Property Accountant

Vaco by Highspring; New York (NY); On-site; USD 100,000 - 115,000; Full time

Job summary

Vaco by Highspring in New York City is seeking a Property Accountant to manage cash, ledgers, and financial reporting for a Real Estate/Property Management organization. The role is hybrid in Midtown Manhattan, three days onsite after training.

You will handle liquidity, bank reconciliations, payables/receivables, debt service reporting, month-end closes, budget preparation, and audit support, requiring a BS in Accounting and 3–5 years of property accounting experience.

Qualifications

• B.S. in Accounting is required.
• 3–5 years of accounting experience in property management.
• Proficient in Excel and accrual accounting; Yardi 7s experience preferred.

Responsibilities

• Monitor liquidity and coordinate ownership distributions.
• Reconcile bank accounts and coordinate wire transfers.
• Process payables, review receipts, and liaise with AP/AR.
• Prepare monthly debt service reporting.
• Close month-end and prepare ownership reports with variance and GPR.
• Lead annual operating and capital budgets; assist audits.
• Reconcile security deposits monthly.

Skills

Microsoft Excel

Accrual accounting

Yardi 7s

Education

B.S. in Accounting

Job description

Client: Real Estate/Property Management Organization
Role: Property Accountant
Salary: $100,000 - $115,000/annually + Benefits

Location: Midtown Manhattan - *Hybrid, 3 days a week onsite following training*

Job Description:

Cash Management & Operations

• Liquidity Oversight: Monitor cash balances to ensure all operational expenses are covered; coordinate and execute ownership distributions.
• Banking: Reconcile bank accounts monthly (or more frequently as required) and coordinate wire transfers with the cash management team.
• Payables & Receivables: Commit approved payables for payment, review non-tenant receipts, and maintain seamless communication with the AP and AR departments.
• Debt Service: Prepare and ensure the timely delivery of monthly debt service reporting for mortgage payments.

Financial Reporting & Analysis

• Closing Procedures: Execute all month-end closing entries and procedures with high precision.
• Reporting Packages: Prepare comprehensive monthly workpapers and ownership reports, including detailed variance analysis and Gross Potential Revenue (GPR) reporting.
• Special Projects: Generate ad-hoc financial reports as requested by lenders or ownership entities, primarily using accrual-basis accounting.

Budgeting & Audit Support

• Budgeting: Lead the annual preparation of Operating and Capital budgets in alignment with specific lender and owner requirements.
• Audit Coordination: Provide essential financial data and support during the annual audit process.
• Security Deposits: Perform monthly reconciliations of security deposits and provide guidance to the security deposit team.

Candidate Qualifications

• Education: B.S. in Accounting (Required).
• Experience: 3-5 years of accounting experience specifically within Property Management.
• Technical Skills: High proficiency in Microsoft Excel.
  • Strong working knowledge of Yardi 7s or comparable property management software.
  • Deep expertise in accrual accounting principles.
• Soft Skills:
  • Exceptional written and verbal communication skills.
  • Meticulous attention to detail and the ability to multi-task.
  • A professional demeanor with a commitment to timely responsiveness.
  • Ability to work independently while meeting strict monthly deadlines.

Equal Opportunity Notice

Highspring LLC (d/b/a Vaco by Highspring) and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") are committed to the full inclusion of all qualified individuals and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by applicable law. The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if an accommodation is needed to participate in the job application or interview process, please contact [e-mail].

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations; and
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).

Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring's use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.