My client, a highly regarded commercial real estate firm on Long Island, is seeking a Senior Property Accountant. This company offers a friendly, supportive culture, an attractive work/life balance, and opportunities for advancement.
Responsibilities:- Manage and oversee the accounting and financial reporting functions for commercial real estate, focusing on office and retail spaces
- Prepare monthly/quarterly financial statements and supporting schedules by working closely with property management teams to ensure accuracy. (bank reconciliations, balance sheets, income statements, cash flows etc.).Monitor and maintain cash balances and reserves.
- Perform month-end close procedures including preparation/review of account reconciliations
- Conduct and supervise the CAM reconciliation processes and ensure that all reconciliations are completed accurately and timely
- Prepare operating and tax expense reconciliations as required per governing documents (leases, management agreement, etc.)Record journal entries to the general ledger and ensure records are kept in compliance with appropriate basis of accounting
- Assist in budget/projection preparation process by preparing revenue and expense projections
- Regularly discuss budget-to-actual amounts after each month-end close with management team and owners
- Serve as the point of contact for communications with owners/property owners and outsourced tax accountants
- Thoroughly review lease documents and amendments to reconcile base rents and escalations in the current and future years
- Review and validate proper billing for all tenants across assigned properties
- Coordinate and prepare lease administration; set up new leases in Yardi Voyager, prepare tenant billings, set up tenant profiles
Qualifications:- Bachelor's Degree in Accounting or a related field
- Approximately 2-5+ years of experience
- Experience in public accounting is helpful but not required
- Experience with Yardi, MRI or a similar software is helpful
