Duties 

• Review and reconcile property income and expenses and bring any discrepancies, problems, or questions to the Regional Property Manager’s attention.
• Work with Regional Property Managers to ensure property operating accounts are maintained at a positive level.
• Work with Regional Property Managers to set up and control systems to stabilize cash situations for financially troubled properties.
• Monitor activity for negative cash properties, including the preparation of negative cash reports, interest charges and journal entries.
• Monitor expenses to ensure compatibility with budgeted amounts. Bring any discrepancies or questions to the Regional Property Manager’s attention.
• Coordinate the submission of audits to the appropriate Regulatory Agencies.
• Respond to audit letters received from the regulatory agencies.
• Assist in preparation of financial reports including monthly financials and any other special report requests from owners, managers, or outside agencies.
• Review financial reports to ensure report accuracy.
• Report distribution system to ensure proper and timely submission of reports.
• Review with Regional Property Managers status of escrow accounts, property taxes and insurance premiums.
• Monitor property investments (i.e. security deposits, surplus cash, utility escrows, reserves) and communicate with Regional Property Managers with requirements and needs of those accounts.
• Coordinate funding of escrows and reserves.
• Supervise and ensure proper banking procedures and maintain an ongoing relationship with Banking Institutions.
• Ensure that the necessary controls and audit trials are accounted for through the various signature cards and balances.
• Assist with Compilation and preparation of reserve reimbursement requests

Direct Supervisor: Senior Property Accountant

External Contacts: On-site staff, USDA, PHFA, HUD

Internal Contacts: President, Senior Asset Manager, Senior Property Accountant, AP Manager, Regional Property Manager and Administrative/AP Specialist

Knowledge/Skills: Excel; Word, Organizational Skills and Office Etiquette/Procedures.

Minimum education requirement: Associates Degree in Accounting or 5 years relevant work experience.

Software: Microsoft Office Suite, YARDI