Financial Analyst

Vaco; New York (NY); Hybrid; USD 115,000 - 120,000; Full time

Job summary

Vaco is seeking a Financial Analyst in New York, NY to support accounting and financial reporting for a portfolio of condominium and cooperative properties. The role emphasizes budgeting, cash management, and monthly close. You will work onsite during the first month, then shift to a hybrid model with two onsite days per week.

You’ll collaborate with AP/AR and ownership stakeholders, prepare budgets, variances, and monthly reporting packages, and assist with audits across multiple properties.

Qualifications

• Bachelor’s degree in Accounting or a related field.
• 3–5 years of property management accounting or financial analysis experience.
• Experience with condominium or cooperative properties required; commercial only not considered.
• Experience with cash-basis and accrual-basis accounting.
• Strong budgeting and variance analysis experience.
• Ability to manage a portfolio of properties and deadlines.
• Strong Excel skills and familiarity with Yardi 7S or similar software.
• Clear written and verbal communication, attention to detail, ability to work independently.

Responsibilities

• Prepare annual operating and capital budgets for assigned properties.
• Monitor budgets vs. actual results, investigate variances, and explain key trends.
• Support monthly close activities with entries, workpapers, and reports.
• Prepare and review monthly reporting packages for property owners with variance analysis.
• Prepare cash flow reports, monitor cash needs, and coordinate distributions and transfers.
• Support mortgage and debt service reporting.
• Prepare special financial reports for ownership or lenders.
• Provide financial information for annual audits.
• Coordinate with AP, AR, and reconciliation teams on payments and receipts.
• Respond to property, ownership, and internal requests promptly.
• Manage multiple properties and deadlines with organized records.

Skills

Budgeting

Variance analysis

Property accounting

Excel

Communication

Attention to detail

Independent work

Portfolio management

Education

Bachelor's degree in Accounting

Tools

Yardi 7S

Job description

Financial Analyst

Location: New York, NY

Compensation: $115,000–$120,000

Work arrangement: Onsite during the first month, then hybrid with two onsite days per week. Onsite days are flexible.

Portfolio: Approximately 10–12 residential properties initially, with the potential to grow to 20–25.

About the Role

A growing residential property management organization is seeking a Financial Analyst to support the accounting and financial reporting needs of a portfolio of condominium and cooperative properties. The role focuses on budgeting, financial analysis, cash management, and monthly reporting for properties with different ownership structures.

The organization’s AP, AR, and reconciliation teams provide support, allowing the Financial Analyst to focus on broader accounting responsibilities, budgeting, and communication with property and ownership stakeholders.

Key Responsibilities

• Prepare annual operating and capital budgets for assigned properties.
• Monitor budgets against actual results, investigate variances, and explain key financial trends.
• Support monthly close activities, including preparing entries, workpapers, and financial reports.
• Prepare and review monthly reporting packages for property owners, including variance analysis and gross potential rent reporting.
• Prepare cash flow reports, monitor cash needs, and coordinate distributions and transfers as needed.
• Support mortgage and debt service reporting.
• Prepare special financial reports requested by ownership or lenders.
• Provide financial information and supporting documentation for annual audits.
• Coordinate with AP, AR, and reconciliation teams on payment, receipt, and accounting matters.
• Respond to property, ownership, and internal requests in a timely and professional manner.
• Manage multiple properties and deadlines while maintaining accurate, organized records.

Qualifications

• Bachelor’s degree in Accounting or a related field.
• 3–5 years of property management accounting or financial analysis experience.
• Experience with condominium or cooperative properties required; candidates with exclusively commercial property experience will not be considered.
• Experience with both cash-basis and accrual-basis accounting.
• Strong budgeting and variance analysis experience.
• Ability to manage a portfolio of properties and handle competing deadlines.
• Strong Excel skills and familiarity with Yardi 7S or similar property accounting software.
• Clear written and verbal communication skills, attention to detail, and ability to work independently.