Property Accountant POST NUMBER: 481414
$110k - $115k
Title: Property Accountant
Company: Real Estate (Residential)
Schedule: Hybrid 3 days
Salary: up to 115k
Key Responsibilities
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.
Qualifications
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.
Vacancy posted 1 day ago
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