Property Accountant

COMPANY PROFILE:

BMC Investments is a vertically integrated investment, development, and property management platform across a variety of asset classes. BMC has leveraged its principals’ development and investment expertise and currently owns and manages a 6,700-unit multifamily portfolio along with over $250 million of development projects under construction or in the planning stages. Headquartered in Cherry Creek, BMC has grown to over to 200 employees and strives for industry best practices through disciplined acquisition standards and a fully integrated investment, development, and asset management platform, together with its property management affiliate, BLDG Management. BMC has a fast-paced, entrepreneurial culture that focuses heavily on its people. The company has experienced exponential growth since its inception which offers tremendous opportunity for employee advancement within the organization.

POSITION OVERVIEW & PURPOSE

BMC Investments is seeking a strong and experienced full-time Property Accountant to join the accounting team as the Company continues to grow. The ideal candidate will have experience working in a fast-paced, results driven environment. Candidates need the ability to complete periodic and ad hoc reports under strict deadlines and to critically review the reports for accuracy. The Property Accountant will report directly to the Controller and is responsible for the day-to-day accounting of multiple residential and commercial properties, as well as responsible for the accounting of several upper tier level entities. The Property Accountant will be responsible for reviewing A/R and A/P, monthly general ledgers close and financial statement preparation and analysis.

ESSENTIAL DUTIES & RESPONSIBILITIES

· Records and reconciles daily financial information.

· Performs month-end close procedures, including preparation of monthly balance sheet and income statement reconciliations.

· Prepares monthly financial statements including balance sheets, income statements, statement of cash flows, and budget vs. actual variance reports.

· Review monthly variance analysis prepared by Community Managers for accuracy and reasonableness.

· Prepare Monthly Development Draws to lenders

· Review and approve recurring and nonrecurring invoices within payment processing system.

· Assist with annual property budgeting.

· Serves as back up for Accounts Payable processing

· Assists the Property Manager with accounting, budgets, forecasting and general inquiries.

· Prepare and submit replacement reserve reimbursement requests.

· Prepare and submit quarterly use tax returns and review use tax returns prepared by others, if required.

· Assists in the preparation of annual recoverable charges reconciliation and assembles the necessary detail and back-up for the tenant’s use. Prepares management reports, including budget, payroll, insurance, tax, and CAM information.

· Assists Controller with year-end audit requests, as needed.

· Prepare trial balances for annual tax returns including reviewing fixed asset purchases and properly classifying for tax purposes.

· Supports asset management / investment team as needed.

KNOWLEDGE, SKILLS, & ABILITIES

· Excellent written and verbal communication skills, including writing reports, business correspondence, and procedural manuals.

· Ability to effectively present information and respond to questions from general management, asset management, property management, development teams, vendors, and lenders.

· Ability to define problems, collect data, establish facts, and draw valid conclusions.

· Ability to prepare, interpret, and present periodic financial results to senior financial management and property level management.

· Basic computer and software skills, including word processing, data entry and analysis, and presentation development.

· Advanced computer and software skills, including excel or equivalent.

· Ability to appropriately prioritize and manage multiple requests at once.

· Organized, detailed, reliable approach to duties and communication.

· Consistently professional, collaborative, and responsive approach to interactions with colleagues and vendors.

· Strong ability to self-motivate, take initiative, and manage time to accomplish duties and projects independently.

· Excellent judgment and ability to ask for help in critical applications.

QUALIFICATIONS & COMPETENCIES

BASIC

· Bachelor’s Degree in Accounting or Finance required.

· Knowledge of GAAP accounting.

· At least 2-3 years relevant real estate experience preferred.

· Experience with Entrata or other Property Management Accounting system preferred.

· Advanced Excel skills strongly preferred.

· Must be able to provide proof of eligibility to work in the U.S.

The position is fast paced and will have the opportunity to be exposed to the executive team and investors. As the company continues its growth trajectory, this individual will have the opportunity to grow within the organization and continue to set and improve upon several department and organizational initiatives.

Job Type: Full-time

Pay: $55,000.00 – $70,000.00 per year

Benefits:

• Dental insurance
• Disability insurance
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Vision insurance

Schedule:

• Monday to Friday

Supplemental Pay:

• Bonus pay

Education:

• Bachelor’s (Preferred)

Work Location:

• One location

Work Remotely:

• No