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Bisnow

Senior Property Accountant

Bisnow, New York, NY, United States


Our SelectLeaders' client is a privately held developer, manager and owner of commercial real estate with over four decades of experience within all asset classes. Since inception, the firm's disciplined investment approach has produced a successful track record developing and investing in commercial real estate throughout the United States.

They are looking for an experienced Senior Property Accountant for a full-time position in our midtown Manhattan office. Applicant must have experience in real estate industry, an eye for detail, and excellent analytic and communication skills.

This position is 5 days in the office with an option to work 1 day remote a month.

Responsibilities:

    • Responsible for the monthly reporting packages consisting of shopping centers, office building, development properties, garages and retail spaces.
    • Update the escrow balances and mortgage summary reports.
    • Review cash flow and various management reports.
    • Provide outside accountants with the statement of changes, and sources and uses files.
    • Reconcile tenant security accounts and ledgers.
    • Responsible for creating AP batches for the mortgages in Yardi.
    • Review and approve invoices in Yardi.
    • Review bank reconciliations.
    • Update the escrow and mortgage balances for Treasury Department.
    • Maintain accounting workpapers.
    • Review distribution schedule provided by Treasury Department and document variances.
    • Prepare quarterly status reports with asset managers.
    • Prepare the annual budgets and 3-year projections with Property Managers and Lease Administrator for leasing assumptions and operating expenses.
    • Review CAM reconciliations for budgets and year-end audits.
    • Prepare year end audit workpaper packages and deliver to auditors.
    • Work with the auditors to complete the audited financial statements.
    • Record journal entries for consolidated books at year end.
    • Update GAAP straight-line excel schedules for year end.
    • Update GAAP depreciation excel schedules for year end.
Job Requirements:
    • Required knowledge of Yardi Voyager's Custom Financial Reports and Advanced Budgeting Tools
    • Experience within the commercial and retail segments of the real estate industry.
    • Must have strong organizational skills with attention to detail.
    • Must be able to work independently and in a collaborative environment.
    • Ability to multi-task and meet required deadlines in a fast-paced environment.
    • Salary: $100-115k