focus on acquiring B/C multifamily assets in the Sun Belt states. The co-founders have completed $2.5 billion of real estate transactions and have office locations in Dallas, TX (headquarters), Los Angeles, CA and Nashville, TN. The firm currently owns and operates over 6,800 units across 29 multifamily properties located in the Los Angeles, Nashville, Dallas, Austin, Houston, Atlanta, and Charlotte markets.(Recruiters/Agencies: Please do not respond to this ad.)The Senior Accountant is a self-motivated, detail- and deadline-oriented professional with experience in financial statements preparation and month-end and year-end close process. Strong understanding of basic accounting principles and GAAP accounting required.SENIOR ACCOUNTANT – Essential Functions * Manage the day-to-day accounting of assigned assets

• Assist in monitoring operating cash accounts and cash position
• Reconcile bank accounts including researching tenant deposits, posting manual checks, and recording cash transfers
• Reconcile loan reserve and impound accounts
• Perform month-end, quarter-end, and year-end close including reconciling general ledger accounts to subledgers and supporting schedules
• Review financial reporting packages for completeness and accuracy prior to distribution and provide to investors and management timely
• Interpretation and application of property loan documents, operating agreements, organizational charts, and other pertinent documents to ensure compliance
• Prepare monthly and quarterly actual to budget variance analyses
• Prepare and maintain monthly and quarterly equity roll-forward schedules
• Update and maintain schedules for property tax, property insurance and Balance Sheet accounts
• Post journal entries for month-end and year-end close including operating expense and capital expenditure accruals
• Record audit adjusting journal entries and reconcile financial statements to audited financial statements
• Calculate property, asset, and construction management fees
• Calculate franchise tax and ensure timely annual filing
• Calculate debt covenant and ensure compliance
• Update and maintain fixed asset and depreciation schedules and calculate monthly depreciation and amortization expenses
• Update and maintain investor required construction sources and uses workbook
• Calculate and manage partner equity contribution, distribution and retained earnings
• Update and maintain capital contribution schedules for each partnership
• Gather capital expenditure invoices for capital call and prepare capital call notices
• Prepare Lender required quarterly and annual debt compliance packages
• Assist in monitoring Lender required replacement and repairs for completion
• Prepare Lender reserve draw requests including gathering invoices and completing required forms
• Liaise with internal and external business partners such as operations and accounting teams, investors, lenders, and auditors
• Respond to investor requests in a professional and timely manner
• Assist in coordinating annual financial audits including preparing and providing support to external auditors as requested
• Work closely with operations to ensure accuracy and timely operating reporting
• Research and resolve invoice discrepancies with accounts payable and/or operations
• Monitor monthly tenant rent relief receipts from government agencies
• Participate in the annual budget preparation providing operating expense information as required
• Assist with reconciling investor distributions and tax preparation at year-end
• Ad-hoc projects and assignments as directed by supervisor
• Maintains regular and consistent attendance according to required work schedule decided by the Company
• Provides exemplary customer service to residents, prospects, and guests and represents the Company in a professional manner at all times

SENIOR ACCOUNTANT – Required Skills/Abilities

• Excellent verbal and written communication skills. (English)
• Excellent interpersonal and customer service skills.
• Excellent organizational skills and attention to detail with high level of accuracy.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Proven ability to maintain sensitive and confidential information
• Team player with ability to Work well and collaboratively with others and develop positive working relationships
• Ability to work independently, prioritize duties, manage time efficiently, and multi-task.
• Ability to function well in a high-paced and at times stressful environment.
• Proficient with real estate ERP software such as Yardi Voyager preferred
• Proficient with Microsoft Office suite, particularly Excel, required
• PAYscan experience ideal

SENIOR ACCOUNTANT – Education and Experience

• Bachelor’s degree in accounting, finance, or a related field
• Minimum 3 years of accounting experience, property accounting preferred
• Residential multifamily environment preferred
• Strong understanding of basic accounting principles and GAAP accounting required

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Expected salary:

Location: Dallas, TX

Job date: Thu, 20 Mar 2025 06:21:46 GMT

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