Property Management Accountant

Full-time | New York City

The Property Management Accountant is responsible for preparing monthly and annual financial statements for an assigned portfolio of condo/co-op communities. This role works closely with the property manager and resident board members to achieve the community’s financial goals.

Responsibilities include, but not limited to:

  • Manage financial statements, building accounts, finances and operations while ensuring accurate recording of transactions.

  • Maintain general ledger and perform journal entries (cash and accrual).

  • Review bank reconciliations and resolve discrepancies.

  • Accounts payable and Invoice processing.

  • Provide financial reports and analysis to management on a monthly basis.

  • Ensure compliance with accounting standards and regulations.

  • Assist with audits and tax compliance.

  • Responsible for overseeing 3rd party portfolio.

  • Oversee all banking relationships.

  • Oversee credit card program including V-card.

  • Supporting property managers with financial problem-solving.

  • Budget preparation and presentation.

  • Reviewing new account financial files that have been transferred to Argo to ensure we have copies of all documents and ensure all funds are transferred appropriately

Processing:

  • Booking entries to the designated building portfolio.

  • Process Journal entries for monthly statements.

  • Process and book wire transfers through bank online portals.

  • Process quarterly or semi-annual real estate tax payments.

  • Oversee and approve bank reconciliation for appointed portfolio.

  • Monthly review of increase decrease report to identity discrepancies.

  • Submit tickets for AR/AP entries and adjustments.

  • Enter YTD activity for new buildings in portfolio.

Oversight of Building Finances:

  • Monitoring each building’s cash balances to prevent overdrafts.

  • Cash Management of building reserve funds.

  • Conduct monthly full-scale review of management statements, including unpaid invoices, arrears, cash flow report and statement of loans and reserves.

  • Conduct a monthly budget review for each assigned property.

  • Conduct semi-annual cash flow actual to budget variance analysis.

  • Maintaining accurate G/L balances for the designated portfolio.

  • Maintain real estate tax schedule with assessed values.

 Other:

  • Interface with clients and answer their questions

  • Real estate tax calculation for escalation billing on commercial tenants

  • Complete special projects/requests

  • Process annual Form 1098’s and 1099’s

  • Additional duties may be assigned

Qualifications:

  • Must have bachelor’s degree in finance or accounting

  • At least 5 years of Financial Analyst or Property Accountant experience within the real estate/or property management industry

  • Experience in dealing with the monthly financial statements of condos/coops specifically

  • Must have strong proficiency in Microsoft

Please email your resume HERE.