Property Accountant
Company: The Donohoe Companies, Inc.
Location: Bethesda
Posted on: May 21, 2023
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Job Description:
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 ofThe Washington
Business Journal'sBest Places to Work!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 monthlyclosing 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-activelyidentify 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.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: The Donohoe Companies, Inc., Bethesda , Property Accountant, Accounting, Auditing , Bethesda, Maryland
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