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Property Accounting Manager

Company: Embrey Management Services LTD
Location: San Antonio
Posted on: February 10, 2024

Job Description:

Join an industry leader that believes its people are their most valuable asset and constantly shows their appreciation, fosters a team-oriented culture, and creates a thriving environment for all; join team EMBREY!

EMBREY also offers competitive pay & benefits (medical/dental and vision insurance. PTO & volunteer hours, a flexible and hybrid schedule with two or three days in the office, 401k - 100% match up to 4% vested immediately. Company-paid life insurance & LTD, corporate office shutdown at the end of the year from Christmas to New Year), and growth opportunities.

Who are we?

San Antonio-based EMBREY is a diversified real estate investment company that owns, develops, builds, and manages multifamily residential communities in six states and eight major markets across the United States. Embrey is a leading developer in the multifamily sector, our market experience and success are hard to match. Embrey is committed to creating places where people want to be and to always do the right thing, this is 'The Embrey Way'.

With nearly 50 years in business, more than 6,000 units under construction, and close to 11,000 units under management, at Embrey, we do more than build places to work and live. We design the experience, and together as ONE EMBREY, we deliver exceptional results.

Our values: Do the right thing - Honest, Responsible, Stewards. Details Matter - Design the experience. Rise to the Challenge - Entrepreneurial, Learning. Own it - Empowered, Accountable.

Experience the EMBREY WAY by joining our dynamic Property Accounting team as a Property Accounting Manager.

As our Property Accounting Manager, you will be responsible for training, supervising, and reviewing the work of Senior Property Accountants and Property Accountants to ensure accurate and timely recording and reporting of property level financial statements in accordance with GAAP and other accounting basis and to ensure compliance with all Embrey policies and procedures.

Responsibilities

  • Oversee, mentor, coach, and develop a team of 3-6 Property Accountants to ensure accurate and timely recording and reporting of property level financial statements.
  • Manage all aspects of the monthly, quarterly, and annual accounting close and financial reporting cycles for assigned properties.
  • Assist Controller of Property Accounting to develop and maintain policies and procedures for Property Accounting.
  • Review monthly financial statements and reconciliations for assigned projects.
  • Collaborate with Support team to prepare prorations and holdbacks for sold and transitioned properties.
  • For projects in development, calculation of monthly interest and tax expense related to in-service percentage to record to income statement.
  • Record settlement statements on sales, refinances, and purchases.
  • Coordinate transition accounting from Construction to Operations.
  • Track holdbacks and maintain accounting for sold entities.
  • Generate cash projections and distributions schedules.
  • Oversee cash management of Property Accountants and maintain tracking schedule of priority payments.
  • Onboard new properties and new ownership requirements for assigned properties.
  • Responsible for annual evaluations for Property Accountants.
  • Educate/train new hires with respect to all job functions.

    Qualifications
    • 7 years of experience in accounting with an emphasis in multi-family property. management accounting or real estate accounting and 2+ years' managerial experience.
    • Experience with Yardi preferred.
    • Excellent communication, time management, and interpersonal communication skills.
    • Strong attention to detail.
    • Bachelor's Degree in Accounting or higher.
    • CPA or CPA eligible preferred.

      We are an equal-opportunity employer and value diversity and inclusion in our workforce. We do not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected status. Our commitment is to provide a fair and inclusive hiring process. All employment is decided on the basis of qualifications, merit, and business need.

Keywords: Embrey Management Services LTD, San Antonio , Property Accounting Manager, Accounting, Auditing , San Antonio, Texas

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