Real Estate Accounting Job at Phaxis in New York

Real Estate Accountant
Midtown-in office daily
Yardi Needed!
Base salary $80,000-$90,000 base + Bonus/Commission!
The accountant will be responsible for managing the financial transactions and records of real estate properties. This role requires a comprehensive understanding of accounting principles, strong organizational skills, and the ability to work independently. You will play a key role in maintaining accurate financial records, preparing reports, and ensuring compliance with relevant regulations.
Key Responsibilities:

1. Full-Cycle Accounting:

• Manage the entire accounting process for assigned real estate properties, including accounts payable, accounts receivable, and general ledger entries.
• Record and reconcile financial transactions to maintain accurate and up-to-date financial records.

1. Financial Reporting:

• Prepare and analyze monthly, quarterly, and annual financial statements for real estate properties.
• Provide financial reports to management, highlighting key performance indicators and variances.

1. Bank Reconciliation:

• Reconcile bank statements and other financial accounts regularly.
• Investigate and resolve discrepancies in a timely manner.

1. Budgeting and Forecasting:

• Assist in the development and monitoring of property budgets.
• Collaborate with property management teams to gather relevant financial data for forecasting purposes.

1. Accounts Payable and Receivable:

• Process invoices, ensure proper coding, and manage accounts payable.
• Monitor and manage accounts receivable, including rent collection and tenant billing.

1. Expense Management:

• Review and analyze property-related expenses, identifying cost-saving opportunities.
• Ensure accurate coding and classification of expenses in the general ledger.
• Establish and maintain effective financial controls to ensure the accuracy and integrity of financial information.
• Implement and enforce accounting policies and procedures.

1. Communication and Collaboration:

• Collaborate with property managers, owners, and other stakeholders to address financial inquiries and provide information.
• Communicate financial information clearly and concisely to non-financial team members.

Qualifications:

• Bachelor's degree in accounting, Finance, or a related field.
• Proven experience as an accountant in the real estate industry.
• Strong understanding of Generally Accepted Accounting Principles (GAAP).
• Proficiency in accounting software-Yardi preferred
• Detail-oriented with strong organizational and multitasking abilities.
• Excellent communication and interpersonal skills.