Property Staff Accountant

Quantum Real Estate Mgmt LLC

Bethesda, MD 20816, USA

Published: 6/14/2022

Real Estate

Full Time

Job Description

We are looking for a sharp, detail-oriented Property Accountant who loves reconciling complex ledgers and understands the vital connection between precise compliance and strong financial performance.

General Responsibilities

As a Property Accountant, you will handle the day-to-day financial operations and monthly reporting for a dedicated portfolio of housing properties. This isn't just standard corporate accounting - you will navigate the specialized world of housing subsidies, compliance reporting, and regulatory escrows.

Essential Duties

Full-Cycle Property Accounting: Prepare monthly financial statements, including bank reconciliation, balance sheet review and related reconciliations, income statement, and cash flow analysis for assigned properties.
Audit, REAC Preparation, & Lender Reporting: Lead the preparation of year-end audit packages and work papers for external CPAs, state housing authorities, HUD REAC financial submissions, as well ensuring compliance for lender / investor reporting.
Escrow & Reserve Tracking: Monitor and reconcile delinquent and prepaid balances, replacement reserves, residual receipts, and tenant security deposit escrows in strict accordance with HUD and state guidelines.
Collaboration: Partner with Regional and Property Managers to analyze monthly budget variances and ensure accurate posting of transactions.

Salary Range: $75k - $85k or commensurate with experience.

Benefits: Health, Dental, Vision, & Flexible Spending Account (FSA), Life & Disability Coverage, 401(k) with Company Matching, Paid Time Off.

Company DescriptionAt Quantum, we don’t just manage properties; we build communities. We are a premier residential property management company dedicated to managing high-quality affordable housing. Our diverse portfolio includes HUD, Section 8, and Low-Income Housing Tax Credit (LIHTC) properties.

Company Description

At Quantum, we don’t just manage properties; we build communities. We are a premier residential property management company dedicated to managing high-quality affordable housing. Our diverse portfolio includes HUD, Section 8, and Low-Income Housing Tax Credit (LIHTC) properties.