Job Description
Coordinate review and approval financial statements for all 3rd party managed properties in the portfolio on a monthly basis.
Provide questions and feedback to property managers and Archway management regarding budget to actual differences.
Propose journal entries to reconcile differences noted during review of financial statements.
Preparation for management review and sign off monthly quarterly and annual financial statements in accordance accounting standards required by various users.
Distribute to various users, including Lenders, CPA's, investors, asset managers and executive management group.
Prepare, for management review, disbursement requests to lenders for various capex and replacement reserve draws
Daily liaison with property managers to distributed invoices and other pertinent information (including bank statements, mortgage statements, escrow reports, etc) to enable prompt and efficient payment of AP and maintain complete accounting records
Review weekly cash reports from property managers.
Report potential shortfalls to management along with underlying support to enable for prompt and timely remedy of cash shortfall situations
Review daily cash held at management level.
Set up wires and ach for review and approval of management for investor distributions and capital requests from property management
Organize new file system, by investment, and migrate all old files from various databases to one central location
Assist management with special projects to achieve more efficient work flow and achieve consistency in reporting
Assist current staff with booking keeping and reporting on in house managed assets
**Job Description**:
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Coordinate review and approval financial statements for all 3rd party managed properties in the portfolio on a monthly basis.
Provide questions and feedback to property managers and Archway management regarding budget to act