Accounting Manager

True North Management Inc

Accounting Manager

Alexandria, MN
Full Time
Paid
  • Responsibilities

    Benefits:

    Employee discounts

    Health insurance

    Paid time off

    Bonus based on performance

    Company parties

    Free uniforms

    Opportunity for advancement

    Parental leave

    Training & development

    Wellness resources

    True North Management is a growing, service-focused property management company specializing in residential, multifamily, commercial, and vacation rental properties. We are seeking an experienced Accounting Manager to take ownership of the accounting operations supporting our growing property management portfolio.

    This position is primarily focused on real estate and property management accounting, including property-level financials, owner accounting, accounts payable and receivable, bank reconciliations, rent roll reconciliation, budgeting, cash flow management, compliance, and financial reporting.

    The ideal candidate is highly organized, analytical, detail-oriented, and comfortable taking ownership of accounting processes in a growing company. This is a hands-on, senior-level position that will work closely with company ownership, property managers, maintenance, leasing, vendors, property owners, lenders, and outside accounting professionals.

    While accounting is the primary responsibility, this position will also provide limited administrative support for payroll and HR functions. HR responsibilities are secondary to the accounting and property management responsibilities of the role.

    Key Responsibilities

    Property Management & Real Estate Accounting

    Manage full-cycle accounting for a portfolio of residential, multifamily, commercial, and vacation rental properties

    Maintain accurate property-level and company-level general ledgers

    Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, cash flow statements, property financials, and owner statements

    Perform monthly bank and balance sheet reconciliations

    Review and reconcile rent rolls, tenant ledgers, owner accounts, and property-level cash activity within Rent Manager

    Manage accounts payable, including invoice review, coding, approval, and payment processing through AvidXchange

    Manage accounts receivable and ensure accurate posting and reconciliation of rental income, tenant charges, owner charges, and other property revenue

    Process journal entries, accruals, prepaid expenses, depreciation, and other standard accounting adjustments

    Track capital expenditures, property improvements, maintenance expenses, and project costs

    Monitor owner reserves and property-level cash balances

    Identify and investigate accounting discrepancies, unusual transactions, and variances

    Maintain accounting records in accordance with GAAP and established company procedures

    Budgeting, Forecasting & Financial Analysis

    Assist with annual property and company budgeting

    Prepare and maintain property-level budgets and forecasts

    Analyze actual results versus budget and provide variance analysis

    Assist with cash flow projections and financial planning

    Provide financial reporting and analysis to ownership and property managers

    Assist with acquisition, refinancing, and property-level financial analysis as needed

    Identify opportunities to improve property-level financial performance and operational efficiency

    Compliance, Tax & Lender Reporting

    Prepare financial schedules and supporting documentation for property owners, lenders, investors, municipalities, and other stakeholders

    Assist with Tax Increment Financing (TIF) reporting and related documentation

    Monitor loan covenant and lender reporting requirements

    Coordinate with the company's outside CPA and tax professionals

    Prepare year-end accounting schedules and workpapers

    Prepare and issue annual 1099-NEC/MISC forms for applicable vendors

    Complete required resident reporting, including Certified Rent Rolls (CRPs) and other applicable affordability or compliance reporting

    Maintain organized documentation for audits, tax preparation, lender reporting, and other financial requirements

    Payroll & Limited HR Administration

    Although this is primarily an accounting position, the Accounting Manager will provide limited support for company-wide payroll and HR administration, including:

    Process company payroll accurately and on schedule

    Maintain payroll records and coordinate payroll-related reporting

    Assist with employee onboarding and offboarding paperwork

    Maintain confidential employee records and assist with employee benefits administration

    Maintain and periodically update the employee handbook and company policies

    Assist leadership with implementation of HR policies and procedures

    Coordinate with outside HR, payroll, insurance, or legal professionals when necessary

    This position is not intended to function as a full-time Human Resources Manager. HR responsibilities are secondary to the accounting and property management responsibilities of the position.

    Systems & Process Management

    Maximize the effectiveness of Rent Manager, QuickBooks, AvidXchange, Microsoft Excel, and payroll/HR platforms

    Develop and improve accounting workflows, procedures, and internal controls

    Identify opportunities to automate and improve accounting processes

    Maintain accurate digital records and documentation

    Assist with accounting system transitions, integrations, and software implementations as needed

    Help build scalable accounting processes as the company continues to grow

    Leadership & Collaboration

    Work directly with company ownership on financial matters and strategic decisions

    Serve as a key accounting resource for property managers and administrative staff

    Provide financial guidance, reporting, and analysis to management

    Train and mentor accounting and administrative team members as needed

    Participate in leadership and operational meetings

    Assist with company-wide strategic initiatives involving financial performance, process improvement, and operational efficiency

    What We’re Looking For

    We are seeking an accounting professional who can take ownership of the accounting function, understand the unique financial requirements of property management, and help build systems and processes that will scale with a growing company.

    The successful candidate will be comfortable working independently, solving problems, managing competing priorities, and communicating financial information clearly to both accounting and non-accounting team members.

    Flexible work from home options available.