Senior Property Accountant
My client, a highly regarded commercial real estate firm on Long Island, is seeking a Senior Property Accountant. This company offers a friendly, supportive culture, an attractive work/life balance, and opportunities for advancement.
Responsibilities:
- Manage and oversee the accounting and financial reporting functions for commercial real estate, focusing on office and retail spaces
- Prepare monthly/quarterly financial statements and supporting schedules by working closely with property management teams to ensure accuracy. (bank reconciliations, balance sheets, income statements, cash flows etc.).
- Monitor and maintain cash balances and reserves.
- Perform month-end close procedures including preparation/review of account reconciliations
- Conduct and supervise the CAM reconciliation processes and ensure that all reconciliations are completed accurately and timely
- Prepare operating and tax expense reconciliations as required per governing documents (leases, management agreement, etc.)
- Record journal entries to the general ledger and ensure records are kept in compliance with appropriate basis of accounting
- Assist in budget/projection preparation process by preparing revenue and expense projections
- Regularly discuss budget-to-actual amounts after each month-end close with management team and owners
- Serve as the point of contact for communications with owners/property owners and outsourced tax accountants
- Thoroughly review lease documents and amendments to reconcile base rents and escalations in the current and future years
- Review and validate proper billing for all tenants across assigned properties
- Coordinate and prepare lease administration; set up new leases in Yardi Voyager, prepare tenant billings, set up tenant profiles
Qualifications:
- Bachelor’s Degree in Accounting or a related field
- Approximately 2-5+ years of experience
- Experience in public accounting is helpful but not required
- Experience with Yardi, MRI or a similar software is helpful
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