Property Accountant

About Us

Cottonwood Residential has a rich history that spans over twenty years! We are headquartered in Salt Lake City, Utah, and operate in fifteen states across the United States. We own multi-family real estate and manage our communities while delivering the best “home at last” experience for our residents.

Position 

Property Accountant 

FLSA 

Exempt

Supervisor 

Assistant Vice President, Property Accounting 

Work Location 

United States – Remote 

Job Summary 

The Property Accountant plays a critical role in ensuring the financial integrity of a portfolio of Company-owned and managed multifamily residential properties. This position applies GAAP principles to prepare, analyze, and reconcile financial information; supports budgeting and reporting processes; and partners with Operations to ensure accurate and timely financial performance reporting.

Essential Duties & Responsibilities: 

• Prepare and provide financial statements, bank reconciliations, and other accounting reports that have significant influence on the financial results of the Company.
• Review budgets, revenue, expenses, invoices, and other accounting documents. Research and resolve discrepancies as necessary.
• Complete month-end close processes within established timelines.
• Process and post mortgage payments.
• Monthly reconciliation of General Ledger (GL) accounts.
• Post monthly accruals and reclassifications.
• Process and post monthly investor distributions.
• Process resident refunds.
• Process vendor payments.
• Submit capital expense reimbursement requests to lenders.
• Prepare and submit annual budgets and quarterly financial reporting packages to lenders.
• Assist Community Managers and Regional Managers with any accounting-related items.
• Assist with other duties as assigned.

Additional Skills & Competencies: 

• Ability to read, understand, and analyze financial statements.
• Comprehensive understanding of accounting and finance (GAAP) best practices as well as relevant laws and regulations.
• Proficiency in MS Office Suite. Intermediate Excel skills are required.
• Ability to work under tight deadlines.
• Ability to work remotely as a self-starter under minimal supervision. 

Education 

• Bachelor's Degree in Accounting is preferred. 

Experience 

• Minimum 5 years of experience in real estate, multifamily, or commercial property accounting.
• Full knowledge of GAAP.
• Experience with property management/accounting systems. Entrata is preferred.
• Experience handling sensitive and confidential information.

Physical Requirements: 

• Constant need to remain in a sitting position for most of the scheduled workday.
• Constant need for visual acuity in small detail, beyond arm’s reach, peripheral, depth perception, and the ability to adjust focus.  
• Constant need for talking and hearing to communicate with associates.
• Constant need to simultaneously use hands, wrists, and fingers to operate standard office equipment.

Equal Opportunity 

Cottonwood Residential provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Cottonwood Residential complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. 

Other Duties 

This job description should not be considered all-inclusive. It is merely a guide to expected duties. The candidate/employee understands that the job description is neither complete nor permanent, and it may be modified at any time. An employee may be asked to perform additional duties or take on additional responsibilities without notice.

Compensation

Many factors go into determining employee pay within the posted range, including business requirements, prior experience, current skills, and geographical location.

Benefits

• Full health, vision, dental, life, and disability benefits available within 1-30 days
• Generous Paid Time Off (PTO) program
• 401(k) with Company match
• 11 paid holidays
• And more!

Cottonwood Residential has changed the industry by being one of the first apartment management companies to offer Self-Guided Tours which has redefined the customer experience. We will lean on your innovation, desire to learn, and ability to work hard to continue to improve the customer experience at our communities. Get excited to create an unforgettable experience for those who enter our doors because we can’t wait to see you welcome customers to their Home at Last!