Property Accountant

Opportunity Available to Join a Unique Accounting Team

CWS Capital Partners is a fully integrated real estate investment company that specializes in the acquisition, development, reposition and management of luxury apartments.  While we have a considerable presence in Texas, we also service other markets in North Carolina, Georgia, Arizona, Colorado, Washington, Tennessee, and California.  CWS Apartment Homes is the property management arm of CWS Capital Partners.

Our accounting team is located primarily in Austin, Texas and consists of a team of 20+ dedicated individuals who work hard but still know how to have fun.  We maintain the books and records for approximately 30,000 apartment units held in some 1,200 partnerships and other entities.  It’s a big job that we take a great deal of pride in executing.

What is your Purpose? 

What You Will Do 

Currently, we have an opportunity for a Property Accountant who will be responsible for designated tasks for a portfolio of apartment properties. The position will be trained and supported by one or more members of the accounting team. 

What Your Day Consists Of 

Functions and Responsibilities: 

•  Responsible for the full accounting cycle for 8 - 10 apartment communities. 

• Duties include – journal entries (monthly and quarterly); booking cash and bank reconciliations; balance sheet reconciliations; reviewing financial statements as compared to budget, identifying, and explaining variances where needed; reviewing invoices for proper general ledger coding as well as distinguishing between capital expenditures and operating expenses. 

• The Property Accountant needs an understanding of accounting rules and concepts and the ability to apply them in practice. 

• Ability to prepare specialized investor reporting on a monthly/quarterly/annual basis. 

• The Property Accountant needs to be able to fully comprehend what the reporting is presenting and be able to explain all aspects if needed. 

•  Work with external auditors on an annual GAAP audit. 

• The Property Accountant should be able to fulfil audit requests and be able to provide auditors information that is accurate, timely, and complete. 

•  Assist in the preparation of annual budgets.  

• Certain information is the responsibility of the Property Accountant to enter in the budget template, so the Property Accountant needs to understand what to enter, how it is calculated, what it represents, etc. 

• A plus is the ability to review the work of other Property Accountants at month end to check for accuracy, completeness, etc. This skill will be honed over time. 

• Assist on special projects as needed. 

• The PA needs to be able to work on/complete the project with minimal guidance.  There is an expectation that the Senior Property Accountant will understand what is needed and how to provide it. 

• Example Functions and Responsibilities:   

• Capex Reimb Draws  

• Insurance claim reimbursement draws  

• Property tax and insurance accruals  

• Deferred revenues  

• Prepaid journal entries and reversing JE’s  

• Reclass A/P payables  

• Research/Follow-up on Open Oper Cash Items  

• Reconciliation of Operating Cash  

• Compliance with Lender Reporting 

What You Bring To Us 

Essential Knowledge, Skills, and Abilities:  

• An understanding of the flow of financial statements, both balance sheet and income statement.  

• An understanding of accrual accounting (versus cash basis accounting).  

• An understanding of Retained Earnings /Equity Accounts.  

• An understanding of the flow and workings of the Statement of Cash Flows.  

• An understanding of the concepts and practices of depreciation and amortization.  

• Strong attention to detail.  

• Working knowledge of Yardi Software is a plus 

Minimum Qualifications: 

• College Degree Required, Accounting Degree Preferred 

• 5+ Years of progressive experience in accounting (either public or private); real estate or related field 

What We Offer  

At CWS, our employees are like family. We offer a comprehensive benefits package designed to support your health, financial well-being, career growth, and work-life balance. Benefits include a 50% apartment rental discount for onsite team members and a 20% rental discount for all other employees.  

We offer multiple medical, dental, and vision plan options, company-paid life and disability insurance, paid parental leave, and a 401(k) with company match. Additional benefits include pet insurance, tuition reimbursement,  flexible spending and health savings account options, and our Fitness Bucks program, which helps cover fitness-related activities, equipment, and wellness purchases.  

You'll enjoy paid time off, company holidays, a floating holiday, and a birthday holiday—because we believe in taking care of our team both at work and at home.  

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. The above statements are intended to describe the general nature and level of work being performed.