Property Accountant

Company Details

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

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