Junior Property Accountant
About the job
- A bachelor's degree in accounting, finance, or a related discipline is required.
- Knowledge of general financial accounting and cost accounting is required.
- Understanding of, and ability to adhere to, generally accepted accounting principles is required.
- Proficiency in accounting software is required.
- Proficiency in Microsoft Office Suite or similar software is required.
- A successful background check and drug screening are required.
- A valid driver's license and clean driving record are required.
- Perform full general ledger accounting for an estimated portfolio of 12–15 assigned properties, ensuring financial data and reports are accurate and comply with generally accepted accounting principles and Vesta procedures.
- Prepare draft financial packages, including monthly operating reports, cash management modules, escrow funding, and accounts payable point-in-time ledgers, by the 15th of each month.
- Perform general ledger account reconciliations; record journal entries, monthly accruals, prepaid liabilities, fixed assets, and depreciation; manage multiple bank accounts; and complete other financial tasks needed for accurate, timely reporting.
- Reconcile bank accounts.
- Prepare and post journal entries for bank charges, interest earned, and miscellaneous cash receipts.
- Provide general ledger, accounts payable, accounts receivable, and banking information as needed to support internal review audits.
- Prepare financial components of budgets for internal review in accordance with established deadlines.
- Prepare audit workpapers in accordance with investor, agency, and company deadlines.
- Participate in an annual balance sheet review for all assigned properties.
- Prepare and submit capital expenditure requests (RFR draws) with required documentation to appropriate parties and track the status of funds.
- Manage working relationships with outside parties.
- Perform other duties as assigned.
About the company
Vesta Corporation develops, operates, and owns multifamily and senior rental housing communities, with a focus on affordable housing. It makes strategic real estate investments, then builds, manages, and maintains these properties to create thriving communities for residents while delivering returns to investors and partners. Its approach covers the whole lifecycle of a project—from financing and development to ongoing operations—backed by a track record of over $1 billion in financings and more than 20,000 affordable units across 12 states and the District of Columbia. Compared with others, Vesta emphasizes acting as developer, owner, and manager in one integrated effort, leveraging a long history of financing and hands-on management to meet the needs of residents, partners, and local communities. The company’s goal is to exceed expectations for investors, residents, and community stakeholders, and to grow the supply of safe, affordable housing while generating solid returns.
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Simsbury, Connecticut
Founded
1981
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Simplify's Take
What believers are saying
- MLK Apartments opened in Hartford in 2026, adding 155 affordable units.
- Longfellow Senior Housing in Cleveland continues leasing 80 senior apartments and amenities.
- The Camelot ribbon-cutting in West Hartford reinforces Vesta's Connecticut market credibility.
What critics are saying
- Vesta depends on LIHTC, HUD, and state subsidies; funding freezes stall pipelines.
- Construction and entitlement delays on public projects compress returns and damage reputation.
- A prolonged affordable-housing financing crunch would choke new starts and threaten Vesta's model.
What makes Vesta Corporation unique
- Historic adaptive reuse like Longfellow and MLK Apartments creates rare, preserved affordable housing.
- Vesta pairs senior housing expertise with multifamily development, leasing, and on-site resident services.
- The Camelot and MLK openings prove execution with nonprofit and state-financed partnerships.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Tuition Reimbursement
Pet Insurance
Employee Assistance Program
Long & Short-Term Disability Insurance
Company News
Vesta Corporation of Connecticut, a Connecticut-based real estate firm that specializes in the acquisition, development and management of multi-family affordable housing communities, acquired the Longfellow school property earlier this year.