Jigar Patel
Ontario
Summary
Dynamic property accounting professional with a proven track record in managing financial operations across diverse property portfolios. Expertise in ensuring compliance with financial regulations while delivering precise and timely financial reporting. A collaborative team player, consistently focused on adaptability and achieving reliable results. Detail-oriented with exceptional problem-solving skills and advanced proficiency in financial software, driving efficiency and accuracy in all accounting processes.
Overview
5
5
years of professional experience
Work History
Senior Property Accountant
Spring Property Group
02.2024 - Current
- Prepare monthly bank reconciliations for 20 multifamily properties.
- Prepare monthly bank reconciliations for all Trust Accounts
- Reconciliation of intercompany transactions
- Deposit all incoming checks into bank and posting them accordingly
- Creating and posting journal entries for monthly accruals such as prepaid insurance, prepaid real estate tax, prepaid software, etc.
- Analyzing financial statements such as 12-month statement, Trial balance, Balance sheet.
- Adjusting monthly income statements as needed and submitting them to lenders monthly.
- Posting charges and receipts for section 8 rent to tenant ledgers.
- Reviewing and approving payables entered by A/P team for accurate GL coding.
- Analyzing rent roll and posting GPR on monthly basis.
- Handling daily cash management such as transferring funds from one entity to another entity as needed and then recording journal entries in the books.
- Recording daily cash transactions into books
Accounts Payable Supervisor
JK Residential Services
10.2022 - 02.2024
- Train and monitor accounts payable clerk on invoice processing procedures.
- Oversee daily operation of accounts payable department including check request, general ledger balancing, handling vendor invoices to ensure that they are processed timely and accurately.
- Maintain accurate accounts payable by associates and vendor records.
- Maintain and file 1099 with IRS for accounts payable department.
- Ensure all accounts payable questions have been answered timely and accurately.
- Build and maintain relationships with vendors and employees.
- Compile and analyze financial reports for the management.
- Month end close for accounts payable department.
Property Accountant
Pro Residential Services
02.2021 - 10.2022
- Prepare monthly bank reconciliations for 28 multi-Family properties.
- Creating journal entries for monthly mortgages, bank interest and bank charges.
- Calculated monthly property management fees and asset management fees.
- Daily cash management including A/P, A/R
- Communicated with property managers and resolved the problem.
- Creating property status reports on a weekly and monthly basis and submitting them to supervisors for review.
- Preparing financial statements for property and submitting them to CPA to review and file taxes.
- Analyzing Rent Roll monthly.
- Reviewing and analyzing rental applications and making a judgement on that.
- Assist in accounts payable.
- Do Market Surveys to determine current market rental rates and submit them to supervisors for review.
- Reviewing and approving maintenance orders daily.
- Provide internal and external audit support including gathering and collecting financial related information.
- Key reviewer and contributor to the lease administration workflow including reviewing lease term inputs for accuracy and helping to determine recoveries and straight-line rent setups.
- Calculate and prepare tenant chargebacks as required such as direct use utilities to tenants.
Education
Bachelor of Science - Accounting, Mathematics, Economics, Business Management, Taxation and Finance
LJ Institute of Accounting
IndiaSkills
-PROPERTY MGMT SOFTWARE PROFECIENY
App Folio, Yardi Voyager, Elevate, Tally, QuickBooks
-PROFESSIONAL COMMUNICATION
Communication via email and phone, Virtual conferencing platforms (Skype, Zoom, Microsoft Teams), Clear and professional written and verbal communication
-OFFICE 365 EFFICENCY
Microsoft Excel, Microsoft word, PowerPoint, Microsoft Outlook
Timeline
Senior Property Accountant
Spring Property Group
02.2024 - Current
Accounts Payable Supervisor
JK Residential Services
10.2022 - 02.2024
Property Accountant
Pro Residential Services
02.2021 - 10.2022
Bachelor of Science - Accounting, Mathematics, Economics, Business Management, Taxation and Finance
LJ Institute of Accounting