The General Ledger (GL) Accountant works under the direction of a General Ledger Accounting Supervisor or Manager to perform general accounting work for an assigned portfolio of properties. During the monthly closeout process, the role prepares journal entries to post to the general ledger, financial statements and other reports for each property. The GL Accountant ensures completeness and accuracy of financial statements and related accounting activities. The successful candidate will embody and work to reinforce MAA's Core Values. Those values include:
Appreciating the uniqueness of each individual
Communicating openly and with integrity
Doing the right thing at the right time for the right reasons
Duties and Responsibilities
Applies knowledge of generally accepted accounting principles (GAAP) to the preparation of journal entries for posting to the general ledger, financial statements, reconciliations, and variance analysis during monthly closeout for each property within assigned portfolio.
Applies knowledge of the unique complexities of commercial accounts such as straight line rent amortizations, percentage rentcalculations, assigning and maintaining common area expense (CAM) pools, tax and insurance reconciliations and cross-charging for mixed use portfolios.
Reviews financial statements for accuracy and prepares all necessary accruals, amortizations and reclassifications to complete the final monthly close package to ensure compliance with GAAP standards.
Analyzes balance sheet accounts to ensure accuracy; prepares balance sheet reconciliations with detailed explanations of account balances.
Analyzes monthly utility expenses for completeness by making all necessaryaccruals/adjustments and by providing detailed variance explanations.
Reconciles current month cash receipts; prepares cash reconciliations for each property balancing current month cash balances with supporting bank documents.
Participates in peer review process of work products for quality assurance, including close packages, to ensure completion, accuracy, and timely release to internal and external customers.
Reviews and responds to requests from Operations regarding various property accounting issues and implements corrective actions to resolve.
Participates in general ledger project teams with internal peers and/or external resources.
Assists with completing SOX testing as required by the Internal Audit Department.
Performs other related duties as assigned to meet the needs of the business.
Bachelor's degree in Accounting, Finance, or a related field required.
Two years of professional accounting, finance or related experience required.
Real estate or property accounting experience preferred
Experience with Yardi investment accounting system strongly preferred
Knowledge, Skills, and Abilities
Knowledge of GAAP, financial terms and principles, including cash and accrual accounting methods
Knowledge of accounting practices specific to commercial operations (straight line rent amortization, percentage rent, CAM pools, CAM reconciliations and cross-charging) to perform commercial accounting for mixed use property portfolios
Knowledge of commercial lease contract terms, conditions and concepts to perform commercial accounting for mixed use property portfolios
Knowledge and skill to comprehend, analyze and interpret financial statements
Attention to detail and accuracy with quantitative data and financial calculations
Time management skills to meet deadlines on time-sensitive projects and demonstrate regular attendance and punctuality
Customer service orientation to provide effective and efficient support to internal clients
Skill and ability to clearly and concisely communicate verbally and in writing
Skill in applying critical thinking, analysis and problem-solving methods
Knowledge and skills to manage projects, organize, prioritize, and meet deadlines
Proficiency with Microsoft Office applications (Word, Excel, Outlook and PowerPoint)
Knowledge and ability to operate accounting software applications (e.g., Yardi)
Ability to maintain confidentiality and maintain appropriate discretion
MAA recognizes that talented people are attracted to companies that provide competitive pay, comprehensive benefits and outstanding advancementopportunities. We offer a comprehensive benefits package* including, but not limited to, the following:
* Apartment Discount
* Medical, Dental and Vision Insurance
* Vacation, Sick Leave, and Holiday Pay
* Life and Disability Insurance
* 401(k) Retirement Plan
* Tuition Reimbursement
* Adoption Reimbursement
* Opportunities for promotion and internal career advancement
*Eligibility for benefit plans and programs vary based on hours worked and length of employment.
We are committed to providing service excellence and value to those who depend on us at MAA. Our people-first approach has been transforming properties into communities and apartments into homes for over 25 years. As the largest owner-operator of multifamily apartments in the United States - we are established leaders in the real estate space - bringing tremendous opportunities to those looking to build their careers. We invite you to explore our Brighter View and find your place at MAA!
MAA is a real estate investment trust (REIT) that focuses on the acquisition, selective development, redevelopment and management of multifamily homes throughout the Southeastern and Southwestern regions of the United States.
Our mission at MAA is to deliver superior service and value for our residents, employees and shareholders. We refer to this as creating "A Brighter View" and we are doing it every day.
In fact, we proudly display "Our Brighter View" plaques at every MAA office just to serve as a daily reminder of our focused mission. MAA is committed to remaining true to our rich tradition of service to each other, to our residents, and to our shareholders. We respect the privilege to providing value to those whose lives we touch.
Please click on the links below to learn more about MAA’s culture and corporate charity as well as view MAA’s Corporate Profile: