Senior Property Accountant

Senior Property Accountant

New York - Midtown

Since 1915, The Durst Organization has been a family-run business dedicated to the principles of innovation, integrity, community, and sustainability. We develop, build, own, and manage premier office towers and residential buildings that set new standards in environmental responsibility and user efficiency. Our enduring relationships with our tenants and partners are critical to our success and have made us generations of builders, building for generations. We build, own, and operate many of the world's most innovative and efficient buildings. We create value for our tenants and partners by developing sustainable residential and commercial properties in which people live, work, and thrive.

Reporting to the Director of Property Accounting, the Senior Property Accountant is responsible for the full-cycle accounting and financial reporting of a portfolio of residential and retail properties. This role plays a critical part in ensuring accurate financial results, strong cash management, and timely reporting for internal teams.

Responsibilities:

• Monthly GL Close – Close the GL monthly (GAAP and cash general ledgers) and prepare workpapers.
• Manage daily accounting for a portfolio of four properties. Review and approve accounts payable, oversee cash management—including bank reconciliations and daily cash balances, process cash receipts, prepare loan draws, and collaborate with operations and asset management on property financial activities and ad hoc reports.
• Prepare monthly reports – Prepare monthly reporting packages for internal and external use, i.e., investor, lender compliance, asset management, and operational reports.
• Cash Forecasting – Manage the cash flow projections to meet the cash needs of the portfolio.
• Budgets – Assist in the preparation of the annual budgets and collaborate with the real estate team to ensure accurate and timely information.
• Annual Audit – Assist in the annual audit process; manage interim work, issue timely workpapers, audit report templates, and footnotes.
• Property Taxes – Assist in the annual RPIE and TC 201 process.
• Serve as a resource, advocate, and catalyst for sustainability at The Durst Organization. Apply the skills unique to your core job responsibilities for practical integration of sustainability into processes, standard operating procedures, and adopted business practices. Seek to empower our colleagues, consultants, tenants and residents to prioritize and actively engage in environmental stewardship.

Qualifications:

• Bachelor's degree with a major in Accounting.
• 5+ years of accounting and relevant asset class industry experience.
• High level of computer skills, proficiency in Microsoft Office, and experience with general ledger software is a plus.
• Excellent communication and presentation skills.
• Strong understanding of accounting principles.
• Ability to demonstrate critical thinking skills to solve problems.
• Excellent analytical and quantitative skills.
• Strong knowledge of workpapers, corporate entity & loan structures, and property operations.
• Ability to drive results and meet strict deadlines.

Certificates, Licenses, and Registrations:

• CPA a plus
• Experience with general ledger software is a plus, including MRI, Yardi, Timberline.

Salary range: $95,000 - $125,000 annually

Physical Demands and Work Environment:

The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical demands: While performing duties of this job, employee is occasionally required to walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; balance; stoop; crouch; bend; talk; and hear. The employee must occasionally lift and move up to 10lbs. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Work environment: The noise level in the work environment is usually moderate.

Equal Opportunity Employer and Affirmative Action Employer for Protected Veterans and Individuals with Disabilities.