Senior Property Accountant (Financial Management)

L+M Development Partners; New York (NY); On-site; USD 109,000 - 130,000; Full time

Job summary

An established industry player in real estate management is seeking a skilled Accounting Professional to oversee financial reporting and budgeting for a diverse portfolio. This role involves collaborating with property managers and the asset management team to ensure accurate financial operations and reporting. The ideal candidate will possess strong Excel skills and a Bachelor's degree in Accounting, with a minimum of three years of relevant experience. Join a dynamic environment that values organization and communication, and contribute to the success of a growing residential developer.

Qualifications

• 3+ years of experience in accounting or financial management.
• Strong knowledge of Excel and general computer skills required.

Responsibilities

• Develops annual budgets and prepares month-end journal entries.
• Communicates with management and investors regarding financial reports.

Skills

Excel

General Computer Skills

Organization Skills

Education

Bachelor's Degree in Accounting

Tools

Yardi

Job description

C+C Apartment Management LLC is recognized as an industry leader in management and real estate operations. Our team manages the day-to-day operations of over 23,000 residential dwelling units across approximately 400 multi-family buildings throughout the New York Tri-state area. The C+C portfolio contains market rate, mixed market rate, affordable and full tax credit / affordable properties.

Our mission is to provide exceptional property management services that meet the diverse needs of our various constituents, including our residents, the local community, government and financing agencies, and the owners of the properties. C+C offers a full breadth of management services to improve and enhance a property's revenue, cost control measures, maintenance, financial reporting, and resident relations.

Areas of Responsibility and Job Requirements :

Serves as primary interface between accounting and property management, and responsible for the creation of all property reports and mandatory filings. Reviews and discusses monthly reports directly with investors and L+M asset management team.

Responsibilities include, but are not limited to :

• Develops annual budgets with possible reforecasts during the year in conjunction with management and property manager (PM)
• Prepares month and year end journal entries, recorded into Yardi (recurring)
• Reviews monthly cash flow statement with account analysis of significant budget variances
• Communicates with management, investors, L+M asset management and PM with respect to same
• Reviews additional statements to be sent to investors / banks including, BS, AR, AP, etc.
• Reviews the general ledger accounts codes at least once quarterly, including payroll reconciliation
• Tracks escrow and reserve accounts and conducts periodic analysis to determine appropriateness of escrow amounts
• Works with PM's on requisitions from blocked replacement reserve / operating accounts
• Prepares year-end audit package including work papers, for submission to outside accountants
• Posts outside accountant's year end journal entries and reconcile beginning year general ledger balances
• Tracks partner capital contributions and distributions for specific properties
• Directly works with L+M asset managers on special projects and reports requested by banks / investors

Minimum Education Requirements :

• Bachelor's degree in Accounting

Minimum Years of Experience Required :

• 3+ years of comparable experience

Additional Knowledge, Skills and Abilities :

• Strong knowledge of Excel and general computer skills, required
• Must demonstrate strong organization skills and ability to work with people
• Knowledge of Yardi, preferred

Competencies / Essential Job Functions :

This position consists mainly of light physical work. The position may require exertion of up to 10 pounds of force occasionally to lift, carry, push, pull or otherwise move objects, including the human body. The role involves sitting most of the time.

The incumbent is required to have visual acuity to determine the accuracy and thoroughness of the work assigned or to perform an activity such as : preparing and analyzing data, reviewing data, view computer screens for extended periods of time, extensive reading, etc.

• This role frequently requires the incumbent to grasp, engage in repetitive movements with the wrist, hands, and fingers, typing for extended period of time.
• The role also requires incumbent to talk and hear, expressing or exchanging ideas by means of spoken work and the ability to receive detailed information through oral communication, and to make distinctions in sound.

The incumbent may occasionally be subject to noise sufficient to cause the worker to shout in order to be heard above the noise.

Other Duties :

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities of this position at any time with or without notice.

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities of this position at any time with or without notice.

C+C offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer / builder organization.

C+C is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

• Job Family C&C Financial Management
• Min Hiring Rate $109,028.00
• Max Hiring Rate $130,000.00
• Required Education Bachelor's Degree
• Job Start Date Thursday, April 3, 2025

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