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Property Accountant, Institutional

Bay Area; California, United States

What we do and why we do it

As the leading end-to-end investment platform for single-family rental homes (SFR), our mission is to make real estate investing radically accessible, cost effective, and simple. We successfully merge our passion for helping investors build wealth through real estate with cutting edge technology that transforms the way they do it.

How it’s going (and growing)

With a talented team of 600+ Roofsters, our collaborative, can-do culture is what fuels our growth. In 2022, we closed on our Series E, raising $240 million, and have offices in California, Texas, and New York as well as many remote opportunities. Our growth includes recent acquisitions of Stessa (financial and asset management software), RentPrep (tenant screening and placement service for landlords), and Mynd (property management platform for both Retail and Institutional investors).

About the Role

The Property Accountant – Institutional will provide full cycle accounting support for the property management team, and function as a key member of the team. This role is responsible for communicating financial results to both external clients and management teams. The skills required to succeed in this role include strong accounting, collaboration, communication skills.

Responsibilities

  • Provide daily accounting functions for multiple regions
  • Prepare and distribute monthly financial reports in accordance with GAAP –prepare monthly accrual journal entries, financial statement preparation/reconciliation and bank reconciliations.
  • Prepare monthly distributions to clients
  • Review and maintain accuracy of general ledgers
  • G/L activity posting, Balance Sheet reconciliation and maintenance of subsidiary ledgers
  • Support Property Accounting Managers with ad hoc projects, monthly closes and distributions
  • Monitor cash receipt postings, tenant billings, billing adjustments and perform tenant ledger reconciliations when necessary
  • Review invoice coding and invoice workflow to ensure adherence to capitalization policies and timely payments to vendors
  • Coordinate with various departments to ensure accounting accuracy and completeness of financial packages
  • Ability to independently research historical cash transactions and provide
  • Portfolio Managers and Regional Directors with timely responses
  • Provide accounting detail and assistance to Property Accounting Managers for all internal and/or external auditors
  • Research new accounting laws and regulations for different states as needed
  • Prepare annual 1099 and 1096 reporting to vendors and IRS
  • Prepare quarterly 592 and 588 forms to Franchise Tax Board on as needed basis
  • Performs ad hoc assignments as needed

Qualifications

  • Bachelor’s degree in Accounting or equivalent preferred
  • 3+ years of Real Estate Accounting experience
  • Experience in Public Accounting highly preferred
  • Proficiency using Excel and Google Suite products
  • High degree of accuracy and attention to detail.
  • Adaptability – maintains effectiveness in varying environments, tasks and responsibilities, or with various types of people.
  • Planning and Organizing – ability to establish a course of action to accomplish goals and evaluate results.
  • Ability to multitask - work successfully under pressure and effectively prioritize and manage time and workload to meet client needs.
  • Client Focus – dedicated to meeting the expectations and requirements of the external and internal client, establishes and maintains effective relationships with clients, and gains their trust and respect.
  • Dealing with Ambiguity – can effectively cope with change, can shift gears comfortably, can decide and act without having the total picture, can comfortably handle risk and uncertainty.
  • Drive for Results – can be counted on to exceed goals successfully, bottom line oriented, pushes self and others for results.
  • Thrives in a fast-paced and start-up environment

Location

 This position is classified as HYBRID within the Greater Oakland Area with an expectation to be in-office on Tuesdays and Thursdays weekly. 

Compensation

 $76,000 - $89,000 range on annual base salary. The compensation range may be adjusted based on experience and location.

Pay Transparency

Our compensation reflects several US geographic markets. The base pay for this position represents the expected salary for this position.  Ultimately, in determining your pay it will be based on several factors including location, job-related knowledge, skills, experience and other job related factors.  Roofstock is a total compensation company; the base salary is only a part of our total compensation package.

Competitive & Unique Benefits Package

  • Generous PTO Policy
  • 13 Paid Holidays
  • Volunteer Time Off
  • Paid Parental Leave
  • 401k Program
  • Wellness and home office/cell phone subsidies
  • Robust health, dental, vision insurance, and more

Must be authorized to work in the U.S. is a precondition of employment and we are unable to sponsor H1-B Visas at this time.

Any offer of employment is conditioned upon the successful completion of a background investigation.  

Commitment to Equal Employment Opportunity 

The company provides equal opportunity in all of our employment practices to all qualified employees and applicants without regard to race, color, religion, sex, gender, gender expression, gender identity, national origin, ancestry, citizenship, age, physical or mental disability, marital status, sexual orientation, military or veteran status, genetic information or any other category protected by federal, state and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training and social, and recreational programs. All such employment decisions will be made without unlawfully discriminating on any prohibited basis.

 

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