Property Accountant


Division

Accounting/Finance

Location

New York, New York

Employment Type

Permanent



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Growing, well-established Real Estate investment firm is seeking a Property Accountant to join their team. The Property Staff Accountant will be a member of the Accounting and Finance team. The team provides accounting and financial reporting for management and investors. This position plays a key role in ensuring the accuracy and integrity of financial statements and control environment.

Job Description:


Compensation : $70000 - $85000
Job ID : 14084

 

Primary responsibility is to maintain books and records of the assigned investment entities with primary emphasis on the following:

  • Monthly preparation of property level and consolidated financial statements using MRI.
  • Monthly analysis of various workpapers including accruals, prepaid insurance, real estate taxes, bad debt, fixed asset.
  • Bank reconciliations for both property level and corporate level bank accounts.
  • Prepare/maintain monthly journal standard entries.
  • Review invoices for proper coding and authorization.
  • Prepare annual personal property returns.
  • Calculate and post management fees and advisory fees.
  • Maintain/code intercompany billings and receivables.
  • Prepare and record all journal entries.
  • Prepare reconciliation of subsidiary ledgers (rent rolls/tenant files and accounts payable) to the relevant general ledgers.
  • Perform variance analysis and analytical procedures for assigned entity and underlying properties.
  • Assist in the preparation of quarter-end GAAP financial reporting.
  • Provide financial support to property management including substantial communication with property managers and regional offices.
  • Assist in buy-side due diligence with some travel required.
  • Drive process change and process improvements.
  • Assist with special projects upon request.

Job Requirements:


 

  • General understanding of finance/accounting/financial analysis and reporting.
  • Strong attention to detail.
  • Able to manage time well, be a self-starter, strong work ethic.
  • Excellent analytical abilities, strong interpersonal skills, and an ability to work and communicate effectively with all levels of operations and senior management.
  • Effective written and verbal communication skills.
  • Strong excel skills.
  • Ability to multi-task and manage competing deadlines.
  • Minimum three years of experience in accounting, preferably in real estate.

 

Disclosure:  The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

 

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