Property Accountant

Job Title: Property Accountant

Location: Long Island, NY

The chosen candidate will play a crucial role in ensuring precise financial reporting and delivering valuable financial insights to both management and clients.

Responsibilities:

Daily:

• Address tenant billing inquiries promptly and efficiently.
• Record daily cash transactions using Yardi software.
• Review and confirm deposit postings.
• Undertake ad-hoc projects and analyses as directed by management.

Weekly:

• Manage cash positions for Accounts Payable (AP) selection and distributions.
• Reconcile bank accounts.
• Prepare weekly expense forecasts.
• Monitor rent collections aligned with monthly mortgage payment dates.
• Coordinate with the Collections department for timely rent collection.

Monthly:

• Prepare monthly management reports.
• Reconcile and oversee bank accounts, escrows, tenant security, and general ledger accounts.
• Post-adjusting journal entries for mispostings, accruals, etc.
• Generate financial statements such as Income Statement, Balance Sheet, and Trial Balance.
• Accurately process rent billing.
• Review leases to ensure all eligible chargebacks are accounted for.
• Analyze month-to-month billing comparison reports.
• Review and approve sundries, late fees, etc.
• Manage sales tax returns.
• Conduct month-end closings for accounts payable, accounts receivable, and general ledger.
• Verify general ledger against cash reports for accuracy.
• Maintain utility logs for each property for timely payment and expense analysis.

Annually:

• Assist in preparing property budgets.
• Collaborate with the Leasing Department to review current and projected leases for revenue forecasting.
• Coordinate with the Operations Department to review prior year expenses for expense forecasting.
• Provide external accountants with necessary workpapers and research inquiries for year-end audits.

Requirements:

• Bachelor’s Degree in accounting
• Essential experience in the real estate industry.
• Proficient knowledge of GAAP and financial reporting standards.
• Proficiency in MS Word and Excel.
• Strong interpersonal skills.
• Effective leadership abilities.
• Excellent verbal and written communication skills.
• Outstanding organizational skills.