Senior Accountant

BFC Partners; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

The Senior Accountant at BFC Partners in New York supports the general ledger, monthly close, and property owner accounting for corporate and operating entities. You will prepare financial statements and reporting packages, ensure accuracy, timeliness, and audit readiness, and collaborate with asset management, third-party managers, and external advisors.

This role drives balance sheet reconciliations, assists with annual audits and tax returns, and helps maintain internal controls.

Qualifications

• Supports the general ledger, financial close and property owner accounting for corporate and operating properties.
• Prepares standalone and consolidated financial statements, balance sheet reconciliations and audit-ready reporting packages.
• Interacts with external accounting, audit, tax advisors and asset management teams to ensure accurate reporting.

Responsibilities

• Support the corporate chart of accounts and monthly/quarterly/annual close processes.
• Prepare balance sheet reconciliations and maintain close calendars/checklists.
• Assist in preparing property owner statements and owner-level financial statements.
• Coordinate with controllers and auditors to ensure statements are complete and accurate.
• Support reporting to asset management, third-party managers and lenders.

Skills

GAAP knowledge

General ledger

Financial close

Intercompany accounting

Audits & compliance

Education

Bachelor's degree in Accounting

Job description

Overview

The Senior Accountant supports the general ledger, financial close and property owner accounting for the company's corporate management company and operating property entities. This role helps execute the monthly, quarterly, and annual close process, maintains accurate corporate and property owner books and records and prepares financial statements and reporting packages, ensuring that financial information is accurate, timely and audit ready. The position works closely with the finance team, third-party property managers, Asset Management and external accounting, audit and tax advisors.

Key Responsibilities

General Ledger & Financial Close

• Support the corporate chart of accounts, general ledger and books and records and assist in executing the monthly, quarterly and annual financial close process.
• Prepare balance sheet reconciliations for review and help maintain the monthly close calendar and checklist.
• Assist in preparing standalone and consolidated corporate financial statements, including consolidation and elimination entries.
• Coordinate with the Controller to confirm financial statements are accurate and complete.

Corporate Operating Accounting, AP & Revenue

• Assist with accounting for payroll, employee benefits and corporate operating costs and help maintain corporate prepaid, accrual, fixed asset and depreciation schedules.
• Verify general ledger coding, process wire payments, and support annual 1099 reporting and segregation of duties over disbursements.
• Support billing and recording of asset management and property oversight fees, help maintain accounts receivable and assist in reconciling fee revenue and receivables to underlying agreements.
• Apply revenue recognition policies in coordination with the Controller.

Cost Allocations, Intercompany & Treasury Support

• Assist in allocating payroll, personnel and shared-service costs to projects and properties and help maintain supporting allocation schedules and documentation.
• Review and reconcile intercompany activity, support intercompany settlements and assist with consolidation eliminations.
• Help monitor corporate cash balances and liquidity requirements, assist in preparing corporate cash forecasts and support corporate debt and credit facility accounting.
• Assist with covenant reporting and debt service recording in coordination with Treasury.

Corporate Budgeting, Audit & Compliance Support

• Support preparation of the annual corporate operating budget, periodic forecasts and budget-to-actual reporting.
• Help monitor G&A spending, corporate overhead, fee revenue, and corporate profitability and support executive management, Partners, and KPI/dashboard reporting.
• Prepare audit schedules and support the annual corporate financial statement audit, tax return preparation and insurance audits.
• Support maintenance of corporate internal controls and financial record retention requirements.

Property Owner Accounting – Third-Party Manager Oversight

• Assist in establishing and communicating accounting and reporting requirements, standardized reporting packages, and submission deadlines for third-party property managers.
• Coordinate monthly, quarterly, and annual close requirements and review property manager reporting for completeness and accuracy.
• Follow up on missing, incomplete or inconsistent information and maintain ongoing communication with property manager accounting teams.
• Help monitor compliance with management agreements and owner reporting requirements and help identify recurring deficiencies for escalation.

Property Owner Books, Close & Financial Statements

• Help maintain the official owner-level general ledger for each property and ownership entity and support mapping of property manager charts of accounts to the owner chart of accounts.
• Record owner-level journal entries, accruals, adjustments, debt, financing, cash and intercompany activity not maintained by property managers.
• Support the owner-level monthly close, including balance sheet reconciliations, close sign-off and review documentation.
• Assist in preparing property-level and ownership-entity financial statements, including balance sheets, statements of operations, cash flow statements, and footnotes where required, applying GAAP, tax-basis, contractual and regulatory reporting requirements as applicable.

Property Operating Results, Reserves & Capital Expenditure Support

• Review monthly property operating results, revenue, operating expenses, NOI and budget-to-actual variances, and flag unusual trends or accounting anomalies.
• Help provide finalized financial statements, NOI, cash/liquidity, debt and reserve reporting to Asset Management and support annual business plans, forecasts, valuations, refinancing and acquisition/disposition analysis.
• Help monitor debt-service requirements, and assist in maintaining and reconciling reserves, escrow and restricted cash schedules.
• Review capital expenditures against approved budgets, help monitor capital commitments and support owner-level capital expenditure and fixed asset schedules.

Owner, Investor, Lender & Audit Reporting Support

• Assist in preparing owner, investor, joint venture and partner/member capital reporting required by partnership and operating agreements.
• Support investor and joint venture accounting inquiries and help reconcile investor reporting to the owner general ledger.
• Support lender regulatory and affordable housing reporting, debt covenant reporting and coordination of annual property and ownership-entity audits. Prepare owner-level audit schedules, assist with audit inquiries to property managers and support annual tax return preparation and related reconciliations.

Shared Responsibilities & Cross-Functional Coordination

• Support coordinated close calendars, consistent close standards, reconciliation requirements and financial statement review/approval procedures across the organization.
• Support Company-wide accounting policies, procedures, internal controls and accounting system/chart of accounts governance.
• Identify workflow automation opportunities and process improvements to reduce manual and duplicative work and support data integrity across accounting and operational systems.
• Coordinate with Development, Construction, Asset Management, third-party Property Management, Treasury, Tax, Legal, FP&A, Human Resources, IT and Executive Management as needed.

Reporting Structure

The Senior Accountant reports to the Chief Financial Officer and works closely with fellow finance team members, Asset Management, Development, Legal, as well as external accounting, audit and tax advisors. This role does not currently have direct supervisory responsibilities.