Realty Management Services, Inc.
Accountant II
Realty Management Services, Inc., Bethesda, Maryland, us, 20811
A full service multi-family real estate firm, ROSS Companies, is looking for an experienced Accountant II. This individual will report to the Accounting Manager and be responsible for the monthly accounting for various multi-family residential properties, report preparation to ownership and lenders, maintaining records and audit workpapers, and supporting the year end close/audit.Responsibilities
ACCOUNTING:
Review the month end GPR (Gross Potential Rent) report for errors prior to posting.Prepare the monthly bank reconciliation and work with the appropriate ROSS team member to clear all open items expeditiously.Prepare month end journal entries for accrued revenues, operational expenses, utilities, insurance, real estate taxes and debt service.Prepare month end journal entry for bad debt reserve.Prepare month end journal entries for amortization of prepaid expenses and deferred revenue.Calculate and post the management fee.Review Capital Expenditures for proper classification; meets property’s CapEx policy.Review A/R and A/P sub-ledgers and ensure they tie to General Ledger.Maintain the audit workpapers for all balance sheet accounts to ensure there is sufficient support for each G/L balance.Work with the Regional Manager for final review of month end statements and make any reclass entries that are necessary.REPORTING:
Submit monthly financial packages to owners and related parties.Submit quarterly financial statements to lenders.YEAR END AUDIT –
If required by lender or owner:
Work with the Property Controller to ensure all prior year audit entries have been posted and that our prior year trial balance agrees with the final audit.Work with the external audit team to deliver requested documents and answer questions.OTHER:
Ensure that the security deposit bank account is adequately funded to meet the jurisdiction's requirement for coverage of the tenant deposit liability. Notify the Accounting Manager if underfunded.Work with the Accounting Manager to submit timely replacement reserve draws.Qualifications
College degree required, Accounting degree preferred.Relevant accounting experience will be considered in lieu of education.5+ years of hands-on property management accounting.Understanding of Generally Accepted Accounting Principles.Ability to understand and interpret financial statements.Detail oriented with excellent analytical skills.Excellent decision-making skills with the ability to use good judgment in resolving issues.Excellent organizational, time management, and follow through skills with the ability to work independently.Professional presence with ability to work well with others.Excellent interpersonal, verbal, and written communication skills.Familiarity with property management and accounting software with good PC skills; Word and ExcelGeneral ledger review and analysis experience preferred.
ROSS Companies is an Equal Employment Opportunity Employer.
ACCOUNTING:
Review the month end GPR (Gross Potential Rent) report for errors prior to posting.Prepare the monthly bank reconciliation and work with the appropriate ROSS team member to clear all open items expeditiously.Prepare month end journal entries for accrued revenues, operational expenses, utilities, insurance, real estate taxes and debt service.Prepare month end journal entry for bad debt reserve.Prepare month end journal entries for amortization of prepaid expenses and deferred revenue.Calculate and post the management fee.Review Capital Expenditures for proper classification; meets property’s CapEx policy.Review A/R and A/P sub-ledgers and ensure they tie to General Ledger.Maintain the audit workpapers for all balance sheet accounts to ensure there is sufficient support for each G/L balance.Work with the Regional Manager for final review of month end statements and make any reclass entries that are necessary.REPORTING:
Submit monthly financial packages to owners and related parties.Submit quarterly financial statements to lenders.YEAR END AUDIT –
If required by lender or owner:
Work with the Property Controller to ensure all prior year audit entries have been posted and that our prior year trial balance agrees with the final audit.Work with the external audit team to deliver requested documents and answer questions.OTHER:
Ensure that the security deposit bank account is adequately funded to meet the jurisdiction's requirement for coverage of the tenant deposit liability. Notify the Accounting Manager if underfunded.Work with the Accounting Manager to submit timely replacement reserve draws.Qualifications
College degree required, Accounting degree preferred.Relevant accounting experience will be considered in lieu of education.5+ years of hands-on property management accounting.Understanding of Generally Accepted Accounting Principles.Ability to understand and interpret financial statements.Detail oriented with excellent analytical skills.Excellent decision-making skills with the ability to use good judgment in resolving issues.Excellent organizational, time management, and follow through skills with the ability to work independently.Professional presence with ability to work well with others.Excellent interpersonal, verbal, and written communication skills.Familiarity with property management and accounting software with good PC skills; Word and ExcelGeneral ledger review and analysis experience preferred.
ROSS Companies is an Equal Employment Opportunity Employer.