Property Accountant
Listed on 2026-10-05
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Accounting
Financial Reporting, Financial Analyst
Property Accountant
Location: Hybrid NYC
Salary: $100k-120k
The Opportunity:Our client is seeking a high-caliber Property Accountant to take full ownership of the month-end close and financial health of a dedicated NYC residential portfolio. This is a True Accounting seat designed for a professional with elite analytical skills who can manage the complexities of multi-entity reporting.
You will start by managing 10-12 individual property entities, with the expectation to scale to 20-25 properties once fully onboarded. This role requires a numbers-first mindset-someone who doesn't just record entries but deeply analyzes actual-vs-budget variances and maintains precise cash projections for ownership.
Key Responsibilities Full-Cycle Month-End Close- Entity Management:
Lead the complete month-end closing process for a growing portfolio where each property is its own legal and financial entity. - General Ledger:
Perform all necessary journal entries, accruals, and monthly workpaper preparations with 100% accuracy. - Reconciliations:
Execute monthly bank and security deposit reconciliations, ensuring all tenant and vendor activity is accounted for.
- Budget vs. Actual:
Conduct rigorous analytical reviews of financial performance; you must be able to tell the story behind the numbers and explain variances to ownership. - Cash Flow & Projections:
Manage daily cash for each property, ensuring liquidity for operating expenses and preparing forward-looking cash projections. - Audit Support:
Act as the primary point of contact for annual audits, providing all necessary schedules and documentation.
- Annual Cycles:
Drive the intensive budgeting process (Late Summer through Thanksgiving). You must be a master juggler capable of building complex Operating and Capital budgets for 20+ entities simultaneously. - Strategic Input:
Work closely with property managers and ownership to align budget assumptions with historical data and future capital needs.
- Education:
B.S. in Accounting is preferred. - Experience:
3-5 years of Full-Cycle Property Accounting experience, specifically within the NYC residential market, preferably with condo, co-ops or rentals - Strong understanding of Accrual Accounting and GAAP.
- High proficiency in Excel and Yardi 7s (or similar enterprise real estate software).
- Strong organizational skills with the ability to manage a high volume of deadlines during peak seasons (Budgeting/Year-End).
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