Senior Property Accountant

Ascendo Resources is currently seeking a Senior Property Accountant for a full-time, on-site role. Salary range is from $100,000 to $120,000 a year.

Our client is a well-established real estate development company with over 30 years in business and 8 million+ square feet developed and owned across New York City. The firm manages a diverse portfolio spanning commercial retail, residential condominiums, and privately held investment properties.

About the Role

This hybrid role requires an accountant comfortable managing multiple funding structures - from condominium board operating/reserve funds to private equity owner books and complex commercial triple-net (NNN) leases - while maintaining clarity across multiple general ledgers (accrual/cash).

Key Responsibilities

Mixed-Portfolio Financial Management

• Prepare monthly and quarterly financial statement packages for commercial, residential condo, and private investor assets
• Maintain distinct books, separating Condominium Association funds (operating and reserves) from private owner/entity accounts
• Perform monthly bank reconciliations and manage cash positions across multiple entities and bank accounts
• Execute monthly budget-to-actual variance analysis and provide financial commentary to property managers, owners, and Condo Boards
• Coordinate with internal teams and external auditors for lender compliance, year-end closing, and tax filings

Commercial CAM Reconciliations & Revenue Accounting

• Perform annual and mid-year CAM, real estate tax, and insurance reconciliations for commercial and retail tenants
• Interpret financial clauses from commercial leases, including pro-rata shares, expense caps, and base rent escalations
• Calculate and bill monthly rent, escalations, recoveries/reimbursements, and monitor percentage rent where applicable

Residential Condo & Private Property Operations

• Oversee recurring billings including common charges, maintenance fees, special assessments, and rent roll tracking
• Process and track security deposits in compliance with legal interest and escrow requirements
• Review property-level accounts payable, ensuring accurate GL coding across OpEx and CapEx

Board Support, Budgeting & Compliance

• Partner with Property Management teams on annual operating and reserve budgets for Condo Associations and private portfolios
• Prepare financial packages and schedules for annual Condo Board meetings

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field
• 3+ years of property accounting experience with commercial, residential condo, or mixed-use assets
• Strong knowledge of accrual accounting, fund accounting (for reserves), and commercial escalation logic
• Proficiency in real estate accounting systems (Yardi Voyager, MRI, RealPage, QuickBooks, or AppFolio)
• Strong Excel skills (Pivot Tables, VLOOKUP/XLOOKUP)
• Ability to interpret legal lease and condo declaration documents
• Excellent communication skills for interfacing with asset managers, property teams, and board members

Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity. Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.

Contact information


Mark Tumada