Property Accountant Salary

Median pay for Property Accountants in the United States lies in the neighborhood of $49K annually. Total cash compensation for Property Accountants runs from $37K to $67K depending on bonuses that can occasionally exceed $7K and profit sharing that can reach almost $3K. Location is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction for Property Accountants is high. Most Property Accountants survey respondents are women (75 percent). Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.

$38,296 - $65,765
(Median)
$38K
$49K
$66K
MEDIAN: $49,395
10%
50%
90%

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$14.39 - $28.24
(Median)
$14
$19
$28
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$38,296 - $65,765  
   
Bonus
$0.00 - $6,833  
Profit Sharing
$58.17 - $3,117  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,113 - $67,468  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 479
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$14.39 - $28.24  
   
Overtime
$18.35 - $38.80  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,833  
   
Profit Sharing
$58.17 - $3,117  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,113 - $67,468  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 89
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Job Description for Property Accountant

Property accountants are in charge of handling property accounting tasks for their company. They are responsible for completing sound financial analysis and balance sheet account reconciliation. In addition, they prepare regular reports (usually monthly) based on organizational objectives.

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Property Accountant Tasks

  • Reconcile balance sheets, accounts, and invoices.
  • Prepare monthly, quarterly, and ad hoc reports with variance explanations.
  • Prepare and post entries to the general ledger and manage the monthly close process.
  • Prepare and implement audit schedules and process re-engineering to reduce financial errors.

Common Career Paths for Property Accountant


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While Property Accountants do not often become Senior Property Management Accountants, the job pays $65K per year on average. The most common next step for a Property Accountant is to become a Senior Accountant or an Accounting Manager. The former position pays an additional $9K per year on average, and the latter position pays $10K more per year.

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Popular Skills for Property Accountant


Property Accountants seem to require a number of specific skills. Most notably, skills in Budgeting, General Ledger Accounting, Accounting, and Microsoft Excel are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Skills that seem to negatively impact pay include Accounts Receivable and Accounts Payable. The majority of those who know Accounts Payable also know Financial Reporting.

Pay by Experience Level for Property Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $47K, but survey participants with five to 10 years of experience earn a significantly higher median of $53K. The average pay reported by folks with 10 to 20 years of experience is around $55K. Survey participants with more than twenty years of experience only make around $53K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location


Property Accountants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 38 percent. Property Accountants can also look forward to large paychecks in cities like Washington (+32 percent), New York (+24 percent), Boston (+19 percent), and San Diego (+15 percent). Property Accountants in Philadelphia report much lower salaries than the rest of the country — 20 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Virginia Beach (15 percent lower) and Seattle (9 percent lower).

Related Job Salaries

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Experience Affects Property Accountant Salaries




National Average
$49,000


Skills That Affect Property Accountant Salaries

up arrow 14%


Accounting
up arrow 6%

Microsoft Excel
up arrow 4%

Financial Reporting
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$49,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 120 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
1-4 years
48%
5-9 years
29%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 10%
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