Job Title: Property Accountant
Type: Perm
Location: New York NY - hybrid
Salary: $90K to $100K plus 10% bonus

Job Description:

Looking for a Property Accountant or Senior Property Accountant to join our Property Accounting team.

Ideally, 3 to 8 of experience but open to years of experience

The candidate doesn’t need public company experience, but they should have at least 3 years of real estate accounting experience.

Hybrid Work Schedule:

Employees are expected to be in the office Monday through Wednesday during non-quarter close.  During quarter close the team works remotely for at least 3 weeks (last week in March and two weeks in April).

Hours:

9-5:30

Additional hours during quarter-end close

Overtime is not daily during quarter close but some days when necessary.

Working on weekends is not necessary/required.

Job Responsibilities

• Review and analyze third party financial statements by third party managers; and journalize to Company books and records
• Reconcile between third-party domestic financial statements and Company’s books and records. Review variance analysis provided by third party providers.
• Perform accounting close on a monthly basis
• Record monthly accruals
• Prepare state sales tax return
• Perform monthly cash/escrow account reconciliations
• Analyze intercompany and related-party transactions, perform supporting reconciliations, and book complex intercompany journal entries
• Perform balance sheet and income statement variance commentary. Reconcile bank accounts, escrow accounts, tenant receivables and other balance sheet accounts.
• Perform annual reconciliations of actual pass-through expenses vs. estimated charges
• Assist in preparing supporting schedules for internal and external auditors and responding to audit inquiries
• Create and manage ad hoc reporting requests from Closing/Accounting group, Asset Management, Treasury dept
• Coordinate with third-party domestic financial statement providers, asset managers
• Assist in fund level reporting for quarter end and yearend consolidated close processes
• Maintain and reconcile fixed asset sub-ledger. Review fixed asset additions, dispositions, and perform running depreciation expense.
• Prepare and review annual budgets prepared by Asset managers and third party
• Assist in tracking and monitoring payment of property taxes (as well as tenant reimbursements)
• Follow up on lender/tenant payment issues or disputes (late fees, escrows, waterfall delays etc.)
• Perform debt covenant compliance

Requirements

• 3-8 years of relevant experience in a dynamic environment (for a public REIT a plus)
• Experience in Property Accounting and Lease Administration a plus
• BS/BA in Accounting
• Excellent analytical, problem solving and organization skills
• Strong communication skills, both written and verbal
• Ability to work well in a team setting
• Attention to detail and ability to meet deadlines in a fast-paced environment
• Proficient computer skills – knowledge of JDE accounting system is a plus
• Mixture of public accounting and public company experience is a plus
• In depth experience working with general ledger analysis, including booking journal entries and detailed account analyses
• Ability to work independently and limited supervision