Multifamily Property Accountant

REEP Residential

San Antonio, Texas

Full-Time | Salary | In-Office

Position Overview

The Property Accountant is responsible for overseeing the financial reporting and accounting operations for a portfolio of multifamily communities and related ownership entities. This role ensures the accuracy and integrity of financial statements, supports month-end close processes, and provides financial insight to support operational and strategic decision-making.

The Property Accountant works closely with asset management, property management, and leadership teams to maintain compliance with company policies, accounting standards, and internal financial controls across multiple entities.

Key Responsibilities

Financial Reporting

• Prepare and review monthly financial statements for assigned multifamily properties and ownership entities
• Ensure financial statements are accurate, timely, and compliant with company reporting standards
• Analyze income statements, balance sheets, and supporting schedules
• Perform variance analysis and provide explanations for fluctuations in revenue and expenses
• Prepare financial reporting packages for leadership and ownership groups

General Ledger & Month-End Close

• Record and post journal entries including accruals, adjustments, and reclassifications
• Perform bank and balance sheet reconciliations
• Reconcile subledgers to the general ledger
• Ensure timely completion of month-end close for multiple entities and properties
• Maintain supporting schedules and documentation for all financial transactions

Multi-Entity Accounting

• Maintain accurate accounting records across multiple ownership entities and property portfolios
• Allocate expenses and shared costs appropriately across properties and entities
• Assist with intercompany transactions and reconciliations
• Ensure proper entity-level financial reporting and documentation

Budgeting & Forecasting Support

• Assist with annual property budget preparation
• Monitor budget-to-actual performance and identify financial trends
• Support forecasting and financial planning activities
• Provide financial analysis to assist property and asset management teams with operational decisions

Compliance & Internal Controls

• Ensure compliance with GAAP and company accounting policies
• Maintain strong internal controls over financial reporting and expense approvals
• Support external audits, lender reporting, and ownership reporting requirements
• Maintain documentation for financial records and transactions

Cross-Functional Collaboration

• Work closely with property management teams to ensure accurate financial reporting
• Provide guidance on expense coding, financial processes, and budget adherence
• Support leadership with ad hoc financial analysis and reporting requests

Process Improvement

• Identify opportunities to improve accounting efficiency and reporting accuracy
• Participate in accounting system enhancements and workflow improvements
• Assist in implementing best practices across accounting and reporting functions

Reporting Structure

Reports to: Director of Finance / Controller

This role collaborates closely with Accounting, Asset Management, and Property Operations teams.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field preferred
• 3–5+ years of accounting experience, preferably in multifamily property management or real estate
• Experience managing financial reporting for multiple entities or property portfolios
• Strong understanding of GAAP and financial reporting practices
• Experience with property management and accounting platforms such as ResMan, AvidXchange (Avid), Yardi, AppFolio, or similar systems preferred
• Strong proficiency in Microsoft Excel
• High attention to detail and strong organizational skills
• Ability to manage multiple priorities and deadlines

Work Environment

This position operates primarily in a professional office environment and routinely uses standard office equipment such as computers, phones, printers, calculators, and financial software systems.

Physical Requirements

This position is primarily sedentary and performed in a professional office environment. The employee is regularly required to:

• Sit for extended periods while working at a computer
• Use a computer, keyboard, and other standard office equipment
• Review financial reports and electronic data
• Communicate effectively verbally and in writing

The employee may occasionally be required to:

• Stand, walk, bend, or reach
• Lift or move items up to 15 pounds