Senior Real Estate Accountant-Housing And Transportation Administration-Mount Sinai Health System-Hybrid-Full Time-Days

Position Title:

Senior Real Estate Accountant-Housing And Transportation Administration-Mount Sinai Health System-Hybrid-Full Time-Days

Position Summary:

The Senior Accountant handles Accounting, Budgeting, Financial Reporting, Regulatory Reporting, Financial Lease Administration), Auditing and Special Projects. This position provides support to RES Department in ensuring that the financial reporting, regulatory filing, billing and collection of lease revenue are processed timely meeting MSHS systems and control standards in financial reporting. This position also assists in budget analysis, financial reporting and in complying with regulatory reporting requirements with NYC Finance. This position is the contact person in meeting Auditors audit requests and requirements. Additionally, the Senior Accountant also processes new vendors and contract orders/purchase orders in Sinai Central and the timely payments of MSH/ICAHN leases as well as maintain Lease Databases and conducts lease audits of assigned properties.

1.Accounting and Financial Reporting

A) Review month end and year end close of RES transactions in coordination with General Accounting Department (including journal entry preparation and review, account reconciliation preparation of account schedules and analyses).

B) Prepare RES Financial Reports.

C) Provide backup support as needed to fulfill primary accounting and reporting responsibilities due to heavy workload, deadline and transition times.

2.Lease Administration

Payment Processing: 

• Process MSH/ICAHN leases from setting up new landlord for vendor credentialing, up to the releasing of payments to landlords/vendors and monitoring lease payments.
• Review lease invoices to determine propriety of payments and accounting treatment. 
• Assist in maintaining the Visual Lease and maintain an accurate and up to date Lease Databases as well as conduct desk audit of leases

A) Revenue Billing and Collection: 

• Prepare billings and monitor collection of Rent Revenue for MSHS Tenants. 
• Interface with Tenants for issues resolutions relating to billing and collection functions. 
• Maintain accurate and up to date Tenant ledgers

B) Lease Audit: 

• Perform periodic landlord statements reconciliation of rent, real estate tax calculations, CAM and OPEX charges, review propriety of escalation charges and communicate, follow-up and resolve with landlord errors and discrepancies identified in the process. 
• Execute desktop audit strategies which include identifying focus areas that will maximize recoveries and partnering with acquisitions and disposition group to ensure audit findings are incorporated in future lease negotiations. 
• Perform in-house full lease audit or in coordination with outsourced auditors as deemed necessary.

3.Budgeting

A) Prepare annual RES budget Revenue and Expense and Projected Profit and & Statements.

B) Perform Budget Variance Analysis for all RES assigned cost centers and track financial and operating performance.

4.Financial Audit

A) Work closely with Auditors in meeting their audit requirement during interim and year end audits. Support General Accounting/Finance Department in preparing reports/schedules/ analyses as required by the Auditors

5.Regulatory Reporting

A) Prepare regulatory reporting requirement for Not-for-Profit Renewals and RPIE filings, conduct accurate and timely online filing of required reports as well as monitor the filed reports.

B) Provide support to External Auditors in auditing Tax Certiorari Reports by preparing the required analysis/schedules and completing the Tax Certiorari. Coordinate with External Legal Counsel for its filing.

6.Third Party Management Company Oversight

A) Manage/Interface with Third Party Management Company (Rose Associates) with the accounting operations of MSHS/MSSL/MSW residential properties.

B) Review monthly reports of Rose Associates (i.e. journal entries, bank reconciliations, Accounts Receivable and Security Deposits Reconciliations).

7.Staff Supervision / Performance Evaluations / Special Projects

A) Train, coach, prioritize workflows and review day-to day work of Staff/Lease Accountants. Provide performance feedback of Staff/Lease Accountants and perform their annual staff evaluation.

B) Support the RES Department on Special Projects and Financial Due Diligence.

• Bachelors Degree in Accounting required.
• 5 years minimum accounting experience in financial reporting with knowledge of Real Estate Accounting (CPA preferred)

Compensation Statement:

The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $65,885.00 - $98,827.00 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

Non-Bargaining Unit, B2J - Housing And Transportation Administration - 

Strength through Unity and Inclusion

The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai’s unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual.

At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history.

About the Mount Sinai Health System:

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time — discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients’ medical and emotional needs at the center of all treatment. The Health System includes more than 9,000 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics, top 5 in Cardiology/Heart Surgery, and top 20 in Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report’s “Best Children’s Hospitals” ranks Mount Sinai Kravis Children's Hospital among the country’s best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 11 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek’s “The World’s Best Smart Hospitals” ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.

Equal Opportunity Employer

The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization.

Compensation

The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $65885 - $98827 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.