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Property Accountant Job Description Template

Job Description Template

Property Accountant Job Description Template

July 18, 2022

Property Accountant Job Description Template

If your business seeks a new team member, and if that team member is a Property Accountant, you’ve come to the right place. Check out this FREE Property Accountant Job Description Template to learn more about this position.

It consists of many important and helpful details, and you can customize it and make it more attractive for your future desirable candidates.

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What is a Property Accountant?

Property Accountants are financial professionals who mainly work in the real estate industry.

They work with companies, developers, investors, and individuals with daily accounting operations on various public properties.

They perform budget analysis, audit reporting, reconciliation, and more.

Property Accountants also prepare, maintain, and analyze financial records, commercial property agreements, and residential property agreements.

Related Job Titles for Property Accountants

The Top Property Accountant Skills

Skill Why it's important
Communication Property Accountants are required to have great verbal and written communication skills. They collaborate with many different people during the day, and their communication has to be on the highest level. On the other hand, written communication is essential when writing and maintaining reports, financial statements, and other data.
Computer Skills Computer proficiency is a crucial skill for Property Accountants. They perform the majority of their duties on the computer and the extended knowledge of MS Office, spreadsheets, and suitable accounting software is a must. They should also be able to quickly and accurately perform data entries into the company’s system.
Analytical Skills Property Accountants must possess strong analytical abilities. Their job entails a lot of reviewing, analyzing, and forecasting. Property Accountants use their analytical skills to conduct periodic and regular analyses and reviews of financial records and statements to ensure the alignment of accounts and balances.
Organization and Multi-Tasking Property Accountants should be highly organized and able to work in fast-paced working environments. They must juggle multiple accounting projects and tasks at the same time and meet tight deadlines. In order to complete every task, Property Accountants should learn how to multitask and prioritize tasks.
Mathematics Skills Numbers are an important part of every accounting job. Therefore, Property Accountants have to be good with numbers. They deal with a variety of calculations, financial statements, and records on a daily basis. Because of that, Property Accountants have to be comfortable with numbers and mathematical operations.

Property Accountant Job Description Template (Free)

We are looking for a motivated and qualified individual to join our accounting department as a Property Accountant. As a part of our team, you will be responsible for managing and monitoring daily accounting operations for public properties. Your daily duties will include preparing, analyzing, and maintaining account records and transactions, such as credit memos, invoices, tenant billing, and cash receipts. You will also assist in the annual preparation of documentation, audits, and filling processes.

As a Property Accountant, you will be mainly responsible for ensuring all accounting information and annual business plans are completed accurately and within a deadline. To be successful in this position, you should have amazing verbal and written communication, as well as analytical, organizational, and computer skills.

Property Accountant Duties & Responsibilities:

  • Perform daily accounting operations on public properties
  • Maintain records of received tenants’ rent
  • Conduct account reconciliation to verify tenant statements
  • Conduct research and audits to confirm tenants’ inquiries
  • Accomplish general ledger entries and manage cash balances
  • Review and analyze accounts records, such as credit memos, invoices, tenant billings, and cash receipts
  • Provide and issue tenant statements of properties to update owners on revenue and expenditures
  • Check input information for property and tenant lease to ensure it’s accurate
  • Analyze forecasts to identify cash deficiencies
  • Monitor rental notices at the beginning of a new budget operating year
  • Assist in the preparation of documents for annual audits and tax filling processes
  • Analyze transactions and identify relevant accounting treatment
  • Create journal entries to track all income statements and expenses
  • Ensure all accounting information and annual business plans are completed accurately and within a deadline

Property Accountant Property Accountant Requirements:

  • Bachelor’s degree in accounting, economics, finance, or a related field
  • Previous working experience in general accounting or estate property accounting
  • Excellent knowledge of Generally Accepted Accounting Principles (GAAP)
  • Strong computer skills (MS Office, Excel) and experience with accounting software (Quickbooks, MRI)
  • Written and verbal communication skills
  • Analytical mind
  • Organization and multi-tasking

Accounting Specialist Interview Questrions

Sample Interview Questions for a Property Accountant

Once you gather up all the received applications, you can use these sample interview questions for Property Accountant. These can help you narrow down your choices and pick the most suitable candidate for the job.

Personal
  1. Could you tell us more about yourself?
  2. Why did you decide to become a Property Accountant?
  3. What do you enjoy doing when you’re not working
Human Resources
  1. What factors influenced your decision to want to work for this firm?
  2. What is your biggest professional strength?
  3. What is it that you least enjoy in this job?
Management
  1. How do you ensure the accuracy and completeness of your work?
  2. How do you most effectively organize and prioritize your workload?
  3. How do you think your analytical skills help you during the day?
Technical Skills and Knowledge
  1. Have you ever made a mistake that had a negative effect on the business? How did you handle it?
  2. What accounting software are you most familiar with?
  3. Have you ever had to work with a difficult client? Tell us about that experience.

What are the Educational Requirements For a Property Accountant?

Most companies and employers require a Bachelor’s degree in accounting, finance, economics, or business management as a minimum educational requirement for this position.

Candidates should gain experience and knowledge working in the real estate field or property management prior to becoming Property Accountants.

Experience in these fields will help them understand the financial and management aspects of the business.

How Much To Pay a Property Accountant When Hiring

Property Accountants earn between $35,000 and $80,000 per year.

Their median annual salary is approximately $62,655.

Hourly wages range from $18 and $38.

The median hourly pay is around $30.

Percentile 10% 25% 50%
(Median)		 75% 90%
Hourly Wage $18 $25 $30 $34 $38
Annual Wage $35,000 $52,500 $62,655 $70,000 $80,000

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Frequently Asked Questions about Property Accountants

 

What are the daily duties of a Property Accountant?

Property Accountants are responsible for performing, managing, and overseeing daily accounting operations for public properties.

They collect, analyze, and maintain financial statements, records, and other documentation, analyze transactions, enter data into ledgers and journals, and ensure proper and accurate completion of plans and activities.

What are the necessary skills for Property Accountants?

Property Accountants are required to have excellent verbal and written communication, organization, multitasking, and computer skills.

How much do Property Accountants make annually?

The average annual salary for Property Accountants is $62,655.

What degrees do Property Accountants need?

Property Accountants typically obtain a Bachelor’s degree in accounting, finance, economics, or business management.

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