Property Accountant
Virtus Real Estate Capital - Austin, TX

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DESCRIPTION

Property Accountant

ABOUT VIRTUS REAL ESTATE:
The Virtus real estate team is composed of a seasoned group of professionals who bring together an extensive array of skills and experience. Members of the team have worked together for a number of years and have honed an approach to real estate investing that places an emphasis on downside protection as well as upside potential.

General Accounting: provide timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting and forecasting. Responsible for reviewing the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expenses, and GAAP adjustments.

Reporting, monthly and quarterly reporting packages on the assigned properties. This includes analysis and support schedules of all balance sheet accounts and explanations of significant variances in income statement accounts.

Work with Virtus' Asset Management team to forecast/budget annual property performance.

DUTIES

  • Monthly analysis of various financial statements in multiple forms
  • Develop and monitor Virtus worksheets/templates specific to property management company's ("PMC") books
  • Fund accounts payable (relating to property) - initiating A/P, providing journal entry to the PMC to record in the appropriate period
  • Review and approve monthly cash distributions to the properties
  • Work alongside asset management team to produce necessary reports and answer questions regarding property accounts
  • Administrative:
oSaving all files in Virtus format in respective folders
oConfirming monthly deliverables
  • Fully take on the Virtus Lender statements - billing statements, escrows, confirm payments
QUALIFICATIONS

  • Financial statement analysis - balance sheet, income statement, general ledger
  • 5+ years of experience with commercial real estate accounting
  • Multiple entity/unit/properties (at least 6-10)
  • Must be organized, meticulous, and extremely detailed
  • Business acumen and professional demeanor - will be working with various operating partners, so being assertive yet collaborative is a must
  • Ability to work overtime, when required
  • Works well under pressure and with strict deadlines
  • Full autonomy and self-managed
  • Monthly analysis of various financial statements in multiple forms
  • Develop and monitor Virtus worksheets/templates specific to property management company's ("PMC") books
  • Fund accounts payable (relating to property) - initiating A/P, providing journal entry to the PMC to record in the appropriate period
  • Review and approve monthly cash distributions to the properties
  • Work alongside asset management team to produce necessary reports and answer questions regarding property accounts
  • Administrative:
oSaving all files in Virtus format in respective folders
oConfirming monthly deliverables
  • Fully take on the Virtus Lender statements - billing statements, escrows, confirm payments

Virtus Real Estate Capital - 14 months ago - save job - block
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