Senior Accountant, Properties
2 weeks ago
Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 27 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With nearly $12 billion in assets under management, Lightstone's portfolio currently includes over 15 million square feet of industrial, logistics, life sciences, and commercial properties, over 25,000 residential units, and over 5,100 hotel keys.
For more information, please visit www.lightstonegroup.com.
POSITION OVERVIEW:
Lightstone currently owns and/or manages a large portfolio of properties across multiple asset classes. In the Senior Accountant - Properties position, you will responsible for accounting functions primarily related to Lightstone's Hospitality portfolio; including assisting in the preparation, review and maintenance of the general ledger and related financial statements. Prior accounting experience with Hospitality properties a strong plus, attention to detail and excellent communication skills are amongst the required qualifications.
This position is full time and exempt. The Senior Accountant - Properties will be based at the Company's Lakewood, New Jersey office. This position reports to the Director, Accounting.
ESSENTIAL FUNCTIONS:
The Senior Accountant- Properties will primarily be assigned a portfolio of Hospitality real estate properties and is responsible for the following functions:
- Assist with the preparation of financial statements.
- Analyze and reconcile bank statements and general ledgers.
- Post journal entries for accrued expenses and revenue.
- Maintain and record fixed assets and related depreciation/amortization.
- Analyze revenue and expenses to ensure that they are recorded appropriately on a monthly basis.
- Assist with monthly and quarterly close activities and reconcile any intercompany receivables and payables.
- Assist with preparing and analyzing financial statements on a monthly basis and research and report on significant and/or unusual variances and trends.
- Prepare internal financial statements and supporting schedules according to monthly close schedule.
- Assist with budget and forecast preparation.
- Coordination of annual audit and tax document preparation.
- Prepare lender and joint venture partner reporting packages and calculate and monitor financial debt covenants and joint venture partners' equity contributions and distributions.
- Other duties and responsibilities, including special projects as assigned.
QUALIFICATIONS:
- Minimum 4 years relevant property accounting experience.
- Bachelor degree or equivalent in accounting, finance, business or similar field..
- Public accounting experience and/or CPA designation is preferred.
- Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.
- Experience with MRI, Yardi and/or other real estate accounting software systems.
- Ability to work independently and as a member of a team.
Lightstone offers our employees a comprehensive and competitive benefits program inclusive of:
- Paid time off for vacation and sick leave
- Health, dental, and vision insurance, and wellness programs
- 401(k) and Roth retirement plans
- Flexible spending accounts (medical & dependent care)
- Life and AD&D insurance with options for supplemental employee, spouse, and child
- Long-term and short-term disability insurance
- Commuter spending accounts (transit and parking)
- Tuition assistance and employee assistance program
- Corporate discount programs
- On-site mother's room
- Office perks such as lunch, fruit, drinks, and snacks
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