Property Accountant

Property Accountant – Residential Property Management Firm

Client: Residential Property Management Firm

Location: Union Square, Manhattan (5 days a week onsite)

Salary: $95,000 - $105,000 per year + Benefits

As a Property Accountant, you will serve as the financial steward for a dedicated portfolio of residential properties. You will be responsible for the full-cycle accounting process, ensuring the integrity, accuracy, and timeliness of monthly financial reporting. This is a critical role that bridges daily transactional oversight with high-level year‑end compliance and tax preparation.

• Financial Reporting: Lead the month‑end close process and prepare comprehensive internal and external financial statements for stakeholders.
• General Ledger Management: Analyze and reconcile G/L accounts, ensuring all activity for assigned properties is accurately reflected.
• Cash Management: Review daily banking transactions, record monthly wires and debt service payments, and perform bank reconciliations (including tenant security accounts).
• Escrow & Reserves: Monitor and record all activity related to mortgage escrows and reserve accounts.
• Tax & Audit Readiness: Compile audit and tax work-papers; record year‑end journal entries to facilitate the seamless preparation of audited statements and tax returns.
• Regulatory Compliance: Manage property tax compliance matters, including the filing of NYC RPIE forms, annual certiorari applications, and tax petitions.
• Ad‑Hoc Support: Provide analytical support and assist with special projects as needed to improve portfolio performance.

• Education: Bachelor’s degree in Accounting, Finance, or related field.
• Experience: Minimum of 5 years of progressive accounting experience, specifically within the real estate industry.
• Software Expertise: Proficiency in Yardi is strictly required.
• Technical
  
  Skills:
  
  Advanced working knowledge of MS Excel and a strong understanding of residential accounting principles.
• Industry Knowledge: Experience with Tax Credit (LIHTC) residential properties is a significant plus.
• Soft Skills: Exceptional communication skills and a proactive approach to problem‑solving.

Entry level

Full‑time

Accounting/Auditing, Finance, and Management