Property Accountant POST NUMBER: 150042
Title: Property Accountant Company: Real Estate Schedule: Hybrid 3 days Salary: up to 115k Key Responsibilities Financial Reporting & Analysis Full-Cycle Accounting: Prepare and perform all month-end closing entries and procedures on an accrual basis. Board & Owner Reporting: Prepare monthly workpaper packages, variance analyses, and Gross Potential Revenue (GPR) reporting for ownership and lenders. Audit Support: Provide essential financial data and support for annual building audits and tax filings. Cash & Treasury Management Cash Flow Oversight: Monitor bank balances to ensure adequate coverage for building expenses and debt service (mortgages). Bank Reconciliations: Perform monthly reconciliations for operating and security deposit accounts. Payables & Receivables: Coordinate with AP/AR teams to commit approved payments, process wire transfers, and review non-tenant receipts. Budgeting & Operational Support Budget Preparation: Lead the annual preparation of Operating and Capital budgets tailored to specific lender or board requirements. Escrow & Reserves: Reconcile security deposits and manage reserve funds for capital improvements. Qualifications Experience: 3–5 years of progressive experience in Property Management accounting, with a specific focus on NYC Co-ops and Condos . Education: B.S. in Accounting or Finance required. Technical Skills: Proficiency in Yardi or similar real estate accounting software. Advanced Excel skills are essential. Communication: Excellent written and verbal communication skills for professional interaction with owners, lenders, and internal teams.
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