Property Accountant

Overview

Avanath is a real estate private equity firm focused on the preservation of affordable housing across the United States. Avanath owns and manages over 15,000 apartment units totaling $4.0 Billion of assets under management across three investment funds. Avanath manages the investment of large institutional pension funds, retirement systems, endowments, etc.

The Role

At Avanath, we believe that great things happen when talent and opportunity cross paths. We empower our employees to be successful by promoting diversity and teamwork within a positive, rewarding atmosphere.  

The Property Accountant will handle the financial aspect of residential property management.

The accountant must maintain a thorough understanding of property management financial processes, adhere to industry regulations, and contribute to the overall efficiency of the accounting function. Strong attention to detail, organizational skills, and proficiency in relevant accounting software are essential for success in this role.

Qualifications

• Bachelor’s degree in finance/accounting or related
• 3+ years of experience in property
• Understanding of and experience in residential real estate accounting concepts and principles are a plus but not
• Must possess intermediate skill level of Microsoft Office Suite (Word, Excel, PowerPoint), Yardi, Internet and email
• Strong interpersonal skills as well as strong verbal and written communication skills
• Ability to interact effectively with senior executives, business vendors, community associates and investor contacts as
• Ability to work well under time and other
• Strong attention to detail and thoroughness are required for this position

Key Accountabilities

Accounting

• Assisting in the onboarding of currently outsourced residential property management accounting functions, including Bank Reconciliation, Account Reconciliation, AP, Fixed Assets, Accruals, Debt Service, Monthly Close, and other G/L functions.
• Serve as an accounting liaison to Property Management, Acquisitions, Asset Management, and other groups within Avanath to facilitate collaboration and success for the accounting department.
• Facilitates the accounting close process and creates monthly reporting packages and financial statements.
• Assists with ad hoc analysis, reporting, and special projects, as needed.

Community Relations + Customer Service

• Positive interaction and communication with communities regarding operational concerns.
• Assist the team in creating and implementing systems that provide necessary services to property management, community personnel, or investor

Adherence to PM Rules, Regulations and Guidelines

• Respond to any potential housing violations and liability concerns regarding the property in a prompt, transparent and effective

Physical Demands & Working Conditions

• The incumbent in this is classified as essential staff and is expected to report to work and adhere to all safety and business protocols.
• Frequent sitting and walking.
• Occasional travel to other business offices, communities, and events via airline, trains, and automobiles.
• Repetitive use of computer, keyboard, mouse, and phone
• Reading, comprehending, writing, performing calculations, communicating verbally.
• May work in an elevated site, may walk on uneven ground.
• Occasional squatting, bending neck/waist, twisting neck/waist, pushing, and pulling.

How Avanath Supports You

We know that our teams are the heart of our success and growth, and we are committed to showing our appreciation.

We offer:

• Culture Built on Purpose and Core Values - a Commitment to Integrity, a Spirit of Caring, and a Focus on Continuous Improvement.
• Comprehensive Benefits – health, dental & vision, 401(k), personal time off, paid holidays and more!
• Growth is based on achievement and an emphasis on promoting from within our ranks versus just external candidates.
• Development – a commitment to creating opportunities to learn and expand your knowledge in the industry, from online training platforms to training classes to one-on-one coaching.

Diversity & Inclusion

Avanath Capital is committed to fostering, cultivating, and preserving a culture of diversity, equity, and inclusion.

Our human capital is the most valuable asset we have, and Diversity, equity, and inclusion (“DEI”) are at the very core of Avanath’s operating and investment philosophy. We believe that bringing together people with diverse thoughts, backgrounds, talents, and experiences at all levels of our organization, including the executive team, enables us to proactively and creatively achieve our mission to enable opportunities for hard-working American families. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities, and talent that our employees invest in their work represents a significant part of our culture, our reputation, and our achievements.

We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.

Our organization’s diversity initiatives include—but are not limited to—our practices and policies on recruitment and selection; compensation and benefits; professional development and training; promotions; transfers; and the ongoing development of a work environment built on the premise of gender and diversity equity that encourages and enforces:

• Respectful communication and cooperation between all employees.
• Teamwork and employee participation, permitting the representation of all groups and employee perspectives.
• Work/life balance through flexible work schedules to accommodate employees’ varying needs.
• Employer and employee contributions to the communities we serve to promote a greater understanding and respect for diversity.