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  • Location: West LA, California
  • Remote: Remote
  • Type: Direct Hire
  • Job #733

Our real estate client is looking for a Senior Accountant responsible for all accounting functions for several multifamily properties. Core responsibilities include maintaining and supporting the general ledger, recording revenue, accruing expenses, monthly financial reporting, budgeting, forecasting, profit and loss analysis, and every quarter the preparation of consolidated and combined financial statements. This position is based in our West Los Angeles office.


  • Monthly accounting close process including recordation of monthly operational activity
  • Monthly preparation of schedules to support the balance sheet and income recordation
  • Record monthly rental income, and ancillary income, and reconcile cash receipts
  • Prepare monthly bank reconciliations
  • Record and amortize prepaid items such as insurance, loan fees, and deferred income
  • Maintain fixed assets, calculate, and record monthly depreciation and amortization expense
  • Reconcile security deposits to the subsidiary ledger monthly
  • Accrue all property taxes, which includes understanding how property taxes are calculated
  • Record debt service monthly, including principal amortization, interest expense, escrow accounts
  • Understand how to analyze and record bad debt expenses and prepaid rent
  • Record payroll biweekly
  • Record monthly accrued liabilities, including utility expenses, debt service, etc.
  • Record management fee expenses, asset management fees, and other G&A expenses monthly
  • Work with Asset Managers for proper capitalization of fixed assets and operational expenses
  • Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances
  • Complete analysis of financial data and assist with ad hoc projects
  • Prepare monthly financial statement reporting for management and investors
  • Execute monthly forecasting of income, expenses, and cash flow analysis
  • Perform a quarterly consolidation or compilation of financial data
  • Provide accounting support for specific funds
  • Assist in the preparation of the annual budget
  • Coordinate and prepare work papers provided to auditors annually
  • Performs other related duties as assigned

Supervisory Responsibilities

  • Interact with and supervise certain tasks performed by accounts payable personnel

Required Skills/Abilities

  • Excellent verbal and written communication skills with the ability to write and speak clearly and free of typos or grammatical mistakes
  • Treats everyone with respect and dignity, accepts responsibility and takes ownership of tasks, follows through on commitments, takes initiative, and maintains confidentiality
  • Excellent organizational skills and attention to detail, strong time management skills with a proven ability to meet goals and deadlines
  • Ability to function well in a fast-paced, high-volume environment
  • Proficient with Microsoft Office Suite or related software
  • Demonstrated understanding of how to calculate and record interest expense and a preferred return
  • Demonstrated understanding of investment accounting, including cost method, equity method, consolidation, and the differences between each method
  • Demonstrated understanding of fair value reporting versus historical cost and yield calculations

Education and Experience

  • Bachelor’s degree required in accounting or related area of study with a minor or concentration in accounting
  • A minimum of four years of experience in accounting or finance roles, preferably in multifamily property management or commercial real estate environment
  • Understands internal controls for real estate operations and accounting
  • Understands financial reporting and the significance of each financial statement
  • Understands accounting and reporting to investors in funds
  • Strong knowledge of GAAP, modified cash basis, and cash basis accounting
  • Experience in both the private and public accounting sectors is preferred but not required
  • Experience reading and interpreting partnership agreements promote/waterfalls and debt agreements
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