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Monday, July 9, 2012

Property Accountant Job in Kenya

Property Accountant

Job Summary

To help their clients or employers, real estate accountants prepare financial records and reports for a variety of real estate transactions, which can include property sales, rentals, leases and time-sharing.

Reports may include items such as development expenses, operational costs and profits.

Develop revenue and expenditure cycle reports, lease abstracts, cash basis income statements and other budget-related items for real estate companies.

Provide investment analysis and planning for organizations seeking to acquire and develop property.
Coordinate appraisal, asset evaluation and capitalization activities.

Duties & Responsibilities:
  • Accounts Payable
  • Funding requests
  • Enter payables
  • Process checks
  • Calculate management fees
  • Contingent rent
Accounts Receivable
  • Tenant billing
  • Cash Posting
  • Reconcile bank statements
  • Monitor parking receipts
  • Maintain and generate rent roll
  • Collections of past due rents
Monthly Responsibilities
  • Preparation of monthly financials
  • Reconciliation of general ledger accounts
Annual Responsibilities
  • Annual budget
  • Rent schedules
  • Operating expense reconciliations
  • Bill for property tax payments
General Duties
  • The accountant works very closely as a partner with on-site property management personnel in achieving overall property management goals. 
  • The accountant will be responsible for the full accounting cycle from generating tenant rent statements, to applying cash receipts, to issuing vendor checks and then complete preparation of a full set of financials and supporting schedules by specified deadlines. 
  • The accountant is also responsible for cash management for the portfolio as well.
  • All financial statements and supporting schedules are customized to accommodate the needs of the client and/or property management.
General Requirements

Experience with investment companies, experience in public accounting and private accounting, being familiar with internal rate of return calculations

Specific Requirements
  • MBA in Finance
  • A BA/BS degree is required in accounting/finance or equivalent extensive accounting experience
  • At least 5 years of accounting experience with an accent on the real estate industry.
  • General Ledger Experience: Creating journal entries, establishing accruals, and actual preparation of financial statements
  • Experience in handling financial reporting for multiple entities is a plus
  • Able to quickly adapt to fast paced environment and learn
Application Process
  • Interested candidates are invited to strictly email their cover letter and CV, clearly detailing their current remuneration and expectations to  before end of day 12 July 2012.
  • Only short listed candidates will be contacted

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