Property Accountant

Job Description

Job Description

We are currently looking for a Property Accountant for our client, a full-service, privately held commercial and residential real estate investment and development company conveniently located in the Bronx.

This is a Permanent Direct Hire Opportunity; Hours : Standard hours are 9-6(100% on-site). Salary : $90-105K DOE

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

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 like experience

5-7 years’ of commercial real estate experience

Yardi Voyager of similar platform

Payscan

Detail oriented

Communication skills