Accountant

The Dermot Company; New York (NY); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

Retirement with match

Tuition stipend

Paid time off

Life insurance

Job summary

A real estate firm is seeking a Real Estate Accountant to manage financial reporting for properties in New York. Candidates should have a Bachelor’s degree in Accounting, Finance, or Economics and 1-2 years of general accounting experience. This position offers a salary range of $65,000 to $95,000 plus bonus potential and benefits, emphasizing an inclusive workplace culture. Commitment to deadlines and exceptional communication skills are required.

Qualifications

• Minimum of 1-2 years of general accounting experience in a preparation role.
• Preferred experience within Real Estate, Private Equity, or Asset Management industries.
• Knowledge of GAAP principles.

Responsibilities

• Complete monthly financial reporting for assigned portfolio.
• Oversee and maintain assigned properties’ books.
• Assist with operational budgeting and cash forecasting.

Skills

Accounting principles

Communication

Interpersonal skills

Collaboration

Organizational skills

Education

Bachelor’s degree in Accounting, Finance, or Economics

Job description

The Dermot Company, LP is a fully-integrated real estate enterprise with over 30 years of experience, over $5 billion in assets and 7,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and Florida. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.

ABOUT THIS ROLE

• As a Real Estate Accountant, we’ll look to you to:
• Complete monthly financial reporting for an assigned portfolio of Dermot properties, including procedures such as reviewing accrual & prepaid schedules, bank reconciliations & other balance sheet accounts and schedules
• Oversee and maintain assigned properties’ books on an ongoing basis working alongside onsite teams; review and approve payables, make timely debt payments, and assist on-site property staff with resident ledgers
• Prepare quarterly and annual financial reporting to fulfill and maintain loan compliance requirements
• Assist with operational budgeting, cash forecasting and analysis
• Collaborate cross-functionally; provide guidance and support to onsite property managers, AP/AR, and Investment Teams on financial reporting matters
• Assist with audits and tax return filing processes with external service providers
• Be a resource for internal and external stakeholders
• Participate in department meetings and discussions
• Manage ad hoc projects as needed

ABOUT YOU AND WHAT YOU OFFER

• Bachelor’s degree in Accounting, Finance, or Economics
• A minimum of 1-2 years of general accounting experience in a preparation role, experience within RE, PE, or AM industries preferred but not required
• Working knowledge of a real estate asset lifecycle and reporting needs of LP investors preferred
• Knowledge of GAAP principles
• Prior experience in public accounting firms supporting multiple clients is helpful
• Proficiency in general accounting and budgeting and cash flow concepts
• Experience in a preparation role, handling bank reconciliations and detailed matters
• Exceptional communication, interpersonal, collaboration, presentation, and organization skills
• A strong professional work ethic and commitment to meeting deadlines
• Preferred: CPA license, real estate tax, audit, funds and asset management knowledge
• Must be authorized to work in the United States for any employer without restrictions whatsoever

ABOUT OUR CULTURE, SALARY & BENEFITS

Our team is the most valuable asset we have. The individual life experiences, knowledge, creativity, skills, self-expression, unique capabilities, cultural influences, and talent that our team members share at Dermot collectively contribute to Dermot's culture and success.

Dermot offers a total rewards package which includes base compensation, bonus potential, comprehensive healthcare coverage where the employee-only base plans are funded by Dermot, retirement with match, wellness offerings, employee assistance programs, tuition stipend, parental leave, paid time off, life insurance, long-term disability coverage and more! Dermot also supports its team members with learning and development opportunities and encourages wellness.

The annualized gross compensation range for this position is $65,000-95,000 plus a performance-based bonus incentive. The actual compensation within the range will be based on factors unique to each candidate including geographic location, years and depth of experience.

Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness, and curiosity.

Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, veteran status, or any other characteristics protected by federal, state, and local laws. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.

The pay range for this role is:

65,000 - 95,000 USD per year (New York Office)