Finance & Accounting

Senior Property Accountant

$100,000+
New York
Full Time

Our client is a high profile commercial real estate investment firm with a great reputation in the industry. They have a very friendly work environment and can offer significant potential for growth.

Responsibilities:

  • Manage the accounting function for a portfolio of Class A properties (commercial & residential) in New York and other primary markets in the US
  • Prepare monthly, quarterly and annual financial statements on an accrual basis
  • 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
  • Prepare documentation for loan draws and reserve disbursements
  • 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

 

QUALIFICATIONS:

  • Bachelor’s Degree in Accounting
  • Minimum of approximately 3-5 years of experience in public accounting or private industry within the real estate industry
  • Experience in commercial real estate
  • Knowledge of escalations
  • Experience preparing financial statements on an accrual basis