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Property Accountant
Property AccountantMillennia Housing Management • Cleveland, OH, US
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Property Accountant

Property Accountant

Millennia Housing Management • Cleveland, OH, US
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Job Description

Job Description

The Property Accountant supporting The Millennia Companies will be responsible for performing accounting functions for a select number of properties from the company’s broad and growing portfolio of over 270 affordable and conventional properties in more than 26 states.

Essential Functions and Responsibilities

Daily / Weekly Tasks :

  • For assigned properties, research and answer questions from property operations, lenders, regulators, or investors.
  • Substantiate general ledger transactions by providing proper supporting documentation.
  • Assist with verifying and analyzing business records such as leases or contracts to understand the obligations of the entity and take ownership for the properties’ business level activities.

Monthly / Quarterly Tasks :

  • Prepare account reconciliations and journal entries for assigned balance sheet accounts.
  • For assigned properties, review property trial balances and financial statements for accounting inaccuracies and prepare correcting journal entries as needed.
  • Assist in preparation of actual-to-budget variance analysis including footnotes to the monthly financial reporting package for senior management, lenders, regulators, and investors.
  • Assist in preparation of replacement reserve draws and calculation of management fees
  • Preparation of property tax disbursements and mortgage payments

    • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Required Education and Experience

  • Bachelor’s Degree in Accounting or Finance required
  • 0-2 years of experience in an Accounting environment with a basic understanding of US GAAP and cash basis accounting
  • Understanding of accounting systems preferred, but not required
  • Ability to work in a fact-paced team environment
  • Beginning knowledge of MS Word, Excel and Outlook required
  • Desire to learn property accounting and the affordable housing industry

    • Work Conditions & Physical Demands

  • Strong collaboration skills – works well across functional areas. Excellent relationship-building skills; able to collaborate with various levels of the organization.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
  • While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear, and taste or smell. The employee must occasionally lift or move up to 20 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

    • Values We Seek

  • Respect : Respect is shown by demonstrating a sense of self-awareness and reflecting on one's own words and actions to adapt, grow, and succeed. We embrace our differences while recognizing what brings us together.
  • Collaboration : Collaboration begins with strengthening our relationships with our residents, owners, partners, and employees, relying on strong communication and a deep understanding of the values and needs of all those involved.
  • Service-Focused : Understands what internal and external stakeholders value and anticipates their needs; strives towards creating a meaningful experience and builds lasting relationships.
  • Performance : Achieving exceptional performance requires us all to be working on the right things at the right time and, in doing so, staying aligned with our business fundamentals and priorities. It also requires us to understand the business – carefully and critically analyzing our performance and metrics and weighing options and risks before decisions are made.

    • Expected Hours of Work & Travel

  • Days and hours of work are generally Monday through Friday but may require evening and / or weekend shifts. Regional travel may be required as necessary.

    • EOE / Disabled / Veterans Statement

    We are an Equal Opportunity Employer. Each applicant for employment is considered solely based on job qualifications, without regard to race, color, religion, sex, sexual orientation, genetic information, age, disability, national origin, veteran status, or any other classification protected by law.

    About The Millennia Companies

    Founder and Chief Executive Officer Frank T. Sinito entered the real estate business in 1985 with the purchase of a 14-unit multifamily development in Northeast Ohio, handling all aspects of property management and developing a passion for providing exemplary and caring service to residents. From this start, Sinito went on to acquire additional apartment developments, and, in 1995, he founded The Millennia Companies® (Millennia), a high-performance business enterprise that has grown to operate in a diverse set of sectors; opportunities exist in multifamily real estate development, property management, commercial real estate, hospitality and more. We invite you to thrive in your career here as we serve thousands of residents, clients, and customers throughout our dynamic group of companies.

    You can make a difference at Millennia. Do you value respect, service, performance, and collaboration? These values drive our culture and success, and we recruit employees who embody them. When you join our team, you will be part of an environment that fosters growth and enables excellence. You will also meet passionate employees who work together to advance our mission and create a culture of excellence recognized by industry associations. In 2020, Millennia ranked #1 on the Affordable Housing Finance (AHF) list of Top 10 Companies Completing Substantial Rehabilitation, #4 on the AHF list of Top 50 Affordable Housing Owners, and #18 on the Multi-Housing News list of Top Developers.

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