Accountant (Property Management)

Property Management Accounting Team Member

You should be an initiative-taker, motivated, with good communication skills and a positive, flexible approach to problem-solving. The applicant should have the ability to thrive in a fast-paced, deadline-driven environment and collaborate effectively with both offshore and onshore teams.

What We Are Looking For:

• Perform day-to-day accounting functions including Bank Reconciliations, Accounts Payable (AP), Accounts Receivable (AR), and Journal Entries.
• Maintain general ledger, post transactions, and assist with month-end and year-end closing procedures.
• Prepare and review Financial Statements (Balance Sheet, Income Statement, and Cash Flow) in compliance with US GAAP.
• Reconcile discrepancies in accounts, including tenant payment histories, vendor invoices, and property-related expenses.
• Ensure all property-related transactions are recorded accurately, including maintenance costs, taxes, insurance, and other operational expenses.
• Prepare monthly and quarterly reports, including variance analysis for budget versus actual performance.
• Provide financial performance metrics such as Net Operating Income (NOI), Cap Rate, and ROI to support management decision-making.
• Support the preparation of property tax filings, vendor 1099 forms, and other compliance-related documentation.
• Assist in the preparation of property budgets and financial forecasts.
• Work closely with US counterparts to understand existing processes and identify improvement opportunities.
• Assist with cash flow forecasting, ensuring sufficient liquidity for property operations and debt servicing.
• Reconcile and clear any unreconciled transactions in various accounts. • Support the preparation of monthly bank reconciliation reports regarding cash deposits and undeposited funds.
• Collaborate with property managers and financial analysts to ensure accurate and timely financial reporting.

Basic Qualifications:

• Should be a Commerce Graduate.

• Strong understanding of US Accounting principles, including US GAAP, property tax regulations, and IRS filing requirements.
• Minimum 2-6 years of experience in property management accounting or real estate accounting.
• Experience in handling property management software (e.g., Yardi, AppFolio, MRI Software) will be preferred.
• Proficiency in General Ledger accounting, accounts payable/receivable, and month-end closing processes.
• Strong experience with bank reconciliations, AR/AP reconciliation, and financial reporting.
• Experience in preparing financial statements, variance analysis, and budgeting.
• Should have excellent communication skills and client interaction experience, especially working with US-based teams.
• Strong willingness to learn and grow in the property management accounting field.

• Should be willing to work in US shifts to coordinate with onshore teams.

• Can join immediately.

• Should work from office

Must have US Property Management Accounting experience to be considered for this opening.

Industry: Outsourcing / BFSI / Accounting.

Permanent Shift: 5:30 PM to 2:30 AM.

Location: Madhapur, Hyderabad.

Notice period: Immediate joiners only.