A privately held New York City real estate investment and management company is looking to add a Property Accountant to its accounting team. This is a fully onsite role based in Manhattan, supporting a portfolio of commercial and multifamily assets. The Property Accountant will be responsible for day-to-day accounting, month-end close, and financial reporting for multiple real estate entities. The ideal candidate has a strong background in property accounting, is comfortable working in a fast-paced environment, and has hands-on experience with Yardi.
Compensation & Schedule: - Salary: $90,000-$100,000 base
- Location: New York City (onsite, 5 days per week)
- Schedule: Full-time, standard business hours
Responsibilities: Property Accounting & Month-End Close - Manage full-cycle accounting for a portfolio of commercial and multifamily properties.
- Prepare monthly financial statements and supporting schedules.
- Post journal entries, accruals, and adjustments; reconcile general ledger and bank accounts.
- Maintain accurate records for operating, reserve, and security deposit accounts.
- Track capital expenditures and construction-related accounting activity.
Lease & Tenant Accounting - Review lease information and ensure accurate rent rolls and tenant billing.
- Record rental income, escalations, percentage rent, and lease-related adjustments.
- Manage accounts receivable, delinquency tracking, and tenant ledgers.
- Prepare and reconcile CAM/operating expense recoveries.
Reporting & Analysis - Assist with annual budgeting and monthly variance analysis.
- Prepare reporting packages for ownership, asset management, and lenders.
- Support cash flow forecasting and ad hoc financial analysis.
Compliance & Audit Support - Ensure accounting practices comply with GAAP and internal policies.
- Assist with year-end audits and coordinate with external auditors.
- Support lender reporting and covenant compliance requirements.
Required Qualifications: - 5+ years of property accounting experience required, with direct exposure to commercial and/or multifamily real estate.
- Bachelor's degree in Accounting, Finance, or a related field preferred.
- Strong understanding of accrual accounting and property-level financial reporting.
- Proficiency in Yardi is required.
- Advanced Excel skills and experience managing multiple entities or properties.
- Knowledge of lease structures (NNN, gross, modified gross) and CAM reconciliations strongly preferred.
If you meet the required qualifications and are interested in this role, please apply today.
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