Director of Accounting

BOMA New York (Building Owners & Managers Association of Greater New York); New York (NY); Sur place; USD 200 000 - 220 000; Plein temps

Résumé du poste

BOMA New York (Building Owners & Managers Association of Greater New York) is seeking a leadership-minded property controller to oversee full-cycle accounting and reporting for its real estate portfolio. The role is based in a midtown Manhattan office, working 9am-5pm, Monday through Friday, as part of a collaborative accounting team.

The position requires 7+ years in property accounting with strong US GAAP knowledge, and at least 5 years in a controller role.

Qualifications

• Bachelor's degree in accounting or finance.
• 7+ years of progressive property accounting experience including 5+ years in a controller role.
• Strong knowledge of US GAAP and FASB principles.
• Proven supervisory experience managing staff.
• Minimum 3 years with Yardi accounting software (Voyager, Job Cost, Elevate).
• Excellent leadership, communication and organizational abilities.

Responsabilités

• Oversee full-cycle property accounting reporting to upper management.
• Implement internal controls ensuring GAAP-compliant data and contractual obligations.
• Prepare consolidated financial statements and capital packages for investors and lenders.
• Lead year-end audits with external auditors and tax reporting work papers.
• Manage month-end close, budgeting and forecasts, and variance analyses.
• Review ledgers, journal entries, A/R, A/P, cash flows, and rent-related postings.
• Prepare ASC 842 entries, bank reconciliations, and cash projections.
• Ensure NYC tax forms and regulatory filings are timely and accurate.
• Foster collaboration across departments and identify process improvements.

Connaissances

Leadership

Analytical thinking

Problem solving

Organizational skills

Interpersonal skills

Communication

Adaptability

Formation

Bachelor's degree in accounting or finance

Outils

Yardi Voyager

Yardi Job Cost

Yardi Elevate

Description du poste

A leadership, hands-on role within a fast-paced property management company’s accounting team, overseeing the full-cycle property accounting reporting to upper management. The role will be part of a collaborative team environment with exposure to multiple aspects of real estate operations. This full-time position will be based in a midtown Manhattan office, 9am-5pm, Monday through Friday.

Job Description:

• Implement and monitor internal controls to ensure accuracy and integrity of financial data. Ensure all reporting aligns with U.S. GAAP, partnership agreements, lender requirements, debt covenants, and other contractual obligations.
• Prepare and review consolidated financial statements, financial packages, capital requisitions, and capital call letters for investors, lenders, and internal management. Lead the financial reporting meetings.
• Prepare year-end audit financial statement in coordination with external auditors.
• Compile year-end work papers for tax reporting. Prepare quarterly PTETs. Ensure compliance with sales tax and other regulatory requirements. Prepare 1099 forms annually.
• Prepare annual NYC TC forms and RPIE schedules. Review fix assets. Serve as point-person to the tax certioraris.
• Manage the month-end closing process.
• Develop annual budgets and periodic forecasts.
• Review and analyze general ledgers, process journal entries, calculate monthly accruals, and update supporting balance sheet account schedules. Review and approve A/R adjustments, daily cash receipts journal, rent rolls, late fees, percentage rent charges, etc. Review accounts payable invoices for proper classification.
• Prepare monthly bank reconciliations, review cash balances, cash projections, loan draws, prepare distribution waterfalls, manage cash security deposits and letters of credit, and ensure fees payable to management company are accurately calculated and paid timely. Calculate and book ASC 842 entries.
• Prepare income statement variance analysis and balance sheet analysis, debt service payments, including lender reserves, and supporting compliance reporting.
• Review documents such as tenant leases, operating agreements, loan agreements, management agreements and contracts.
• Review and audit funding and payment requests for accuracy, documentation and authorization in accordance with established operating procedures.
• Prepare real estate tax and CAM escalations/reconciliations.
• Establish and maintain collaborative relationships with all departments and levels of employees in the company both inside and outside the accounting department.
• Continuously identify opportunities to improve processes and procedures, to achieve maximum efficiency.

Requirements:

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Bachelor's degree in accounting or finance.
• 7+ years of progressive property accounting experience, including at least 5 years of comparable property Controller (or similar) experience managing financial reporting and accounting for high-volume commercial and retail properties in NYC.
• Proven knowledge of US GAAP and FASB regulations, financial terms and principles.
• A proven record of successful supervisory experience.
• Minimum of 3 years of experience with Yardi accounting software (Yardi Voyager, Job Cost, Elevate, etc.).
• Strong interpersonal and people management skills.
• Strong leadership skills and comfort in supervising, coaching and mentoring staff.
• Clear, confident, and professional communication skills.
• Excellent analytical, problem-solving and organizational skills.
• Advanced Microsoft Excel skills, and overall proficiency in Microsoft Office.
• Responsive nature with the ability to pivot between competing priorities and deadlines.

Base Pay Range:

$200,000-$220,000/yr.

The provided salary range represents a good faith and reasonable estimate of the possible base compensation range at the time of posting and is not reflective of the total compensation package, which may also include benefits and other incentives.