Senior Accountant – Real Estate industry

Job Title: Senior Accountant
Type: Perm
Start Date: ASAP
Location: New York NY
Salary: $140,000

Job Description: Real Estate Controller (Multifamily Management Company using Yardi)
Position Overview: The Real Estate Controller plays a crucial role in overseeing the financial operations of our multifamily management company. Reporting directly to the Chief Financial Officer (CFO), the Controller is responsible for managing all aspects of accounting, financial reporting, budgeting, and internal controls within the organization. This position requires a thorough understanding of real estate accounting principles, proficiency in Yardi software, and strong leadership skills to effectively manage the accounting team.
Key Responsibilities:
  1. Financial Reporting:
    • Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
    • Ensure compliance with generally accepted accounting principles (GAAP) and regulatory requirements.
    • Analyze financial data to identify trends, variances, and areas for improvement.
  1. Budgeting and Forecasting:
    • Develop annual operating budgets in collaboration with property management teams.
    • Monitor budget performance and provide regular updates to management.
    • Prepare financial forecasts to support strategic decision-making.
  1. Cash Management:
    • Manage cash flow and liquidity to meet operational needs and debt obligations.
    • Implement effective cash management policies and procedures.
    • Monitor banking activities and reconcile bank accounts.
  1. Accounts Payable and Receivable:
    • Oversee the accounts payable and receivable functions, including invoice processing, vendor payments, and tenant billing.
    • Ensure timely and accurate recording of transactions in Yardi software.
  1. Property Accounting:
    • Maintain property-level accounting records and ledgers.
    • Review property financials for accuracy and completeness.
    • Coordinate with property managers to address accounting issues and discrepancies.
  1. Internal Controls and Compliance:
    • Establish and maintain internal control procedures to safeguard company assets and ensure compliance with policies and regulations.
    • Coordinate audits and reviews with external auditors.
    • Implement recommendations to improve internal controls and operational efficiency.
  1. Yardi System Management:
    • Serve as the primary administrator for the Yardi accounting system.
    • Configure system settings, user permissions, and reporting templates.
    • Provide training and support to staff on Yardi functionality and best practices.
  1. Team Leadership:
    • Supervise and mentor accounting staff, providing guidance and support to foster professional growth.
    • Foster a collaborative and inclusive work environment that encourages teamwork and accountability.
    • Conduct performance evaluations and provide feedback to ensure high performance standards are met.
  • Bachelor's degree in Accounting, Finance, or related field; CPA or advanced degree preferred.
  • Minimum of 5 years of experience in real estate accounting, with at least 2 years in a supervisory role.
  • Proficiency in Yardi Voyager or similar property management accounting software required.
  • Strong knowledge of GAAP and real estate industry accounting standards.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Exceptional attention to detail and accuracy.
  • Ability to prioritize tasks and meet deadlines in a fast-paced environment.
  • Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams.
  • Demonstrated leadership abilities and a track record of building and motivating high-performing teams.
Additional Information:
  • This is a full-time position based at our company headquarters.