Property Accountant

Vaco Recruiter Services; New York (NY); Híbrido; USD 100 000 - 120 000; Tempo integral

Resumo da oferta

Vaco Recruiter Services in New York (Hybrid NYC) is seeking a Property Accountant to own the month-end close and financial health of a multi-property NYC residential portfolio. You will manage 10-12 entities initially, scaling to 20-25, performing journal entries, reconciliations, and variances analysis, and supporting audits.

You will drive the annual budgeting cycle, provide detailed variance storytelling to ownership, and partner with property managers to optimize cash flow and capital needs.

Qualificações

• B.S. in Accounting or equivalent preferred.
• 3-5 years of full-cycle property accounting experience in NYC residential market (condos, co-ops, rentals).
• Strong understanding of accrual accounting and GAAP.
• Proficiency in Excel and Yardi 7s or similar real estate software.
• Ability to manage high volumes of deadlines during peak budgeting periods.

Responsabilidades

• Lead full month-end close for multiple property entities.
• Perform journal entries, accruals, and monthly workpapers with accuracy.
• Conduct monthly bank and security deposit reconciliations.
• Analyze budget vs actual and explain variances to ownership.
• Prepare cash flow projections and assist audits.

Conhecimentos

Analytical thinking

Excel proficiency

GAAP knowledge

Yardi 7s experience

Organization

Formação académica

Bachelor's degree in Accounting

Ferramentas

Yardi 7s

Excel

Descrição da oferta de emprego

Property Accountant

Location: Hybrid NYC

Salary: $100k-120k

The Opportunity:

Our client is seeking a high-caliber Property Accountant to take full ownership of the month-end close and financial health of a dedicated NYC residential portfolio. This is a \"True Accounting\" seat designed for a professional with elite analytical skills who can manage the complexities of multi-entity reporting.

You will start by managing 10-12 individual property entities, with the expectation to scale to 20-25 properties once fully onboarded. This role requires a \"numbers-first\" mindset-someone who doesn't just record entries but deeply analyzes actual-vs-budget variances and maintains precise cash projections for ownership.

Key Responsibilities

Full-Cycle Month-End Close

• Entity Management: Lead the complete month-end closing process for a growing portfolio where each property is its own legal and financial entity.
• General Ledger: Perform all necessary journal entries, accruals, and monthly workpaper preparations with 100% accuracy.
• Reconciliations: Execute monthly bank and security deposit reconciliations, ensuring all tenant and vendor activity is accounted for.

Financial Analysis & Cash Strategy

• Budget vs. Actual: Conduct rigorous analytical reviews of financial performance; you must be able to \"tell the story\" behind the numbers and explain variances to ownership.
• Cash Flow & Projections: Manage daily cash for each property, ensuring liquidity for operating expenses and preparing forward-looking cash projections.
• Audit Support: Act as the primary point of contact for annual audits, providing all necessary schedules and documentation.

High-Volume Budgeting

• Annual Cycles: Drive the intensive budgeting process (Late Summer through Thanksgiving). You must be a \"master juggler\" capable of building complex Operating and Capital budgets for 20+ entities simultaneously.
• Strategic Input: Work closely with property managers and ownership to align budget assumptions with historical data and future capital needs.

Qualifications

• Education: B.S. in Accounting is preferred.
• Experience: 3-5 years of Full-Cycle Property Accounting experience, specifically within the NYC residential market, preferably with condo, co-ops or rentals
• Strong understanding of Accrual Accounting and GAAP.
• High proficiency in Excel and Yardi 7s (or similar enterprise real estate software).
• Strong organizational skills with the ability to manage a high volume of deadlines during peak seasons (Budgeting/Year-End).

By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions.