Accountant (Property Management) - Hyderabad
1 week ago
Job Description:
We are looking for a sharp, experienced Property Management Accounting Team Member with a strong
understanding of accounting, financial analysis, and property management processes. This position requires
US Accounting experience within the property management industry.
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 2-4 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.
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