Senior Property Accountant Job Description

The Senior Property Accountant will be responsible for an assigned portfolio of properties/entities. The Senior Property Accountant will report to the firm’s Controller. We are looking for a hands-on, detailed oriented individual who will be able to analyze, record, audit, and reconcile for a portfolio of commercial, hospitality, and residential properties at various levels.

This position requires a hands-on self-starter with the ability to take initiative, solve problems, and complete their work efficiently and effectively.

Specific responsibilities include:

Hotel and Multifamily Properties:

• Obtain monthly reporting packages from third-party property managers, including supporting documentation
• Review trial balances and supporting schedules from third party managers for accuracy
• Determine any errors on the balance sheet, including stale accounts, schedules that do not reconcile, or missing information.
• Map and Upload the monthly trial balances into MRI.
• Reconcile the property books to the respective parent entity.

Commercial:

• Prepare monthly accrual journal entries as necessary on an accrual and cash basis
• Prepare monthly financial statements including, income statement, balance sheet, and cash flow statement
• Develop annual budgets and reforecasts in conjunction with property and asset management
• Prepare work papers for submission to outside accounting firms

General & Upper Tier Entities:

• Prepare monthly work papers for each of their assigned entities
• Prepare monthly bank reconciliations for parent and upper-tier entities
• Track and reconcile the investment in and equity accounts between the properties and their owner entities.
• Update fixed asset schedules, as needed and record monthly depreciation and amortization
• Oversee the cash management at their entities

Basic Qualifications:

• BS in Accounting from an accredited university/college
• Minimum of 5 Years of real estate accounting experience
• A strong work ethic must be able to see projects through to completion, self-motivated, resourceful, and proactive
• Strong analytical ability
• Strong computer skills including Excel (ability to create formulas in excel)
• Ability to learn new computer software quickly
• Strong communication and organization skills
• Ability to work independently, effectively prioritize, and multi-task under pressure
• Ability to think critically
• CPA and/or Masters in Accounting (Preferred)
• Existing knowledge of MRI (Required)

Job Type: Full-time

Pay: $90,000.00 – $110,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Yonkers, NY 10701: Reliably commute or planning to relocate before starting work (Required)

Education:

• Associate (Required)

Experience:

• MRI software: 1 year (Required)
• property accounting: 3 years (Required)

Work Location: One location