Senior Property Accountant

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

Job summary

Cobalt Recruitment invites applications for a Senior Accountant to join its finance team, overseeing the financial operations of a multi-property real estate portfolio. You will ensure accuracy in financial reporting, GAAP compliance, and provide critical insights to support strategic decisions.

The ideal candidate will have 3+ years in real estate accounting, strong financial reporting skills, and the ability to collaborate with asset management and operations across NYC and Miami markets.

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of three (3) years of real estate accounting experience.
• CPA designation preferred but not required.

Responsibilities

• Maintain accuracy of financial records for multiple properties.
• Oversee accounts payable processes with AP team.
• Coordinate annual 1099 reporting.
• Perform bank reconciliations in Yardi.
• Assist month-end and year-end closing processes.
• Prepare financial statements for investor and lender reporting.
• Conduct monthly general ledger reconciliations.
• Assist in budgets and forecasts.
• Ensure GAAP compliance across accounting functions.
• Collaborate with asset management and operations to analyze financial data.
• Oversee accounts receivable and intercompany billings as needed.

Skills

Real estate accounting

Financial reporting

GAAP

Budgeting & forecasting

Attention to detail

CPA preferred

Education

Bachelor's degree in accounting or finance

Tools

Yardi

Excel

Job description

Fully integrated real estate firm based in Midtown Manhattan is seeking a Senior Accountant to join its finance team. This role is pivotal in overseeing the financial operations of the firm’s real estate portfolio, ensuring accuracy in financial reporting, compliance with accounting standards, and providing critical financial insights to support decision-making. This Senior Property Accountant requires a strong background in real estate accounting, proficiency in financial reporting, and the ability to work collaboratively with multiple departments. It’s an excellent opportunity to contribute to real estate ventures across NYC and Miami markets.

Key Responsibilities

• Maintain and ensure the accuracy and integrity of financial records for multiple properties within the firm’s portfolio.
• Oversee accounts payable processes in coordination with the AP team, ensuring all invoices and receivable transactions are properly recorded and accounted for.
• Collaborate with the AP department to facilitate annual 1099 reporting, ensuring compliance with regulatory requirements.
• Perform comprehensive bank reconciliations in Yardi, ensuring consistency between internal records and bank statements.
• Assist in the preparation and execution of month-end and year-end financial closing processes, ensuring timely and accurate reporting.
• Prepare detailed financial statements, balance sheets, and income statements for investor and lender reporting, maintaining the accuracy of financial records for external tax accountants.
• Conduct monthly general ledger reconciliations, identifying and resolving discrepancies in financial data.
• Assist in the development of annual budgets and financial forecasts, providing data-driven insights for strategic decision-making.
• Ensure adherence to Generally Accepted Accounting Principles (GAAP) and regulatory compliance across all accounting functions.
• Collaborate with cross-functional teams, including asset management and operations, to gather and analyze relevant financial data.
• Oversee accounts receivable management as required, ensuring timely collection and accurate reporting of rental income and other receivables.
• Manage intercompany billings and reconciliations, ensuring proper allocation of expenses and transactions among affiliated entities.
• Support the completion of annual beneficial ownership informational reporting in compliance with legal and regulatory requirements.

Qualifications and Experience

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of three (3) years of real estate accounting experience, with a strong understanding of property-level financial operations.
• Previous experience in public accounting is preferred.
• Proficiency in Yardi is highly preferred.
• Certified Public Accountant (CPA) designation is preferred but not required.
• Strong knowledge of financial statements, journal entries, and general accounting principles.
• Expertise in financial reporting, budgeting, and forecasting.
• Advanced proficiency in Microsoft Excel and other accounting software.
• Exceptional analytical and quantitative skills, with the ability to interpret complex financial data.
• Strong attention to detail and commitment to accuracy in financial reporting.