Property Accountant

4 weeks ago


New York City, United States Avinya Infotech Full time

Property Accountant

Responsibilities:

Daily: Resolve Tenant billing inquiries (as needed); Record daily cash transactions in Yardi; Review deposit postings; Ad-hoc projects/analyses required by management.
Weekly: Cash positions – For purpose of AP selection and distributions; Bank reconciliation; Monthly expense forecast; Waterfalls – To monitor rent collections in conjunction with monthly mortgage payment date; Coordinate with Collections to ensure rent collection prior to payment date.
Monthly: Monthly management reports; Reconcile and prepare bank accounts, escrows, tenant security, and general ledger accounts; Post adjusting journal entries for mispostings/accruals/etc.; Prepare financial statements, generating reports such as Income Statement, Balance Sheet, and Trial Balance; Process rent billing; Review leases to account for all eligible chargebacks; Review month-to-month billing comparison reports; Review and approve sundries/late fees/etc.; Sales tax returns; Month-end closings of accounts payable, accounts receivable, and general ledger; Review general ledger and compare with cash report for accuracy; Maintain utility log for each property for timely payment and expense analysis.
Annually: Property budgets; Coordinate with Leasing Dept to review current and projected leases for revenue forecast; Coordinate with Operations Dept to review prior year expenses for expense forecast; Provide external accountants with workpapers and research inquiries in connection with year-end audits.

Requirements:

Bachelor’s Degree (B.A./B.S.) from four-year college or university.
Prior public accounting experience is a plus.
Must have Yardi and real estate industry.
Working knowledge of GAAP and financial reporting.
Experience with CAM/Tax billings helpful.
Proficient in MS Word and Excel.


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