Property Accountant

Simone Development Companies; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Simone Development Companies in New York seeks an experienced accounting professional to manage financial operations for a portfolio of commercial and residential properties. The role focuses on accuracy, timely reporting, and compliance within a multi-property framework.

The candidate will prepare cash reports, budgets, tax workpapers, and monthly/quarterly statements, coordinate with outside accountants, and ensure proper accounting in Yardi Voyager across entities.

Qualifications

• Bachelor's degree in Accounting or related field.
• 3–5 years of commercial real estate accounting experience.
• Experience with Yardi Voyager or a similar system.
• Must be detail oriented and organized.

Responsibilities

• Performs all aspects of financial management for assigned properties.
• Prepares weekly (or daily if necessary) cash reporting as well as cash forecasting.
• Prepares yearly budgets (and uploads onto the Yardi system).
• Prepares and coordinates year-end tax workpapers and tax return review with outside accountants.
• Reviews loan agreements to ensure compliance with reporting and reserve requirements.
• Prepares monthly/quarterly financial reporting for banks per loan agreements.
• Reviews and signs off on Accounts Payable invoices for properties.

Skills

Financial analysis

Cash flow forecasting

Budgeting

Accounts reconciliation

Property accounting

Education

Bachelor's Degree in Accounting

Tools

Yardi Voyager

Excel

Job description

Simone Development is a full-service, privately held commercial and residential real estate investment and development company with a distinguished resume and reputation established over five decades. As a full-service developer, we have the ability to rapidly move any project from site selection, acquisition, financing, construction, leasing, property management and maintenance. The core principles that define the Simone organization are the stability, creativity and professional expertise of our management team; an aggressive long-term business plan; a commitment to excellence and tenant service; our close relationships with strategic partners, tenants, lenders, municipalities, and real estate professionals; a consistent ability to add value; and most importantly, our unwavering pursuit of visionary development.

For more than 25 years, Simone Healthcare Development has been designing, building, financing and managing successful medical office and healthcare facilities for some of the New York Metropolitan Area’s largest and most prestigious hospitals and medical practices. Simone specializes in creating custom-designed leading edge healthcare facilities including Ambulatory Surgical Centers, Cancer Treatment Centers, Radiology Centers, Urgent Care Centers, and Medical Specialty Offices.

Key Responsibilities

• Performs all aspects of financial management for assigned properties.
• Prepares weekly (or daily if necessary) cash reporting as well as cash forecasting.
• Prepares yearly budgets (and uploads onto the Yardi system).
• Prepares and coordinates, with outside accountants, year-end tax return preparation and tax workpapers including review of tax return prepared by accountants prior to release.
• Prepares and coordinates, with outside accountants, year-end income tax basis Audits which include workpapers and financial statement review – for applicable entities.
• Reviews loan agreements related to properties to ensure compliance with all financial reporting and reserve requirements.
• Prepares monthly and/or quarterly financial reporting for submission to bank as per loan agreements – for applicable entities.
• Prepares annual state and local reports including RPIEs, TC201s, TC309s, etc. – for applicable entities.
• Prepares JE adjustments for property acquisitions and dispositions.
• Prepares monthly mortgage journal entries and ensures that proper funding is available.
• Performs account reconciliation of various accounts including AR, AP and equity on a monthly basis.
• Maintain yearly fixed asset schedules for building improvements, tenant improvements, etc.
• Prepares (and/or) reviews monthly bank reconciliations to ensure that transactions are properly recorded.
• Reviews and signs off on all Accounts Payable invoices related to assigned properties
• Reviews collection issues with Property Manager.
• Reviews monthly billing statements including tenant bill backs and signs off on variance report.
• Calculates estimated and actual year end CAM and real estate tax escalation billings.
• Reviews new leases / updates in Yardi and maintains both excel and Yardi rent roll.
• Reviews and confirms all management fee and commission calculations related to assigned properties.

Knowledge, Education, and Experience

• Bachelors Degree in Accounting or like experience
• 3 - 5 years’ of commercial real estate experience
• Experience with Yardi Voyager or a similar system
• Must be detail oriented and organized

Equal Employment Opportunity Requirements

It is the policy of Simone Development (SIMDEV) to provide equal employment opportunities to all qualified individuals without regard to race, color, creed, religion, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity or expression (including transgender status), age, marital status, familial status, citizenship status, disability or genetic information or handicap or status as a Vietnam-era or special disabled veteran in accordance with all applicable federal, state and local laws.