Property Accountant

Overview

Title:

Property Accountant
Company:
Real Estate

Schedule:

Hybrid 3 days
Salary: up to 115k

• Financial Reporting & Analysis
  • Full-Cycle Accounting: Prepare and perform all month-end closing entries and procedures on an accrual basis.
  • Board & Owner Reporting: Prepare monthly workpaper packages, variance analyses, and Gross Potential Revenue (GPR) reporting for ownership and lenders.
  • Audit Support: Provide essential financial data and support for annual building audits and tax filings.
• Cash & Treasury Management
  • Cash Flow Oversight: Monitor bank balances to ensure adequate coverage for building expenses and debt service (mortgages).
  • Bank Reconciliations: Perform monthly reconciliations for operating and security deposit accounts.
  • Payables & Receivables: Coordinate with AP/AR teams to commit approved payments, process wire transfers, and review non-tenant receipts.
• Budgeting & Operational Support
  • Budget Preparation: Lead the annual preparation of Operating and Capital budgets tailored to specific lender or board requirements.
  • Escrow & Reserves: Reconcile security deposits and manage reserve funds for capital improvements.

• Experience: 3-5 years of progressive experience in Property Management accounting, with a specific focus on NYC Co-ops and Condos
  .
• Education: B.S. in Accounting or Finance required.
• Technical
  
  Skills:
  
  Proficiency in Yardi or similar real estate accounting software. Advanced Excel skills are essential.
• Communication: Excellent written and verbal communication skills for professional interaction with owners, lenders, and internal teams.