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
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.
At Randstad, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact HRsupport@randstadusa.com.
Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. In addition, Randstad offers a comprehensive benefits package, including health, an incentive and recognition program, and 401K contribution (all benefits are based on eligibility).
For certain assignments, Covid-19 vaccination and/or testing may be required by Randstad's client or applicable federal mandate, subject to approved medical or religious accommodations. Carefully review the job posting for details on vaccine/testing requirements or ask your Randstad representative for more information.