Property Accountant

Property Accountant

Job Location: Hybrid in Minot, ND or Minneapolis, MN

Work Schedule: Monday - Friday 8:00AM - 5:00PM

Unlock Your Future in Real Estate- Join Our Team as a Property Accountant! Are you ready to dive into the dynamic world of real estate accounting? We’re looking for a detail-oriented, results-driven Property Accountant to help shape the future of our growing portfolio. If you thrive in a fast-paced environment and have a passion for financial strategy, this is your opportunity to make an impact in one of the most exciting industries.

As part of the selection process, all candidates are required to complete a 35-minute pre-employment assessment once they complete the job application. Completion of this assessment is mandatory for further consideration of your application. Failure to complete the assessment will result in the discontinuation of your candidacy for the position. Want to learn more about the assessment? Click here!

What's in it for you?

The base salary for this position is expected to be at $52,000 - $75,000/year plus annual bonus, with the actual base salary amount dependent on several factors, including but not limited to a candidate's credentials, relevant experience, and primary job location, with consideration given to internal equity.

This position is also eligible for:

• Annual Performance Bonus
• 10 Paid Holidays, Paid Birthday Holiday, Paid Diversity Day
• Paid Caregiver and Paid Parental Leave
• 20% Rent, Parking, and Storage Discount for Centerspace rents
• 32 Paid Hours of Volunteer Time Off
• Medical/Dental/Vision Benefits – 1st of Month Following Start Date
• Centerspace Stock Purchase Plan
• 401(k) match up to 5% per paycheck
• Tuition Reimbursement & Scholarship Program

About Centerspace: Centerspace was founded in Minot, North Dakota, in 1970. You can find our corporate support offices located in Minneapolis, Minnesota and in Minot North Dakota, along with onsite operations in six states. From Denver, CO to Minneapolis, MN, our company continues to grow throughout the Midwest, proudly providing apartment homes to thousands of residents, extending our vision to be the premier provider of apartment homes in vibrant communities by focusing on integrity and serving others. Centerspace is built around our employees. Our Mission and Vision unites our employees as one team.

Summary

Responsible for financial transactions, balance sheet reconciliations, and reporting for a portfolio of residential and commercial properties. Partners with community leaders to support operations of the properties. Works on special projects, as assigned.

Expectations

Adheres to established policies and procedures while accurately calculating, posting, and reconciling financial data in a timely manner. Able to work in a fast-paced environment.

Essential Duties & Responsibilities

• Creates and maintains property accounting records and files.
• Records and posts financial transactions. Prepare journal entries and provide supporting documentation during the close; such as calculating, validating, and recording accruals and expenses, re-classes and adjustments.
• Reviews and approves utility invoice coding prior to payment.
• Maintains and confirms accuracy of recurring GL entries.
• Completes month-end processing, including - but not limited to - completing bank reconciliations, analyzing gross potential rent, and recording monthly management fees.
• Maintains, analyzes, and posts monthly expense accruals.
• Analyzes and prepares month-end reports including variances to budget, prior month, and prior year.
• Leads monthly financial review calls with Community Leaders and Regional Directors.
• Reconciles balance sheet accounts to support ledgers. Ensure reconciling items are properly documented, resolved in a timely manner, and adjustments are prepared.
• Responds to requests for property accounting information from Community Leaders and other internal customers.
• Assists with preparing property budget information within accounting software.
• Collaborate and partner with other teams to address issues.
• Communicate regularly with operational business partners to identify issues and areas of improvement and share knowledge.
• Understand transactional workflow, be knowledgeable about the sources of data, ensure data integrity and collaborate with relevant parties for necessary adjustments.
• Ability to work effectively in a team environment with occasional work schedule flexibility to work with others in different time zones.
• Prepare audit schedules as requested, including the support documentation.
• Ensure compliance with company accounting policies, procedures and internal controls.
• Ensures compliance with US GAAP and applicable entity SOX controls.
• Advise, support and guide site team members in preparing Yardi and Excel reports, depositing receipts, and processing security deposit refunds.
• Monitor Yardi alerts dashboard for returned items, exception receipts and other deposit issues.
• Calculates and records straight-line rent and CAM reconciliations.
• Other duties may be assigned.

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

Supervisory Responsibilities

This job has no supervisory responsibilities.

Travel

Minimal to no travel is required.

Equipment Issued

Standard computer package.

Qualifications

• Education and/or Experience: Bachelor's degree in Accounting (B.A. or B.S.) and/or 2+ years of relevant accounting experience.
• Certificates and/or Licenses: None
• Driving Requirements: None
• Physical Demands: While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with arms; and talk or hear. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
• Work Environment: The noise level in the work environment is usually very quiet.
• Knowledge, Skills, & Abilities:
  • Language Skills: Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
  • Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent, and to draw and interpret bar graphs.
  • Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
  • Computer Skills: To perform this job successfully, an individual should have knowledge of Accounting software, preferably Yardi. Must be highly proficient with spreadsheet programs such as Microsoft Excel.
  • US GAAP and applicable financial statements, specifically a balance sheet and income statement.

6 Keys

Centerspace expects team members to adhere to our 6 Keys, which outline the expectations in place for all team members regarding the attitudes and behaviors displayed while doing the work assigned in any position.

• Do the Right Thing: Integrity, ethics, and accountability guide all of our decisions, with a laser focus on delivering results.
• One Team: We have one mission, one vision, one family, one team. Collaborate. Communicate.
• Serve Others: Respect everyone. Build trust. Deliver outstanding customer service. Develop our communities.
• Dare to Win: Be courageous. Seek continuous improvement. Be bold. Speak up. Exceed expectations.
• Embrace Change: Be flexible. Innovate the future. Encourage and reward creativity.
• Take Action: Lead the market. Be proactive. Execute on the strategy. Capitalize on opportunity.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Additional details regarding competencies and other duties are available upon request. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties of this position.

“Centerspace is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Centerspace is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Centerspace are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Centerspace will not tolerate discrimination or harassment based on any of these characteristics. Centerspace encourages applicants of all ages.”

At this time, we are considering applicants located in the Minot, ND or Minneapolis, MN area.