Property Accountant

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

Job summary

Vaco by Highspring is seeking a Property Accountant for a Real Estate/Property Management organization in Midtown Manhattan. The role is hybrid (3 days on-site after training).

Responsibilities include cash management, monthly close, financial reporting with variance analysis and GPR, budgeting assistance, and audit support. Proficiency in Excel and Yardi 7s, and accrual accounting are required.

Qualifications

• B.S. in Accounting is required.
• 3-5 years of accounting experience in property management.
• Proficiency in Microsoft Excel and Yardi 7s or similar PM software.

Responsibilities

• Cash management: monitor liquidity and ownership distributions.
• Month-end closing and reporting with variance analysis and GPR.
• Assist budgeting and provide audit support; reconcile security deposits.

Skills

Excel

Accrual accounting

Communication skills

Multitasking

Education

B.S. in Accounting

Tools

Yardi 7s

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.

Representation Notice

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. Additionally, you agree to be included in our talent pool for future hiring for similarly qualified positions. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. Lastly, you agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
• Virginia residents may access our state specific policies here.
• Residents of all other states may access our policies here.
• Canadian residents may access our policies in English here and in French here.
• Residents of countries governed by GDPR and UK GDPR may access our policies here.

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.

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).