KW PROPERTY MANAGEMENT AND CONSULTING · 14 hours ago
Property Accountant
Miami, FL
Full-time
Onsite
Entry, Mid Level
1+ years expKW Property Management and Consulting is seeking a Property Accountant to manage the accounting and financial analysis of associations. The role involves responding to requests, preparing financial statements, and ensuring compliance with accounting standards while adhering to the company's values and mission.
ConsultingReal Estate
Responsibilities
Daily Respond to requests from field staff and/or Board Members within a timely manner. As a form of policy, a professional response must be provided within 24 hours of request. If request cannot be turned around in prescribed timeframe, then accountant must inform requester of such
Respond to requests from corporate staff within a timely manner, as stated above
Keep abreast of any material transactions that may affect cash availability
Assess tasks and prioritize them to ensure completion of deliverables by deadlines
Clear review notes that may have been left to resolve from prior accounting periods
Perform administrative functions including but not limited to: record keeping and filing
Weekly Approve weekly payables for assigned Associations, managing cash availability while keeping in mind the priority of payment policy established by KW: utilities, insurance, payroll and then contractual obligations
Review the accounting period and general ledger account classification of AP invoices
If there is an external security deposit detail, verify security deposit refunds as needed
Prepare bank transfers as needed to transfer reserve funding, application of special assessments, etc
Monthly Reconcile bank accounts for assigned associations
Go through and perform the items listed on the Monthly Checklist for Financial Statement Preparation
Prepare the Financial Package for each assigned association by the contractual deadlines, which includes: Balance Sheet, Income Statement, Bank Reconciliations, Delinquency/Prepaid Reports, Accounts Payable Detail and Check Register
Reconcile each line item on Balance Sheet and provide support for reconciliation by preparing and maintaining Supporting Schedules to the Balance Sheet
If association passed its budget with full/partial reserves, reconcile the reserve fund balance to restricted, reserve cash balances
If association passed a special assessment, reconcile the special assessment fund balance to restricted, special assessment cash balances. Repeat for each special assessment passed by association
If Association approved “pooled reserves,” prepare a supporting schedule that details the reserve line items funded
Prior to submission for review, analyze the financial statements to ensure they are presented on an accrual basis and appear properly stated. In order to efficiently do this, you are recommended to run a month by month report (i.e. “12MB” for Balance Sheet and “12MO” for income statement) to assess trends and to ensure that the financial statements comply with accrual basis of accounting
If you are assigned a developer-controlled association, you must do the following:
Track important dates and meetings, such as the Guarantee Period and board elections, turnover, and budget approval meetings, by keeping an open line of communication with field staff
While under Guarantee period, invoice developer for monthly deficit
After Guarantee Period, coordinate with AR Supervisor to move in developer into unsold units
After Guarantee Period, invoice developer for assessments due on their units
Annually• Fill in Budget Worksheet with month to month actual balances
Fill in Budget reserve schedule
Immediately following the election of an audit firm, request from auditor list of required information to start audit fieldwork
Constantly follow up with auditor to ensure timely progress of annual audit to completion
Upon receiving the audit report draft, perform the following procedures:
Ensure the financial statements properly add across and down
Tie the balances provided in Notes to Financial Statements to financial statements
Obtain proposed audit journal entries and adjusted trial balance
Determine if the audit entries appear accurate by reviewing the entries against the unaudited financial statements provided to auditor and review of any supporting documentation from auditor
Follow up with auditor if there are any discrepancies in their entries
Communicate any events/transactions after year-end that are material to the association (i.e. special assessments, construction project, loan financing, large purchases, etc)
Ensure timely issuance of final audit report by following up with PM/DM to have Board approve draft, sign management letter and receipt acknowledgement
Upon receiving the final audit report, book the audit entries affecting the fund balance
Ensure that an extension is filed if the audit report will not be final on or before March 15
Provide tax accountant with financial information required to file extension, if applicable, or with audit report for final tax return filing
If extension is filed, ensure filing of tax return on or before due date
Qualification
Required
1 to 3 years work experience in related field
Bachelor's Degree in Business Administration with major in Accounting or 10 or more years of experience in preparing financial statements
Should have knowledge of accrual based accounting
Must demonstrate strong organizational skills and a commitment to meeting reporting deadlines
Must have ability to prioritize and multi-task
Must be proficient in Microsoft Office (e.g. Excel and Word.)
Company
KW PROPERTY MANAGEMENT AND CONSULTING
KW PROPERTY MANAGEMENT AND CONSULTING is a management consulting company providing property management services.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2022-09-28Acquired
Leadership Team
Jennifer Santaniello
Regional Vice President, West Palm Beach Region
Recent News
2025-12-16
Company data provided by crunchbase