Sr. Property Accountant

2 weeks ago

Mandaluyong City, National Capital Region, Philippines Century Properties Management Inc. Full time ₱900,000 - ₱1,200,000 per year

Job Title: Senior Property Accountant

Location: Mandaluyong City, Metro Manila

Employment Type: Full-Time

Reports To: Property Manager / Finance Manager / General Manager

Job Summary:

The Senior Property Accountant is responsible for overseeing and managing all accounting and financial activities related to the high-rise condominium. This includes budgeting, financial reporting, auditing, and ensuring compliance with regulatory requirements and internal controls. The role plays a key part in maintaining the financial health of the property and ensuring transparent reporting to the Board of Trustees and unit owners.

Key Responsibilities:

Financial Management & Reporting

  • Prepare monthly, quarterly, and annual financial statements for the condominium corporation.
  • Ensure timely submission of financial reports to the Property Manager and Board of Trustees.
  • Reconcile bank statements, accounts receivable/payable, and general ledger entries.
  • Monitor cash flow and prepare cash position reports.

Budgeting & Forecasting

  • Assist in the preparation of the annual operating budget, including capital expenditures (CAPEX) and reserve fund planning.
  • Track actual expenditures against budget and provide variance analysis.
  • Recommend cost-saving measures and ensure prudent use of association funds.

Billing & Collections

  • Oversee billing of association dues, utilities, penalties, and other charges to unit owners.
  • Monitor collections and follow up on delinquent accounts in coordination with the Property Management Office.
  • Ensure proper application of payments and accurate maintenance of unit owner ledgers.

Audit & Compliance

  • Coordinate with external auditors for annual audits and special audits.
  • Ensure compliance with BIR, SEC (if applicable), and other local regulatory requirements.
  • Maintain and update all accounting records and files in accordance with internal policies and standards.

Internal Controls & Process Improvement

  • Implement and monitor internal controls to safeguard the association's assets.
  • Improve existing financial procedures and recommend automation or system upgrades when necessary.

Collaboration & Reporting

  • Work closely with the Property Manager, Admin, and Engineering departments to ensure accurate expense tracking and reporting.
  • Attend Board meetings, present financial reports, and respond to inquiries from trustees and residents.

Qualifications:

  • Bachelor's degree in Accountancy or Finance; CPA preferred but not required.
  • At least 3 to 5 years of relevant experience in accounting, preferably in property management or real estate.
  • Strong knowledge of Philippine accounting standards and government compliance (e.g., BIR regulations).
  • Proficient in accounting software (e.g., QuickBooks, Xero, SAP, or industry-specific platforms).
  • Excellent analytical, organizational, and problem-solving skills.
  • Strong attention to detail and high level of integrity.
  • Ability to communicate financial data clearly to non-finance stakeholders.
  • Experience working with condominium associations or homeowners' associations (HOAs) is a strong advantage.

Work Environment:

  • Based onsite at the condominium office in Mandaluyong.

Job Type: Full-time

Benefits:

  • Health insurance
  • Life insurance

Ability to commute/relocate:

  • Mandaluyong: Reliably commute or planning to relocate before starting work (Required)

Education:

  • Bachelor's (Required)

Experience:

  • Property Accountant: 3 years (Preferred)

License/Certification:

  • CPA (Preferred)

Location:

  • Mandaluyong (Required)

Work Location: In person

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