Quantum Real Estate Management has an opening for a Property Accountant within our corporate office in Bethesda, Maryland. We are a residential property management company specializing in affordable housing, tax-credit, and non-profit developments. Our goal is to provide our clients with a level of service excellence unmatched by any management company.
The Property Accountant will be assigned a portfolio of properties and be responsible for property level general ledger accounting including but not limited to, expense accruals, expense amortization, and fixed assets; monthly financial reporting, review and analysis of the income statement and balance sheet; assisting in internal and external auditors’ requests, annual budget process; and special projects as assigned. The purpose of this position is to ensure the accuracy and integrity of property level financial statements and facilitate the timely reporting of financial information.
This position reports to the Controller, but will work very closely with other members of the organization
Prepare bank reconciliations and or review bank reconciliations prepared by others.
Produce monthly GAAP financial statements packages for property portfolio.
Prepare monthly account reconciliation schedules and work-papers including roll-forward and analysis of balance sheet accounts (fixed assets, A/R, prepaids, and other assets, accrued liabilities, etc.).
Complete month-end GL property close for managed properties, working with A/P and A/R functional groups to ensure proper income and expense classifications.
Complete quarter-end accruals and GL reconciliations for managed properties.
Support Property Managers in on-going planning/forecasting and variance analysis and annual budgeting.
Assist with year-end GL close for managed properties.
Assist with outside accountants in the completion of annual financial audits and tax return preparation, including the preparation and management of year-end work-papers.
Work closely with the Controller in the management of all accounting processes for managed properties ensuring compliance with HUD, Investor, state and federal regulations, including tax compliance.
Bachelor’s degree in Accounting, Finance or similar discipline preferred. CPA a plus but not required.
4+ years of Relevant Accounting experience in full cycle accounts payable and general ledger in a multi-entity noncommercial real estate environment.
Experience with Affordable Housing, Section 8 and Tax Credit housing a plus.
Knowledge Skills and Abilities:
Ability to prioritize tasks and thrive in a high volume, deadline-oriented environment.
Ability to cooperate and communicate with others both verbally and through writing.
Working knowledge of GAAP.
Ability to evaluate processes and provide input on best practices.
Experienced in Onesite property management software package or similar software.
Excellent analytical skills and proficiency in Microsoft Word, Excel, and Outlook are critical.
Strong organizational skills and the ability to coordinate complex activities, prioritize conflicting demands, and meet deadlines
Demonstrated accuracy and reliability.
Additional Salary Information: Commensurate with experience
Quantum Real Estate Management, LLC AMO, located in the Washington DC metropolitan area, is a property management firm that specializing in residential management.
For over twenty years Quantum has managed a diversified portfolio of multifamily HUD subsidized housing, Senior Independent Housing, Low Income Tax Credit housing, condominiums and HOA's.
Quantum operates with a team of experts in t...he field of property management, HUD and LIHTC specialist, and experienced property management people. We are fun to work with too!
IREM encourages diversity. We welcome individuals of all races, genders, creeds, ages, sexual orientations, national origins, and individuals with disabilities. Our organization strives to provide an equal opportunity environment among its members, vendors, and staff. Click here to learn more.