Senior Property Accountant

Dalan Real Estate; New York (NY); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

401k

Health insurance

Dental

Vision

Transit

Job summary

Dalan Real Estate in New York City is seeking a Senior Property Accountant to support both our owned portfolio and Vantry’s third-party management business. You will own full-cycle monthly close for properties, prepare journal entries, reconciliations, and reporting, and collaborate with partners and asset teams.

The ideal candidate has 3–5 years of real estate accounting experience, proficiency in Yardi and Excel, and a track record of accurate financial analysis.

Qualifications

• Bachelor’s degree in accounting or finance required.
• 3–5 years accounting or financial reporting experience.
• Real estate accounting experience and monthly property closes preferred.

Responsibilities

• Own full-cycle monthly close for properties, including workpapers, journal entries, and reconciliations.
• Analyze loan documents to outline lender reporting requirements for new properties.
• Communicate with Managing Partners and assist in oversight of the assets.
• Prepare bank reconciliations for all accounts in the portfolio.
• Calculate management fees and periodic distributions per the Property Management Agreement.
• Oversee accounts payable and accounts receivable for assigned properties.
• Critically analyze financial data and provide concise explanations.
• Collaborate with operating and asset management teams on property transactions.
• Assist with audits, tax filings, and special projects.

Skills

Excel proficiency

Communication

Education

Bachelor’s degree in accounting or finance

Tools

Yardi

Job description

Dalan Real Estate ("Dalan") is a vertically integrated real estate investment and management firm leveraging its expertise and wide range of capabilities to identify opportunity, unlock value, and create growth. Dalan runs a growing residential and commercial portfolio of over $3 billion in assets with partners including KKR, Bain Special Situations, Hamilton Lane, and RWN. For more information regarding Dalan & Vantry, please visit www.dalanre.com or https://www.vantrymgmt.com/.

Position: Property Accountant

Dalan Real Estate ("Dalan") is excited to hire a Senior Property Accountant to support both our owned portfolio and our growing Third-Party Management business, Vantry Management ("Vantry"). Vantry, a division of Dalan, third-party manages out-of-state assets, along with some in the Greater New York area. In this role, you’ll handle accounting for Dalan’s equity properties as well as Vantry’s third-party clients.

The ideal candidate is detail-oriented, cares about their product, helps others, overcommunicates and is very well organized. The candidate is curious and energetic with a passion for learning and growth. Eager to take on new challenges and contribute to the success of the company. A highly motivated and self-driven individual with a strong work ethic and team-first attitude. This position will be in Dalan’s New York City office.

Primary Responsibilities

Financial Reporting and Analysis

• Take ownership of full cycle monthly close for properties, including monthly workpaper preparation, journal entries, bank reconciliations and any other reporting as outlined in the Property Management Agreement Analyze and abstract loan docs to properly outline lender reporting requirements for newly onboarded properties
• Be able to effectively communicate with Managing Partners overseeing the assets and assist in overseeing the property
• Prepare bank reconciliations for all accounts associated with the portfolio of properties
• Prepare management fee calculations due to Ownership, as well as periodic distributions based on the Property Management Agreement
• Oversee accounts payable and accounts receivable processes for assigned properties
• Critically analyze financial data and provide concise explanations.
• Collaborate with operating teams on property specific transactions.
• Collaborate with asset management team in the preparation of property level budgets.
• Participate in process improvement initiatives related to accounting
• Assist with special projects, as needed
• Assist in the preparation of audit financials and tax return filings

Qualifications:

• Minimum of bachelor’s degree in accounting or finance.
• 3-5 years of Accounting or Financial Reporting experience.
• Previous Real Estate experience is required, with a focus on monthly property closes
• Experience with GAAP accounting is preferred.
• Strong computer skills with proficiency in Excel.
• Knowledge of Yardi is required
• Superior organizational skills and can prioritize and multitask to meet deadlines.
• Able to work independently and collaboratively in a team-based environment.
• Compensation Range $85,000 – $110,000 based on experience.
• Benefits package (401k, Health, Dental, Vision, Transit).
• Eligible for a discretionary year-end bonus based on individual, platform, and Company performance.
• Eligible for a new business incentive compensation on management assignments sourced directly by the employee and engaged by the Company, paid on realized management fees under a separate written agreement.