Director of Property Accounting

Job Description

We are looking for an experienced Director of Finance to lead and oversee the accounting operations for a fast-paced real estate organization. This role involves managing financial reporting, ensuring compliance, and supporting multiple aspects of property operations. The position is full-time in-office, based in Manhattan. This position pays $180,000-$210,000/year plus discretionary bonus and come with PTO, medical & dental, and a 401k matching program.

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You must have experience using Yardi Yoyager and with Class A office buildings in NY.

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Key Responsibilities:

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Financial Management & Reporting

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• Oversee the accounting function by establishing and maintaining robust internal controls to ensure data accuracy and integrity.
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• Ensure financial reporting meets regulatory standards, partnership obligations, lender requirements, and debt covenant compliance.
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• Prepare and review consolidated financial statements, reporting packages for investors and lenders, and documentation for capital distributions; lead regular reporting meetings.
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• Support year-end audits and work closely with external auditors to complete financial statements.
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• Develop and update annual budgets and periodic forecasts.
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• Review general ledger activity, process journal entries, calculate accruals, and maintain balance sheet schedules; approve adjustments, daily cash postings, rent rolls, and accounts payable classification.
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• Reconcile bank statements monthly, monitor cash positions, manage loan draws and distribution allocations, track security deposits and letters of credit, and ensure accurate and timely payment of management fees.
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• Analyze monthly income statements and balance sheets, oversee debt service payments and reserve tracking, and prepare supporting compliance reports.
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• Examine leases, operating agreements, loan documents, management contracts, and other agreements for accuracy and compliance.
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• Review funding and payment requests to ensure proper documentation, authorization, and adherence to internal procedures.
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• Prepare reconciliations for real estate taxes and CAM charges, and act as the primary contact for tax-related matters.
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• Compile year-end workpapers for tax filings and ensure compliance with sales and regulatory tax obligations; prepare 1099s annually.
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• Collaborate across departments to foster teamwork and efficient workflow.
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• Continuously evaluate and enhance accounting processes to improve efficiency and accuracy.
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Qualifications:

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• Bachelor’s degree in Accounting, Finance, or related field.
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• 7+ years of progressive accounting experience, with at least 5 years in a property controller or equivalent role managing high-volume commercial or retail properties. Proven supervisory experience is required.
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• Minimum of 3 years working with property accounting systems (e.g., Yardi Voyager, Job Cost, Elevate).
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• Strong leadership skills with experience coaching, mentoring, and managing teams.
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• Excellent communication skills—clear, professional, and confident in interactions across all levels.
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• Strong analytical, problem-solving, and organizational abilities.
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• Solid understanding of US GAAP, FASB standards, and core accounting principles.
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• Advanced Excel skills and proficiency with Microsoft Office applications.
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• Ability to adapt quickly and manage multiple priorities in a fast-paced environment.
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To apply, please click the link provided to send your resume!

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