Finance & Accounting

Senior Property Accountant

New York
Full Time

Our client, a highly reputable real estate owner/developer with a luxury portfolio of commercial and multifamily properties, is seeking a strong Senior Property Accountant to add to their team. This firm has a very friendly work environment, low turnover and an extensive track record of promoting from within.

Responsibilities Include:

  • Oversee accounting duties for luxury properties located across the country
  • Prepare accrual-based financial statements for assigned portfolio
  • Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files on a monthly basis
  • Review results of operations and provide detailed explanations of variances
  • Review invoices to ensure correct account coding and expense allocations
  • Prepare reconciliations of all cash accounts, reserves and escrows
  • Monitor cash balances and request capital funding, as needed
  • Maintain fixed asset and depreciation schedules
  • Calculate real estate tax and operating expense escalations
  • Interact with asset managers, leasing agents, and property managers
  • Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
  • Ensure lender reporting compliance
  • Respond to lender inquiries, as needed
  • Compile financial information for analysts during debt refinances and/or sales of properties
  • Prepare annual budget and reforecast
  • Prepare real estate tax certiorari filings
  • Serve as the main contact for annual audits and tax return preparation

Requirements Include:

  • Bachelor’s Degree in Accounting
  • Background in public accounting or private industry within the real estate industry
  • Knowledge of Yardi, MRI or similar software is preferred
  • Strong organizational and communication skills