Property Accountant job description template
If you are hiring for this role, start here. This free template is our detailed definition of the position, with everything you need to find and hire the right person. Copy it, add your own requirements, and post it.
What is a Property Accountant?
Property Accountants are financial professionals who mainly work in the real estate industry.
They work with companies, developers, investors, and individuals with daily accounting operations on various public properties.
They perform budget analysis, audit reporting, reconciliation, and more.
Property Accountants also prepare, maintain, and analyze financial records, commercial property agreements, and residential property agreements.
The top Property Accountant skills.
Five things separate a strong hire from a résumé that reads well. Use these as your scorecard criteria.
The job description, ready to post.
Copy it as written, or edit it until it sounds like your company. Both work.
We are looking for a motivated and qualified individual to join our accounting department as a Property Accountant. As a part of our team, you will be responsible for managing and monitoring daily accounting operations for public properties. Your daily duties will include preparing, analyzing, and maintaining account records and transactions, such as credit memos, invoices, tenant billing, and cash receipts. You will also assist in the annual preparation of documentation, audits, and filling processes.
As a Property Accountant, you will be mainly responsible for ensuring all accounting information and annual business plans are completed accurately and within a deadline. To be successful in this position, you should have amazing verbal and written communication, as well as analytical, organizational, and computer skills.
Duties and responsibilities
- Perform daily accounting operations on public properties
- Maintain records of received tenants’ rent
- Conduct account reconciliation to verify tenant statements
- Conduct research and audits to confirm tenants’ inquiries
- Accomplish general ledger entries and manage cash balances
- Review and analyze accounts records, such as credit memos, invoices, tenant billings, and cash receipts
- Provide and issue tenant statements of properties to update owners on revenue and expenditures
- Check input information for property and tenant lease to ensure it’s accurate
- Analyze forecasts to identify cash deficiencies
- Monitor rental notices at the beginning of a new budget operating year
- Assist in the preparation of documents for annual audits and tax filling processes
- Analyze transactions and identify relevant accounting treatment
- Create journal entries to track all income statements and expenses
- Ensure all accounting information and annual business plans are completed accurately and within a deadline
Requirements
- Bachelor’s degree in accounting, economics, finance, or a related field
- Previous working experience in general accounting or estate property accounting
- Excellent knowledge of Generally Accepted Accounting Principles (GAAP)
- Strong computer skills (MS Office, Excel) and experience with accounting software (Quickbooks, MRI)
- Written and verbal communication skills
- Analytical mind
- Organization and multitasking
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Copy it straight into your job board or ATS, or have it emailed to you with the interview questions for this role.
Degree first, then the certification.
Most companies and employers require a Bachelor’s degree in accounting, finance, economics, or business management as a minimum educational requirement for this position.
Candidates should gain experience and knowledge working in the real estate field or property management prior to becoming Property Accountants.
Experience in these fields will help them understand the financial and management aspects of the business.
Certified Public Accountant
Demonstrates expertise in accounting principles and practices.
AICPACertified Management Accountant
Indicates proficiency in financial management and strategic management.
IMACertified Property Manager
Validates knowledge and skills in property management and operations.
IREMSample interview questions for a Property Accountant.
Once you have gathered the applications, work through these in order. Twelve questions across four areas, enough to tell your shortlist apart.
- Could you tell us more about yourself?
- Why did you decide to become a Property Accountant?
- What do you enjoy doing when you’re not working
- What factors influenced your decision to want to work for this firm?
- What is your biggest professional strength?
- What is it that you least enjoy in this job?
- How do you ensure the accuracy and completeness of your work?
- How do you most effectively organize and prioritize your workload?
- How do you think your analytical skills help you during the day?
- Have you ever made a mistake that had a negative effect on the business? How did you handle it?
- What accounting software are you most familiar with?
- Have you ever had to work with a difficult client? Tell us about that experience.
How much to pay when hiring.
Annual pay by percentile. Where you land depends on the size of the cycle they will own, and the 25th percentile is usually where a first analyst hire sits.
Hourly equivalents run from $18 at the 10th percentile to $38 at the 90th.
Candidates may apply under a different name.
Post the title your industry uses and keep the rest of the description. These three roles overlap enough that the same posting usually reaches all of them.
Three titles, one description.
Search behavior varies by industry, so the same job is advertised under several names. If you are unsure which one your candidates search for, run two titles and see which fills.
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Frequently asked questions.
What are the daily duties of a Property Accountant?
Property Accountants are responsible for performing, managing, and overseeing daily accounting operations for public properties.
They collect, analyze, and maintain financial statements, records, and other documentation, analyze transactions, enter data into ledgers and journals, and ensure proper and accurate completion of plans and activities.
What are the necessary skills for Property Accountants?
Property Accountants are required to have excellent verbal and written communication, organization, multitasking, and computer skills.
How much do Property Accountants make annually?
The average annual salary for Property Accountants is $62,655.
What degrees do Property Accountants need?
Property Accountants typically obtain a Bachelor’s degree in accounting, finance, economics, or business management.
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