Financial Accounting Specialist
hace 4 días
Bell Properties is a leading provider of property management services, specializing in residential, commercial, and industrial properties across California. We are seeking a highly skilled Financial Accounting Specialist to join our team.
Job SummaryThe Financial Accounting Specialist will be responsible for handling all accounting functions related to a portfolio of properties, including financial reporting, budgeting, accounts payable/receivable, reconciliations, and compliance with accounting standards. This individual will work closely with property managers, owners, and the finance team to ensure accurate and timely financial information.
Key Responsibilities- Financial Reporting & Month-End Close
- Prepare and analyze monthly, quarterly, and annual financial statements for assigned properties.
- Complete month-end and year-end close processes, including journal entries and reconciliations.
- Generate and review financial reports, including income statements, balance sheets, and cash flow statements.
- Work with property managers to ensure financial data aligns with property performance goals.
- General Ledger & Reconciliations
- Maintain and reconcile general ledger accounts for assigned properties.
- Perform bank reconciliations for multiple accounts, ensuring accuracy and proper documentation.
- Investigate and resolve discrepancies in financial records.
- Accounts Payable & Receivable (AP/AR) Management
- Process and review accounts payable invoices, vendor payments, and utility bills.
- Monitor and track accounts receivable, including tenant rent payments and late fees.
- Work with property managers to ensure timely collection of outstanding balances.
- Prepare tenant CAM (Common Area Maintenance) reconciliations and annual escalations.
- Budgeting & Forecasting
- Assist in the preparation of annual property budgets and reforecasts.
- Track budget variances and provide financial insights to property managers and owners.
- Support the preparation of financial models and cash flow projections.
- Compliance & Tax Support
- Ensure compliance with GAAP (Generally Accepted Accounting Principles) and accrual-based accounting standards.
- Assist in tax preparation and reporting, including property tax filings and 1099 processing.
- Maintain compliance with rent control, affordable housing, and HUD accounting regulations where applicable.
- Audit & Internal Controls
- Assist with external audits, financial reviews, and internal controls to ensure financial accuracy.
- Maintain accurate records and documentation for audits and owner inquiries.
- Owner & Stakeholder Relations
- Prepare and distribute monthly financial reports to property owners and investors.
- Address owner inquiries regarding property financials and provide necessary support.
- Assist in investment reporting and fund accounting as needed.
To be considered for this role, you must have a Bachelor's degree in Accounting, Finance, or a related field and at least 3 years of experience in property accounting. You should be proficient in property management accounting software and have strong Excel skills. Additionally, you should have excellent communication and problem-solving skills.
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