Property Accounting Manager
Property Accounting Manager
Macdonald & Company
Atlanta Metropolitan Area
See who Macdonald & Company has hired for this role
Position Summary:
Macdonald & Co. is proudly partnered with one of their best clients to appoint a Property Accounting Manager for their growing team in Atlanta, GA.
The opportunity offers career progression, above market compensation, excellent employee healthcare and a hybrid work schedule.
Job Duties:
Development Accounting:
- Prepare financial statements and balance sheet account reconciliations and analysis.
- Oversee cash flow for all development sources.
- Work closely with development coordinators and development managers.
- Manage accounting aspects of property purchases including recovery of predevelopment costs, non-cash transactions, and lender and investor participation.
- Review underlying loan and equity partnership documents and apply proper accounting treatment to financial records.
- Maintain development general ledgers and financial statements for each property.
- Perform budgeting and forecasting for projects; prepare and/or review cash flow projections.
- Perform daily cost tracking research and analysis and create daily weekly, and monthly cost reports.
- Prepare development entity financial reporting for monthly review with development and accounting managers.
- Assist in transition of assets being acquired, disposed, and placed in service.
Property Management Accounting:
- Accounts receivable – Responsible for checking lockbox bank accounts and recording actual deposits into accounting software within client guidelines or within a maximum of 24 hours, updating property managers and clients on delinquencies and collection activity.
- Accounts payable – Process and code invoices for payment to the budget/forecast and forward to property manager(s) for approval and help process the creation and distribution of annual 1099’s.
- Budgets for next budget year and updated current year forecasts in client requested formats.
- CAM/Tax/Insurance Monthly/Quarterly/Annual reconciliations and billings.
- Client specific reports which also include financial reporting experience (Full Cycle to Income Statement & Balance Sheet).
- Reconciliations of bank accounts, subsidiary ledgers to general ledger, and balance sheet accounts.
- Variance analysis for month to date and year to date actual to budget for revenue, expense, and capital accounts.
- Ad Hoc Projects when required.
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Seniority level
Mid-Senior level -
Employment type
Full-time -
Job function
Accounting/Auditing, Finance, and Management -
Industries
Staffing and Recruiting, Real Estate, and Accounting
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See who you knowFeatured Benefits
Inferred from the description for this job
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Medical insurance -
Dental insurance -
Vision insurance -
401(k)
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