Sr Property Accountant

Manager, Property Accounting

Location:

New York, NY

Salary: $,000

Thriving Real Estate Investment Firm seeks a dedicated Manager, Property Accounting to take ownership of and manage the financial reporting and integrity for a high-value portfolio of multi-family residential buildings with complex ownership structures. This role requires an expert in multi-family accounting who can transition seamlessly between hands-on tasks and high-level strategic oversight.

• Oversee the full-cycle accounting process for the multi-family portfolio, ensuring all ledgers, transactions, and ownership structures are accurately reflected.
• Lead the monthly and quarterly close process, including review of complex journal entries, intercompany eliminations, and accruals specific to residential operations.
• Prepare and present comprehensive, GAAP-compliant monthly financial statements, including detailed ownership reporting packages and required lender covenants.

• Direct the annual preparation of operating and capital expenditure budgets for all multi-family assets.
• Partner directly with Property Management and Asset Management teams to align financial forecasts with operational strategy and investment goals.
• Develop and maintain multi-year financial models and rolling forecasts to anticipate future performance.

• Serve as the primary point of contact for all financial matters related to the multi-family assets, communicating complex issues clearly to non-financial stakeholders, including ownership and lenders.
• Manage and coordinate the timely provision of documentation and schedules for external auditors and tax preparers.
• Drive the continuous improvement and standardization of property accounting policies, procedures, and internal controls across the portfolio.

• CPA or advanced certification preferred.
• 5+ years of progressive property accounting experience, ideally with a focus on multi-family or residential real estate.
• Proven experience in a senior or supervisory capacity managing a complex portfolio is essential.
• Deep understanding of accrual-based multi-family accounting and financial reporting standards.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting.

The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.