Accounts Payable Real Estate

MINGFENG (MICHAEL) PEN G

**** ****** *** ***** *** Cell: 206-***-****

Los Angeles, CA 90038 Email: adyc24@r.postjobfree.com

Residential Property ACCT

Commercial Property ACCT

Fixed Asset / Depreciation

Job Cost

Reconciliation/Reports

KEY SKILLS AND STRENGTHS

Proficient in Yardi and MRI

Proficient in Microsoft Excel

Financial Report Preparation

CAM Reconciliation

Lease Analysis

Financial Analysis

Budgets and Forecasting

Accounts Receivable

Accounts Payable

Monthly Tenant Billing

EDUCATION & TRAINING

CENTRAL WASHINGTON UNIVERSITY, Ellensburg, WA

Master of Professional Accountancy (MPA), July 2013

GPA: 3.74/4.0 Outstanding Student Awards; Dean's Scholars; Top College of Business Scholar. Bachelor of Science in Accounting August 2012

Major: Accounting (with Honors); GPA: 3.89 / 4.0 Summa Cum Laude; Academic Good Standing; Honor Roll EXPERIENCE

IDS Real Estate Group LLC Los Angeles, CA

Senior Accountant, (March 2022– March 2023)

Conduct financial reports for commercial properties.

Reconcile bank activities with GL

Managing the Accounts Payable processes including funding request with corresponding backups

Assist with accounts payable and receivable responsibilities, post management fees, pay owner distributions

CIM Group LLC Los Angeles, CA

Senior Accountant, (April 2021– March 2022)

Conduct financial reports for commercial and residential properties.

Submit monthly billing and billback

Reconcile bank activities with GL for Yardi and Entrata

Calculate management fee

Calculate monthly commission for residential properties.

Review weekly AP

Audit tenant ledger

Research discrepancy for security deposit, AR, prepaid. JSH Properties LLC Renton, WA

Senior Property Accountant, (Jan 2019– April 2021)

Conduct daily operations, monitoring and analyzing accounting data and producing financial reporting information. Preparing accurate and complete monthly financial and accounting reports.

Manage the monthly close process in a timely manner, compile and assist property managers with monthly owner financial packets

Conduct daily cash management and reporting. Perform bank reconciliations, identify, and correct discrepancies

Managing the Accounts Payable processes including coding and entering invoices into the accounting system, verifying and ensuring accuracy of data and corresponding backup.

Managing the Accounts Receivable processes including aging report, collections, and accurate rent data within in the financial system.

Assist with accounts payable and receivable responsibilities, post management fees, pay owner distributions

Reviewing and approving documentation for expense reports and budget variances and ensuring appropriate guidelines and asset PM approvals been followed.

Prepare monthly journal entries, owner, or lender funding requests

Process monthly expense accruals; balance sheet review and analysis

Assist in CAM reconciliations, budgeting, re-forecasting

Reconciling transactions to ensure compliance with Property Management Agreements

Prepare, review and audit monthly, quarterly, and annual financial statements, income and balance sheet statements, budget variance analysis, consolidate statements

Assist with budget setup and analysis

Incoming/Outgoing property transition accounting (tenant ledger balance forwards, security deposit recognition, trial balance forwards, closing proration and understand/interpret closing statements)

Maintain commercial leases, amendments, etc. in system; interpret relevant sections (rent schedules, deposits, operating expense inclusions/exclusions, CAM caps, base year expense calculations, etc.)

Verify the accuracy of property & owner new account setups

Straight-Line Rent calculation and schedule

Greystar Seattle Office Seattle WA

Senior Property Accountant (May 2016– Jan 2019)

Property Accountant (Sep 2014 – May 2016)

Compiled and analyzed financial information in preparation for entry into various financial statements and accounting reports, and made appropriate journal entries for recording in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures

Reviewed budget, revenue, expense, payroll entries, invoices, and other accounting documents and researched and resolved discrepancies as necessary

Performed bank reconciliations and wire transfers for deposit, made mortgage payments and distributions, and ensured accuracy

Maintained and coordinated accounting control procedures by analyzing revenue and expenditure trends and recommending appropriate budget levels to ensure expenditure control

Analyzed and reviewed accounting and financial resources for property acquisitions, dispositions, and closing and budgets and expenditures for local, state, federal, private funding, contracts, grants, and other corporate financial and accounting transactions

Assisted internal and external auditors by explaining journal entries and financial transactions, provided research data and information as requested, and answered questions necessary to complete the audit in a timely manner

Communicated with on-site and other property managers to assist in completing pre-close and close activities, answer questions, provide support, and ensure timely completion of accounting processes for on-time client and company reporting.

Supported on-site and other managers to re-issue resident security deposit refund checks and vendor lost checks.

Assisted Asset managers to track rehab project invoices and payment by reviewing and uploading rehab invoices, maintaining job cost tracker, and ensuring accuracy

Reviewed and maintained Depreciation schedules as client requested.

Committed weekly AP, recorded bi-week payroll and allocated payroll between properties as need

Communicated with clients to maintain customized records and reports

Tracked monthly insurance and tax, insuring accurate posting and processing for due dates

Work with General and Regional managers to understand current and proposed real estate industry regulations and company policies. Propose new accounting procedures as needed.

Respond to property manager and owner inquiries

Process tenants move-outs and security deposit settlements

Monitor and maintain internal control directives in compliance with company policies

Collaborate with onsite management to define and implement training and process improvements

Coordinate with project managers to ensure proper approval for billings, change orders, and budget adjustments

I am a numbers person with effective communication skills who loves to juggle multiple projects and personalities. As an organized, efficient planner, I am meticulous and always to accomplish goals one step ahead of my deadlines.

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