Property Accountant

Job Description

Property Accountant | Rise48 Equity

The Tone:
This is a full-time role at Rise48 Equity, located in North Scottsdale, AZ. The Rise48 Group is a real estate investment company with a robust property management team, recently expanding into third-party management to extend its high standards to more communities. This role is crucial for maintaining order and stability in financial reporting, ensuring the meticulous preparation of monthly financial statements and ad hoc reports. The ideal candidate will be a dependable and systematic professional, vital to the accuracy and timeliness of the company’s financial operations.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Scottsdale, AZ
• Team: Accounting Team; reports to a manager.
• Mission: To prepare accurate monthly financial statements and ad hoc reporting for assigned properties, ensuring meticulous financial records and timely communication with property management.
• Tech Stack: Entrata (preferred but not required)

What You’ll Actually Do
• Financial Reporting: Prepare comprehensive monthly reporting packages for 8-10 properties, including financial statements and supporting documentation.
• Account Reconciliation: Perform bank reconciliations for multiple bank accounts and complete balance sheet tie-outs for every property each month.
• Expense Management: Reconcile and review all expenses monthly, including recurring contracts, and prepare necessary journal entries.
• Ledger Accuracy: Review the general ledger for accuracy and communicate effectively with Property Managers and Regional Directors regarding financial information.
• Close Process: Execute a pre-close weekly checklist and collaborate with Accounts Payable and Accounts Receivable to ensure a smooth month-end and year-end close.

The Must-Haves
• Background: Bachelor’s degree in accounting or a similar business-related field, or 1-2 years of general accounting experience.
• Experience: Proven experience in preparing accrual financial statements.
• Skills: Detail-oriented, ability to meet deadlines, strong analytical skills for compiling and analyzing financial information, effective communication with internal teams.
• Bonus: Experience in Property Management or Multi-Entity Accounting, and experience with Entrata.