Real Estate Finance Supervisor

Volunteers-of-America---Greater-New-York,-Inc.; New York (NY); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental & Vision

Prescription Coverage

Life Insurance

Retirement Plan

Tuition Reimbursement

Paid Time Off (incl. Paid Birthday)

Job summary

Volunteers of America Greater New York, Inc. is seeking a Real Estate Finance Supervisor to lead the residential accounting team and partner with Asset Management and Operations in New York City.

The role focuses on GAAP-based monthly/quarterly statements, audits, and budget controls, with a hybrid work arrangement. The ideal candidate has a accounting degree, 5 years in low-income real estate accounting with 3+ years in supervision, and proficiency in Yardi, Excel, Word, and PowerPoint.

Qualifications

• Bachelor's degree in accounting.
• 5-years low-income real estate experience (development/ construction accounting is a plus) with at least 3 years of demonstrative supervisory experience, or satisfactory combination of education and experience.
• Financial accounting expertise in accordance with U.S. GAAP standards.
• Strong interpersonal skills and the ability to effectively communicate.
• Strong working knowledge of Yardi, Excel, Word, & PowerPoint is required.
• Experienced in writing internal policies and procedures.

Responsibilities

• Manage residential accounting team and work closely with the Asset Manager/Operations Team.
• Prepare/review monthly, quarterly and annual financial statements (including variance analysis reports) as well as distribution to appropriate personnel.
• Manage annual audits, budget preparation and new lease abstracts.
• Review and assist with preparation of month end close workpaper package inclusive of bank reconciliations, accruals, prepaid rents, fixed asset schedules including GAAP adjustments.
• Analyze daily cash balance and submission of escrow/reserve reimbursement.
• Review/approve monthly closing journal entries, invoices, PO and cash receipts postings.
• Review leases, maintain schedule of leases as well as prepare year-end lease obligation.
• Review and account for construction activity and capital improvements.
• Review monthly funding draw submission to lenders, investors and governing agencies
• Maintain compliance with partnership agreements, loan agreements for the related entities and Low-Income Housing Tax Credit (LIHTC) standards.
• Under supervision of the Controller, prepare schedules required by VOA-GNY's Related Entities' debt covenants.

Skills

Supervisory experience

Yardi

Excel

PowerPoint

Communication

Financial accounting

Education

Bachelor's degree in accounting

Tools

Yardi

Excel

PowerPoint

Word

Job description

Position: Real Estate Finance Supervisor (Hybrid)

The Real Estate Finance Supervisor manage general ledger accounting functions and the timely production of accurate internal and external monthly/quarterly operating statements for the partnerships and related entities of VOA-GNY. Support the Controller in property performance analysis; prepare property budgets; annual external audits and funder compliance reporting. Responsible for day-to-day management and supervision of two Senior Real Estate Accountants. Support Controller in the preparation of interim financial statements (monthly and quarterly for Finance Committee) and GAAP Financial Statements and related footnote disclosures.

Location: New York, NY 10020

Minimum Qualifications:

• Bachelor's degree in accounting
• 5-years low-income real estate experience (development/ construction accounting is a plus) with at least 3 years of demonstrative supervisory experience, or satisfactory combination of education and experience.
• Financial accounting expertise in accordance with U.S. GAAP standards.
• Strong interpersonal skills and the ability to effectively communicate.
• Strong working knowledge of Yardi, Excel, Word, & PowerPoint is required.
• Experienced in writing internal policies and procedures.

Real Estate Finance Supervisor Principal Responsibilities:

• Manage residential accounting team and work closely with the Asset Manager/Operations Team.
• Prepare/review monthly, quarterly and annual financial statements (including variance analysis reports) as well as distribution to appropriate personnel.
• Manage annual audits, budget preparation and new lease abstracts.
• Review and assist with preparation of month end close workpaper package inclusive of bank reconciliations, accruals, prepaid rents, fixed asset schedules including GAAP adjustments.
• Analyze daily cash balance and submission of escrow/reserve reimbursement.
• Review/approve monthly closing journal entries, invoices, PO and cash receipts postings.
• Review leases, maintain schedule of leases as well as prepare year-end lease obligation.
• Review and account for construction activity and capital improvements.
• Review monthly funding draw submission to lenders, investors and governing agencies
• Maintain compliance with partnership agreements, loan agreements for the related entities and Low-Income Housing Tax Credit (LIHTC) standards.
• Under supervision of the Controller, prepare schedules required by VOA-GNY's Related Entities' debt covenants.

We are committed to offering our employees an exceptional comprehensive benefits package that supports their health, well-being, and personal growth. Full-time employees enjoy:

• Medical, Dental, & Vision Coverage
• Prescription Coverage
• Life Insurance
• Retirement Plan
• Tuition Reimbursement
• Paid Time Off, including a Paid Birthday Holiday

And much more!