Financial Manager for Commercial Properties

1 month ago


New York, New York, United States Madison Approach Full time
Job Title: Property AccountantJob Summary

We are seeking a highly skilled Property Accountant to join our team at Madison Approach. The successful candidate will be responsible for performing all aspects of financial management for assigned properties, including preparing weekly cash reporting, yearly budgets, and year-end tax return preparation.

Key Responsibilities
  • Perform all aspects of financial management for assigned properties, including cash forecasting, budgeting, and tax preparation.
  • Prepare and coordinate year-end tax return preparation and tax workpapers, including review of tax return prepared by accountants prior to release.
  • Prepare and coordinate year-end income tax basis audits, including workpapers and financial statement review, for applicable entities.
  • Review loan agreements related to properties to ensure compliance with all financial reporting and reserve requirements.
  • Prepare monthly and/or quarterly financial reporting for submission to bank as per loan agreements, for applicable entities.
  • Prepare annual state and local reports, including RPIEs, TC201s, TC309s, etc., for applicable entities.
  • Perform account reconciliation of various accounts, including AR, AP, and equity, on a monthly basis.
  • Maintain yearly fixed asset schedules for building improvements, tenant improvements, etc.
  • Prepare and/or review monthly bank reconciliations to ensure that transactions are properly recorded.
  • Review and sign off on all Accounts Payable invoices related to assigned properties.
  • Review collection issues with Property Manager.
  • Review monthly billing statements, including tenant bill backs, and sign off on variance report.
  • Calculate estimated and actual year-end CAM and real estate tax escalation billings.
  • Review new leases/updates in Yardi and maintain both Excel and Yardi rent roll.
  • Review and confirm all management fee and commission calculations related to assigned properties.
Requirements
  • Bachelor's degree in Accounting or like experience.
  • 5-7 years' of commercial real estate experience.
  • Yardi Voyager or similar platform experience.
  • Payscan experience.
  • Detail-oriented and strong communication skills.


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