Property Accountant

About the role

Roofstock is seeking an Institutional Property Accountant to manage full cycle accounting tasks for our property management division. You will serve as a primary contact for financial reporting, ensuring accuracy for both internal leadership and external clients. In this capacity, you will own the integrity of transaction processing and the reliability of our financial data. You will act as a key liaison between operational teams and finance, translating property activity into clear financial insights. The role requires a disciplined approach to detail and a commitment to maintaining robust internal controls. You will play a critical part in supporting strategic decisions by providing timely and accurate financial information.

Key facts

What you'll do

• Handle daily accounting operations across multiple regional portfolios, ensuring all transactions are processed accurately and efficiently.
• Generate monthly financial reports, including accrual journal entries and bank reconciliations, following GAAP standards to ensure compliance and transparency.
• Calculate and process monthly client distributions, verifying calculations and documenting procedures for auditability.
• Oversee general ledger accuracy and maintain subsidiary ledgers to support detailed financial analysis and reporting.
• Assist Property Accounting Managers with month-end closes and special projects, contributing to tight deadlines and high-quality deliverables.
• Manage tenant ledger reconciliations, billing adjustments, and cash receipt tracking to ensure accounts are current and disputes are resolved.
• Verify invoice coding to ensure compliance with capitalization policies, protecting the company from misclassification risks.
• Collaborate across departments to finalize financial packages, aligning with internal controls and external reporting requirements.
• Investigate historical cash transactions to provide data to Regional Directors and Portfolio Managers, resolving discrepancies and improving data quality.
• Support internal and external audit processes, providing documentation and explanations to facilitate smooth and timely audits.
• Research state-specific accounting regulations to ensure property transactions are handled in accordance with local rules and requirements.
• File annual 1099 and 1096 forms, plus quarterly 592 and 588 filings for the Franchise Tax Board, maintaining strict compliance with filing deadlines.

Requirements

• Bachelor degree in Accounting or equivalent, demonstrating a foundational understanding of financial principles and practices.
• Minimum 3 years of experience in real estate accounting, proving your ability to navigate complex property financials.
• Ability to work in Dallas, Texas, ensuring reliable presence and engagement with the team and stakeholders.
• Authorization to work in the U.S. without H1-B visa sponsorship, confirming your eligibility for employment without third-party work authorization.
• Strong organizational, multitasking, and prioritization abilities, allowing you to manage competing demands effectively.
• Capacity to manage ambiguity and perform in a high-growth startup environment, adapting to changing priorities and responsibilities.
• Commitment to accuracy and compliance, ensuring all financial activities meet company standards and regulatory requirements.
• Willingness to adhere to established policies and procedures, maintaining consistency in financial operations.
• Effective communication skills, enabling you to interact professionally with internal teams and external partners.
• A proactive mindset, taking ownership of tasks and seeking opportunities to improve processes and outcomes.

Nice to have

• Experience in public accounting, providing exposure to external reporting, auditing standards, and client-facing financial processes.

Practical notes

• Compensation is subject to adjustment based on skills, experience, and interview results, reflecting the value you bring to the role.
• Benefits include health, dental, and vision insurance, 401k, paid parental leave, generous PTO, 12 paid holidays, volunteer time off, and subsidies for wellness, home office, and cell phone expenses, supporting your overall well-being.
• Employment is contingent upon passing a background investigation, ensuring alignment with the company's standards and values.
• This position operates in a dynamic environment where adaptability and a willingness to learn are essential for success.
• The role may require extended hours during month-end and quarter-end periods to meet reporting deadlines.
• You will work closely with cross-functional teams, requiring frequent communication and collaboration across locations.
• Proficiency in GAAP accounting principles, Microsoft Excel, and Google Suite is expected to perform essential job functions.
• The successful candidate will be expected to maintain a high level of professionalism and integrity in all interactions.
• You will be responsible for managing confidential information with discretion and adhering to company policies regarding data security.
• Regular attendance and punctuality are critical to ensuring team cohesion and operational efficiency.
• This role offers opportunities for professional growth and development within a growing organization, allowing you to expand your skills and responsibilities over time.