Property Accountant Goals and Objectives Examples
Ensure the accuracy of property financial statements.
Maintain detailed and organized property accounting records.
Complete monthly bank reconciliations.
Ensure timely payment of property invoices.
Prepare and submit property tax documentation.
Oversee the preparation of annual property budgets.
Conduct periodic audits of property accounts.
Collaborate with leasing team to ensure rent is properly accounted for.
Streamline property accounting processes.
Respond to property accounting inquiries from internal and external stakeholders.
Ensure compliance with generally accepted accounting principles (GAAP).
Work collaboratively with cross-functional teams to achieve property goals.
Provide accurate forecasts of property expenses.
Monitor lease agreements and enforce payment terms.
Analyze and report on property performance metrics.
Participate in the preparation of investor reports.
Assess the financial impact of capital expenditures on properties.
Verify the accuracy of tenant billing statements.
Ensure lease commission calculations are accurate.
Perform fixed asset tracking for properties.
Assist in the preparation of year-end financial statements.
Review operating statements for each property under management.
Calculate and record property depreciation expenses.
Collaborate with property managers to ensure adherence to budgetary guidelines.
Keep abreast of changes in tax laws and regulations affecting properties.
Monitor cash balances for each property.
Produce variance analysis reports for properties.
Provide recommendations to improve property accounting procedures.
Develop and maintain relationships with external auditors.
Complete year-end audits for each property.
Ensure proper handling of security deposits.
Provide support to senior management during budget planning.
Review A/P invoices for accuracy before they are processed.
Collaborate with operations team to identify expense reduction opportunities.
Verify that all maintenance invoices are recorded correctly.
Monitor utility costs for each property.
Develop financial models for new property acquisitions.
Monitor and reconcile intercompany transactions.
Participate in lease negotiations.
Maintain a detailed understanding of property management software.
Assist in the preparation of pro forma budgets for new properties.
Verify insurance policies are up-to-date for each property.
Ensure all expenses are coded accurately to the correct GL accounts.
Analyze tenant retention rates and provide recommendations for improvement.
Review property tax assessments for accuracy.
Collaborate with asset managers to forecast cash flows for each property.
Manage the accrual process for each property.
Participate in annual property inspections.
Provide support during acquisition and disposition transactions.
Serve as the point person for all property accounting inquiries.
Review and approve vendor contracts for each property.
Monitor petty cash balances for each property.
Provide guidance on proper expense allocation between properties.
Ensure compliance with all internal controls over financial reporting.
Assist in the preparation of monthly financial statements.
Collaborate with HR to ensure payroll is recorded correctly for each property.
Develop policies and procedures to improve accounting processes for properties.
Manage property reserve accounts.
Provide training to property management teams on financial best practices.
Review CAM reconciliation statements for accuracy.
Provide recommendations on vendor selection for each property.
Monitor and reconcile prepaid expenses for each property.
Assist in the preparation of annual audit schedules.
Develop rate analysis reports to optimize rental income for each property.
Maintain thorough knowledge of lease agreements for each property under management.
Conduct audits of operating expenses for each property.
Provide support during due diligence processes.
Verify that all lease-related revenue is recorded accurately.
Collaborate with legal team to ensure adherence to regulatory requirements.
Monitor compliance with lender covenants for each property.
Review and approve property management fees.
Develop and maintain monthly property financial reports.
Provide support during investor meetings.
Ensure proper classification of expenses (capital vs. operating) for each property.
Maintain accurate amortization schedules for leasehold improvements.
Provide guidance on expense forecasting for each property.
Assist in debt management for each property.
Ensure compliance with all accounting policies and procedures.
Communicate any relevant tax law changes to property management teams.
Manage the month-end close process for properties under management.