PROPERTY ACCOUNTANT

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Job Overview

The role of a Property Accountant is essential within Distro's finance team, particularly for their multifamily real estate operations. Accountants in this position will manage crucial financial aspects of Distro's property portfolio, ensuring the accuracy and reliability of financial data.

Key Responsibilities

Financial Reporting

One of the primary responsibilities of a Property Accountant is financial reporting. This involves preparing and analyzing monthly financial statements for each property in the portfolio. Distro places a high emphasis on accuracy and compliance with accounting standards. Moreover, accountants will need to collaborate closely with property management teams to collect and verify financial data, which includes income, expenses, and capital expenditures.

Accountants will also be tasked with generating detailed financial reports for stakeholders, providing insights into property performance and financial trends. Monthly journal entries will need to be posted, and recurring journal entries updated in a month-end reporting workbook to maintain reconciliation of balance sheet accounts.

Accounts Payable and Receivable

In addition to financial reporting, the Property Accountant will manage the property’s accounts payable and receivable. This requires processing and reviewing property-related invoices to ensure accuracy and proper coding. Tenant billing and collections will also fall under this role, addressing outstanding balances and coordinating with management on any delinquencies.

Tax and Audit Compliance

The Property Accountant must also ensure compliance with tax and audit regulations. This entails collaborating with external tax consultants for timely and accurate filing of property-related tax returns. Staying informed about changes in tax laws and regulations will play an important role in ensuring that accounting practices remain compliant. During audit seasons, accountants will assist in preparing schedules and documentation necessary for annual audits.

Required Qualifications

To apply for the Property Accountant position, candidates must minimally possess:

• A Bachelor’s degree in accounting, finance, or a related field.

While not required, a CPA designation is preferred and may enhance job candidacy.

Required Skills

Successful candidates will exhibit a variety of analytical and technical skills, including but not limited to:

• Proficiency in accounting software (e.g., Onesite, MRI).
• Strong Excel skills.
• Comprehensive knowledge of Generally Accepted Accounting Principles (GAAP).

Further key skills articulated include:

• Analytical thinking: Use of data to identify trends in financial performance.
• Attention to detail: Ensuring accuracy in all financial documents.
• Time management: Efficiently overseeing multiple tasks and meeting deadlines.
• Adaptability: Staying flexible to changes within property management and the real estate market.
• Communication skills: Effectively conveying financial information to various stakeholders.

Personal Values and Competencies

Distro is looking for candidates who embody their values:

• Respect: Treating all individuals with kindness and valuing diversity.
• Accountability: Committing to fulfill responsibilities and deliver solutions.
• Integrity: Acting transparently and honestly in all financial dealings.
• Service: Being proactive and socially conscious in approach.
• Excellence: Continuously seeking to know and innovate within the industry.

The ideal candidate will also show commitment to continuous learning about evolving accounting standards, tax regulations, and best practices within the field.

Salary and Benefits

While specific salary details are not provided in the job description, jobs in this field typically offer competitive salaries, particularly for positions requiring a degree and CPA, which signals the value placed on these roles. Moreover, benefits may include performance bonuses, opportunities for professional development, flexible working arrangements, and a friendly workplace culture.

Conclusion

The Property Accountant position at Distro in Colombia calls for individuals who are not only skilled in finance and accounting but who also adhere to a strong ethical framework and possess an eagerness to contribute positively to their team and broader community. If you can manage numbers enthusiastically and meet the outlined qualifications, this role could be an excellent opportunity for career advancement in the field of property accounting.

This job offer was originally published on himalayas.app