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Property Accountant

Greco Properties
locationMinneapolis, MN, USA
PublishedPublished: 6/14/2022
Real Estate
Full Time

Job Description

Job Description

At Greco, our mission is simple: Best the Best. We create vibrant and unique living experiences that elevate neighborhoods and inspire communities. Guided by our core values-Own It. All In. Win Together. -we combine an entrepreneurial spirit with a boutique approach to delivering 5-star service and exceptional results.

As a Property Accountant, you'll be a strong team member supporting AR/AP functions and providing property management support, including move-ins/outs, renewals, and routine lease audits. In this role, you'll help ensure accurate financial tracking, assist with day-to-day operations, and contribute to a positive experience for both residents and internal teams. Strong attention to detail, organization, and collaboration are key to success in this position. By overseeing critical financial processes and maintaining accurate, timely reporting, you'll play a key role in upholding the Greco Seal of Approval through strong fiscal stewardship across each property.

Accounting:

Accounts Receivable:

  • Generate weekly delinquency reports and monitor outstanding receivables
  • Accurately post charges/credits to resident accounts (i.e. Late fees, reservation fees, move-out charges, etc.)
  • Manage rent and fee collections, and coordinate the submission of uncollectible balances to third-party collection agencies or conciliation court for judgement
  • Monthly delinquency reporting
  • Deposit checks
  • Review of monthly UMS collection reports

Accounts Payable:

  • Process payables
  • Review and reconcile vendor statements
  • Process weekly check runs

Monthly Financial Process:

  • Complete bank reconciliations
  • Post reclassifications and accrual entries
  • Record journal entries accurately and timely
  • Reconcile monthly income statements and balance sheets
  • Reconcile monthly rental and parking income

Annual/Semi-Annual Responsibilities:

  • Assist with preparing and distributing 1099 forms to vendors and government agencies
  • Prepare and issue annual CRP tax forms to residents.
  • Assist with year-end procedures.
  • Assist the Accounting Manager with Annual Budget Preparation.

PM Software Management:

Resident Data Management:

  • Assist with posting charges and credits, ensuring resident account balances are correct.
  • Verify and review automated late fees prior to posting
  • Statement of Deposit Account reconciliation
  • Resident Activity
    • Move-ins
    • Renewals
    • Roommate changes & Transfers
    • Add/Drops
    • Move-outs

Administrative/Auditing:

  • Review and reconcile monthly lease audits.
  • Perform subscriber audits on a monthly basis.
  • Oversee UMS processes: move-ins, move-outs, and receivable management.
  • Conduct quarterly vendor audits and manage aged payables.
  • Monthly utility audits.
  • Assist with other duties as assigned.

Minimum and/or Preferred Requirements:

  • Bachelor's degree in accounting preferred, or equivalent combination of education and relevant professional experience, with a minimum of 2 years of accounting experience required.
  • Property management experience is a plus but not required.
  • Experience with Yardi software preferred.
  • Highly organized with strong attention to detail.
  • Ability to multitask and manage competing priorities effectively.

Compensation:

Salary: $72,000 - $78,000 annually, depending on experience + bonus potential

Benefits:

  • Fully paid health/dental for employee
  • Cell phone stipend
  • 401k program with company match
  • Paid time off
  • Mileage reimbursement
  • Bonus potential
  • Free state of the art fitness center access

About Greco Properties, LLC: Greco is a small boutique development and property management firm, with a target market of discerning residents, professional tenants, and value-aligned capital partners. We believe every building has its own story and should be served accordingly. We custom-fit staff and services to match our property's personality and enhance the customer experience. We seek self-starters who are engaged, energetic, and accountable with a passion for creating vibrant and unique living experiences. If you want to Best the Best, we look forward to reviewing your application.