Property Accountant

Company: Donohoe Companies Inc., The
Location: Bethesda
Posted on: May 19, 2023

Job Description:

Overview:Who We AreFounded in 1930, Borger Management (now Borger Residential) has evolved to become one of the largest property management firms in DC, now managing more than 6000 units and 2 million square feet of commercial space throughout the DC Metro Area, and it continues to grow. Over the past thirty years, the firm has specialized in the renovation, management, and development of multi-family and commercial properties. In January 2023, Borger joined forces with The Donohoe Companies, Inc and became Donohoe's sixth operating division.Why You'll Love Working with UsFor over a century, Donohoe has been a well-respected member of the community and we continue to engage in the communities where we live and work. In our hotels, offices and on Company jobsites, we pride ourselves on a collaborative, diverse and engaging culture which starts with our interview process and continues all the way through to your day-to-day.Benefits and PerksWe are pleased to offer employees a comprehensive Benefits Package that includes health, dental and vision insurance, leaves of absences, 401k retirement plans, commuter benefits, vacation time, holidays, cellphone and hotel discounts, and MORE! Through this selection of benefits and perks, we strive to provide employees with options that will enhance their quality of life in and out of work.Come join us to experience all the reasons why we were voted one of The Washington Business Journal's Best Places to Work!Responsibilities:As a Property Accountant, you are responsible for ensuring the accuracy, completeness, and timeliness of the financial, accounting and reporting functions for an assigned complex portfolio of properties. You will also be responsible for reconciling property bank accounts, subsidiary ledgers and control accounts, preparing annual budget data, annual tax or audit workpapers, and ensuring all required regulatory/jurisdictional filings are completed. In this role, you will enjoy a collaborative learning environment where your skills and experiences will be utilized and maximized for both the benefit of the Company and for your own professional development.In the area of Monthly Statements, you will review property income and expenses and communicate discrepancies, variances or questions with the Property Manager; create and maintain prepaid/accrual schedules and journalize as required; post monthly closing entries; review and reconcile Rent Roll balances, deposits, bank statements and management fees calculations.In the area of Fiduciary Responsibility, you will work with the Property Managers to ensure property cash accounts are maintained at a positive level; coordinate the funding of escrow and reserve accounts; monitor expenses and property investments; pro-actively identify the need for capital calls or requests for funding.In the area of Financial Reporting, you will prepare financial reports, year-end and audit workpapers; assist property auditors with year-end audits and reports; remit quarterly and year-end reporting requirements to lenders.Qualifications:To be successful in this position, you should have: A Bachelor's degree in Accounting, Finance or related field, as well as a minimum of 3 years of property management accounting and real estate experience. CPA designation is preferred, but not required. Expert proficiency in Microsoft Excel/Word/Outlook, Property Management software (MRI or Yardi) is required. Excellent time management, organizational, communication and problem-solving skills. Must have exceptional attention to detail and the ability to work independently in a fast-paced environment.

Keywords: Donohoe Companies Inc., The, Bethesda , Property Accountant, Accounting, Auditing , Bethesda, Maryland