Senior Property Accountant
Salary $100,000 - $120,000 per year + 10% Bonus
Location New York, NY, USA
Consultant Joseph Ferrara
JobRef 121212/0012019-08-15 2019-10-13 accountancy permanent US New York New York 7 Times Square Tower 10036 USD 100000 120000 120000 YEAR Robert Walters https://www.robertwalters-usa.com https://www.robertwalters-usa.com/content/dam/robert-walters/global/images/logos/web-logos/square-logo.png
A newly created Senior Property Accountant role has just arisen within a highly prestigious Real Estate Firm located in brand new offices in the heart of Manhattan. Working closely with the VP of Finance and other executives of the company, this is an exceptional opportunity offering tremendous growth potential.
About the Senior Property Accountant Role:
In this Senior Property Accountant Role you will be involved in all aspects of the Real Estate Transactions working closely with the property Managers, Legal and the Finance team. This is a team oriented company looking to thrive while their company continues to grow in size. You will have an opportunity to advance within the company as they continue to mature.
Establish Property Accounting Infrastructure / Lead Property Accounting Team
Maintain working protocol between the Property Accounting, property management, leasing and development teams to ensure that all transactions are accurately recorded and communicated to the management team; responsible for proactively resolving any issues with these departments
Real Estate Tax Review / Analysis
Prepare new lease analysis to determine appropriate CAM and RET reimbursement % for all new leases, assessing overall impact to the overall recoverability of property expenses at the property.
Responsible for the preparation of cash basis financial statements for each property, including the preparation and posting of all required month-end journal entries and reconciliations
- Responsible for on-boarding new acquisitions including MRI set up; Rent / Roll - Input of Existing Leases; Initial Billing Set Up; responsible for review of prorations within closing settlement statement and preparation of opening balance sheet entry
- Responsible for assisting in the analysis of properties that are marketed for sale
- Responsible for detailed monthly Financial Statement Review / Budget to Actual Analysis; working closely with individual Property Managers to identify and explain material budget variances
Bachelor’s degree in Accounting; CPA preferred but not essential.
5+ years of accounting experience with 3+ years of direct Property Accounting experience; experience with retail and residential properties a plus
Experience in establishing a Property Accounting platform with best in class policies, procedures and reporting
Experience within fast paced, deal-oriented organizations
Very Strong communication and interpersonal skills with ability to directly work with Executives / Department Heads to set and enforce appropriate policies and procedures
Attention to detail and proactive approach to identifying and independently resolving issues a must
Experience with MRI and Nexus desirable or demonstrate competency in equivalent systems. Proficient in word, excel and PowerPoint
Must Have Property Accounting experience in either Commercial Real Estate, Residential Real Estate and or Retail.
- Team oriented