property accountant in bronx

posted
contact
angela capparelli, tatum executive services
job type
permanent
salary
US$ 95,000 - US$ 120,000 per year
apply now

job details

posted
location
bronx, new york
job category
Accounting & Auditing
job type
permanent
working hours
9 to 5
salary
US$ 95,000 - US$ 120,000 per year
experience
5 Years
reference number
503150
contact
angela capparelli, tatum executive services
phone
914-339-5068

job description

job summary:

Growing Real Estate developer in Westchester is looking for an Asst. Controller or Senior Property Accountant to work closely with there Director of Accounting to manage all aspects of accounting and financial management for assigned properties. This role is due to growth, Local Candidates only as this is an in office role.

 
location: Bronx, New York
job type: Permanent
salary: $95,000 - 120,000 per year
work hours: 9 to 5
education: Bachelor's degree
experience: 5 Years
 
responsibilities:

Primary Responsibility

Perform/manage all aspects of accounting and financial management for assigned properties.

Tax Related Responsibilities

Review all tax returns prepared by outside CPA firm, including reconciling tax returns to our books and records

  • Record journal entries provided by outside CPA firm for tax items
  • Review tax returns for any overlooked tax issues

Prepare annual tax-based financial statements and full work papers

  • Verify and analyze all general ledger accounts
  • Review and document all fixed asset additions, retirements and depreciation
  • Reconcile and prove mortgage balances and related escrow accounts and interest expense, etc., to year-end bank statements
  • Perform an analytic review of all revenue and expense accounts
  • Prepare schedules for lease commissions, mortgage costs additions, write-offs and amortization
  • Record k-1 activity for pass through entities
  • Produce other work papers and analyses as required for each individual property

Prepare filings for payment of all taxes related to properties

  • Property taxes, LLC fees, Biennial fees

Tenant Billing Responsibilities

Review the Commercial Billing Report and approve monthly rent charges

Calculate and bill all monthly property and construction management fees

Manage security deposits

  • Reconcile amount of deposit between Yardi and lease documents
  • Monitor individual bank accounts for security deposits

Calculate charges related to tenant move outs

  • Final CAM charges prior to tenant move out and release of security deposit
  • Final taxes and insurance, etc., due from tenant before move out

Review and approve tenant adjustments and other write offs

Calculate estimated and actual escalation billings, CAM, Insurance and RE Taxes - including the annual reconciliation. Administer correspondence and invoicing process related to escalations.

  • Review leases for applicable CAM provisions and document CAM related provisions accordingly
  • Prepare analysis of expenses with detailed descriptions
  • Work with Construction Coordinator to review vendor invoices to determine if expense is subject to CAM
  • Work with Property Manager to review vendor invoices to determine if expense is subject to CAM
  • Calculate individual CAM pools for each tenant based on the specifics of their lease
  • Meet with the VP of Construction and Property Management, the VP of Leasing and Property Management Operations, and/or in-house counsel to resolve vague or unclear lease provisions
  • Calculate true up billings
  • Calculate estimated CAM for following year
  • Prepare CAM invoices for mailing to tenant, including true up, detail of CAM expense pool, and next year's estimate

Budgeting and Forecasting Responsibilities

Prepare cash forecasting statements when required

  • Project short-term and medium-term cash needs and work with VP of Accounting to manage cash flows
  • Interact with banks to resolve discrepancies and problems

Prepare, enter and review all required accounting information into Yardi budget module

Reforecast budgets when requested

Vendor Payment Responsibilities

Review all vendor invoices

Financial Analysis and Reporting Responsibilities

Maintain accuracy and integrity of general ledgers

  • Review all accounts for correctness
  • Prepare journal entries needed to adjust or reclassify account balances

Prepare pro forma valuations for financing of properties when needed

Prepare/compile comprehensive quarterly reporting packages to communicate all financial data related to the property for:

  • Reporting to outside partners
  • Monthly/quarterly reporting to banks

Review loan agreements related to properties and assure compliance with all reporting and reserve requirements

Monitor compliance with loan covenants on an ongoing basis, including Debt Service Coverage Ratios, maturity dates, minimum balance requirements and other potential events of default

Handle special projects and requests

 
qualifications:

Requirements:

Bachelor's degree i n Accounting, Finance or Business Administration

Minimum of five to seven years of experience in Commercial Property Accounting

Experience with Yardi Voyager preferred

Proficiency in spreadsheet and word processing applications (Excel and Word)

Excellent oral and written communication skills

Excellent organizational skills

 
skills: Account Reconciliation

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