About the Role
This role involves overseeing trust accounting functions specific to property management, including financial tracking, reconciliation, compliance, and reporting to support client operations and regulatory requirements.
Responsibilities
- Manage trust account transactions for property management portfolios
- Ensure accurate recording of rental income and disbursements
- Perform monthly bank reconciliations for trust accounts
- Maintain compliance with regulatory and legal standards
- Prepare financial statements for client review
- Support audit processes with complete documentation
- Monitor trust fund balances to prevent overdrafts
- Process vendor payments from trust accounts
- Coordinate with property managers on financial issues
- Track security deposits and related liabilities
- Resolve discrepancies in tenant payments promptly
- Ensure segregation of funds according to regulations
- Generate periodic trust accounting reports
- Follow internal controls for financial integrity
- Assist in year-end closing procedures
- Respond to client inquiries about account status
- Maintain confidentiality of financial data
- Implement best practices in trust accounting
- Collaborate with external auditors as needed
- Stay current with changes in property regulations
- Support system improvements for accounting platforms
- Verify accuracy of management fee calculations
- Review lease terms for financial implications
- Assist in budget preparation for properties
- Train team members on trust accounting protocols
Compensation
Competitive salary based on experience
Work Arrangement
Hybrid work model with office and remote options
Team
Collaborative team environment focused on financial accuracy
Technology Stack
- Utilizes cloud-based accounting platforms
- Relies on automated reconciliation tools
- Integrates with property management software
- Employs secure document sharing systems
- Uses electronic payment processing
Professional Development
- Opportunities for continuing education
- Access to industry certification support
- Regular training on regulatory updates
- Internal knowledge-sharing sessions
- Mentorship programs available
Not available for this position
