Senior Property Accountant- Bronx

ZagrebGlobalGroup; New York (NY); On-site; USD 107,000 - 132,000; Full time

Job summary

A leading real estate investment company located in Bronx, NY is searching for a Senior Property Accountant. This role entails performing all aspects of financial management for assigned properties, preparing budgets, and ensuring compliance with financial reporting requirements. Candidates should have a bachelor's degree in Accounting, over 7 years of Property Accounting experience, and be familiar with Yardi Voyager. The position offers a competitive salary within the range of $107,000 to $132,000 annually.

Qualifications

• Bachelor's degree in Accounting or other business degree with Accounting minor.
• 7+ years of Property Accounting experience.
• 3+ years of CAM and Lease Analysis required.

Responsibilities

• Perform financial management for assigned properties.
• Prepare annual budgets and cash forecasting.
• Coordinate year-end tax return preparation.
• Review loan agreements for compliance.
• Prepare monthly bank reconciliations.

Skills

Property Accounting experience

Yardi Voyager

Lease Analysis

Cash management

Financial modeling

Education

Bachelor degree in Accounting or related field

CPA (preferred)

Tools

Yardi Voyager

Job description

About the job Senior Property Accountant- Bronx

Client is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail and residential properties in the New York Metro area.

The privately held company owns and manages an extensive portfolio of properties including multi-building office campuses, medical office buildings, industrial/flex space and retail centers. The company's portfolio includes more than 120 commercial properties totaling over 7 million square feet.

Client also develops a wide range of residential properties including high-end luxury estate homes, high-rise condominiums and restored Manhattan townhouses.

COMP RANGE: 107,000 - 132,000 USD

Location: Bronx, NY

Key Responsibilities

• Performs all aspects of financial management for assigned properties
• Prepares weekly (or daily if necessary) cash reporting as well as cash forecasting
• Prepares yearly budgets (and uploads onto the Yardi system)
• Prepares and coordinates, with outside accountants, year-end tax return preparation and tax workpapers including review of tax return prepared by accountants prior to release
• Prepares and coordinates, with outside accountants, year-end income tax basis Audits which include workpapers and financial statement review for applicable entities
• Reviews loan agreements related to properties to ensure compliance with all financial reporting and reserve requirements
• Prepares monthly and/or quarterly financial reporting for submission to bank as per loan agreements for applicable entities
• Prepares annual state and local reports including RPIEs, TC201s, TC309s, etc. for applicable entities
• Prepares JE adjustments for property acquisitions and dispositions
• Prepares monthly mortgage journal entries and ensures that proper funding is available
• Performs account reconciliation of various accounts including AR, AP and equity on a monthly basis
• Maintain yearly fixed asset schedules for building improvements, tenant improvements, etc.
• Prepares (and/or) reviews monthly bank reconciliations to ensure that transactions are properly recorded
• Reviews and signs off on all Accounts Payable invoices related to assigned properties
• Reviews collection issues with Property Manager
• Reviews monthly billing statements including tenant bill backs and signs off on variance report
• Calculates estimated and actual year end CAM and real estate tax escalation billings
• Reviews new leases / updates in Yardi and maintains both excel and Yardi rent roll
• Reviews and confirms all management fee and commission calculations related to assigned properties

Upper-level Management / Accounting responsibilities

• To assure that all aspects of the accounting function e.g., daily postings: receivables and payables disciplines; internal reports, tickler systems and follow-ups; coordination with CPA firm etc. are pre-formed in a timely, most efficient, and fully satisfactory manner.
• Manage the preparation of periodic operating, GAAP, Accrual and TAX basis financial statements.
• General Ledger maintenance up to and including maintaining balance sheet work papers for all entities.
• Cause financial data from tenant leases or lease abstracts to be entered into the accounting system.
• Coordinate with senior management of the company to assure that all revenue-enhancement and expense-reduction opportunities related to tenant leases are exercised.
• Ability to interpret lease clauses in commercial leases of various complexity and length and build initially build CAM and RE TAX work-papers that properly account for various apex pools within the portfolio.
• Ability to read interpret reporting requirements within the debt covenants of the varied debt facilities within the portfolio and ensure that we are in compliance.
• Coordinate and interface with outside auditors, liaison with banking staff.
• Cross train in all job functions of the junior staff and be sufficiently knowledgeable in all functions to be able to function in the job (if and when) necessary.
• Finalizing, proofing and distributing all tax returns as part of a team of people (i.e. Controller, outside auditors, affiliated senior financial staff.)
• Be familiarized with the various partnership / ownership structures of the portfolios entities and proof out the equity accounts.
• Ability to prepare monthly cash flow projections and draft level budgets for further review and comment.
• Effective cash management.
• Effective financial modeling and interpretation to various outside interested parties (i.e. bank representatives, investors, partners and auditors).
• Special projects as needed.
• Assist in the on-going maintenance of the Policy and Procedures of the Property Accounting Department.

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.

Required Skills, Education, and Experience

• Bachelor degree in Accounting or other business degree with Accounting minor
• 7+ years of Property Accounting experience
• 3+ CAM required
• 3+ Lease Analysis Required
• Yardi Voyager (Preferred)
• CPA is a plus
• Public Accounting (Preferred)

Reports to:

Assistant Controller

Supervisory responsibilities:

None

Work environment:

Office Environment

Hours:

9AM to 6PM, with 1 hour for lunch