Staff Accountant

Job Description

Job Description

Description:

We are a NYC-based real estate investor and operator. Headquartered in New York with a national platform. Longacre is a 50+ person, vertically integrated operating and development company with expertise in a wide array of value creation activities, including multifamily, extended stay, adaptive reuse development, uncovering value in underperforming properties and repurposing well-located properties. The Longacre platform manages over 55 commercial real estate properties and investments with an aggregate gross asset value of approximately $740 million as of January 31, 2024.

We are entrepreneurial, nimble, and hungry for further growth.

Responsibilities:

• 1. Maintenance of property financial records throughout the month to facilitate a smooth month-end closing. Reviewing budget-to-actual reporting to minimize any missing income or expense at month-end.
• 2. Resolving issues with financial statements raised by outsourced accounting team, staff accountants or CFO. Performing first review of financial statements for buildings, management companies, and several other types of businesses.
• 3. Maintain receivables and payables ledgers of management businesses in Quick Books Online.
• 4. Help facilitate payment runs with help from outsourced accounting team, staff, AP director and CFO.
• 5. Reviewing rent rolls and other related reports monthly to ensure accurate reporting of income.
• 6. Review payables reports monthly to maintain an accurate list of payables and to verify the contents.
• 7. Help maintain financial statements with journal entries and reconciliations using Quick Books Online and Yardi.
• 8. Preparation of tax work papers for use by external tax preparers and facilitating implementation of associated adjusting journal entries, either by external accountants or in the internal companies within Quick Books Online or Yardi.
• 9. Assistance with budgeting and treasury management forecasting and related tasks.
• 10. Fulfill ad hoc project requests from CFO.
• 11. Maintain an organized file structure to ensure adequate documentation and efficient access for CFO.
• 12. Completing RPIE (Rea Property Income & Expense) work papers for external attorneys to file.
• 13. Help forecast and report payroll needs in advance of payroll runs and help facilitate payroll runs with assistance of outside service provider.
• 14. Help maintain and improve accounting systems in general.

• Bachelor’s degree and exceptional academic credentials.
• A minimum of 3 years of accounting experience, preferably specializing in real estate.
• CPA and master's degree preferred.
• Advanced knowledge of financial analysis and excel modeling.
• High level of professionalism, maturity and superior attention to detail.
• Excellent work ethic and communication capabilities.
• Ability to manage internal and external teams.
• Eligibility to work in the U.S. without sponsorship.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently to and within established time frames.
• Excel proficiency including pivot tables, intermediate level functions, tables, conditional formatting, lookup tables, cell referencing, and excel based templates.
• Ability to prepare for, speak during, and run meetings.
• Written Communication:
  Writing is clear, concise and drives understanding of the topic  independently write memos.

• Accountable:
  Holds self-accountable to meet commitments in accordance with deadlines while maintaining accuracy in their work. Self-directed to communicate status; takes ownership for decisions, actions, and failures.
• Communicative:
  Effectively conveys information (verbal and written), in a timely fashion, with a clear understanding of…