Property Accountant

Choice NY Property Management LLC; New York (NY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Choice New York Companies seeks an experienced accounting professional to oversee a portfolio of mixed-use residential, COOP, condo and commercial assets in the NYC area. The role involves financial accuracy, reporting to clients, and analyzing data with a hybrid in-office schedule at least two days per week after training.

The ideal candidate has 4+ years in real estate accounting, a BA in Accounting/Finance, and strong analytical, mathematical and communication skills to coordinate with

Qualifications

• Minimum 4 years of accounting experience, preferably in real estate/property management.
• BA in Accounting/Finance or equivalent.
• Strong analytical, mathematical and written/verbal communication skills.
• Ability to make decisions and work independently.

Responsibilities

• Oversee month-end closings and produce financial reports (BS, IS, cash flow).
• Prepare, reconcile, and analyze general ledger accounts for all properties.
• Review budget variance reports with narratives and explanations.
• Manage capital expenditures, property taxes, insurance, and accruals.
• Update fixed assets and intangibles schedules monthly/annually.
• Oversee weekly cash management and forecasting.
• Supervise and review the work of staff accountants.
• Complete bank/escrow/mortgage reconciliations and record acquisitions/dispositions.
• Assist property managers with annual operating budgets.
• Monitor accounts receivable and collaborate with external auditors/tax accountants.

Skills

Analytical skills

Mathematical skills

Communication skills

Independent worker

Education

Bachelor's degree in Accounting/Finance

Job description

Choice New York Companies is one of the fastest growing property management organizations in the New York metropolitan area due to our commitment to superior customer service to both owners and residents. Choice New York Management specializes in residential multi-family, condo-coop, mixed-use and commercial building management in NYC. Choice New York Staffing provides staff to the buildings we manage including concierge, doorman, superintendent, porter and janitorial services. Choice New York Listings provides brokerage sales and leasing to the owners we represent.

Job Overview and Description:

We are seeking an enthusiastic strong self-starter to join one of the fastest growing property management organization in the New York metropolitan area to oversee a portfolio of properties consisting of mixed use residential, COOP, Condo and Commercial assets. Individual will be responsible for financial accuracy and reporting to clients by analyzing financial data, providing feedback, and addressing asset performance. This is a hybrid position with a minimum of two days per week in office after initial training.

Core Functions:

• Complete month-end closings in a timely manner and produced accurate and quality financial reports. (Balance Sheet, Income Statement, Cash flow Statement, etc. in Accrual and Cash basis)
• Prepare, reconcile and analyze general ledger accounts for all financial packages for all assigned properties including journal entries for accruals, re-classifications, adjustments of financial statements
• Review and generated budget variance reports with explanation narratives
• Review and prepare capitalized expenditure, property tax, insurance, and accrued operating expenses schedules
• Prepare yearly and monthly update of Fixed Assets and intangible schedules
• Responsible for overseeing weekly cash management and forecasting
• Supervise, plan and review staff accountants work
• Review and complete Bank/Escrow/Mortgage Reconciliations
• Review and record Acquisition/Disposition Transactions
• Assist Property Managers in preparation of annual operating budgets
• Monitor accounts receivable activity
• Collaborate with external Auditors and Tax Accountant for year-end activities
• File RPIEs, TC 201/3s, tax petitions
• Perform and complete special adhoc projects

Requirements

• Minimum of 4 years of Accounting Experience (preferably in Real estate/Property management)
• BA in Accounting/ Finance or alike.
• Excellent analytical, mathematical and communication (verbal and written) skills
• Decision maker and ability to work independently

Preferred Experience

• Real Estate Industry Experience (Exposure to Residential, COOP, Condo and or Commercial full cycle Accounting)