Property Accountant

FirstService Residential is looking for a Financial Analyst/Property Accountant to join our Manhattan-based team! Job responsibilities include, but are not limited to, the following:

• Appropriately adjust the equity accounts for the consolidated entities.
• Overall responsibility for analyzing the general ledger (GL) while maintaining the respective balance sheet accounts for the portfolio.
• Complete all bank reconciliations and monthly work papers as assigned to each property.
• Provide monthly accrual based reports, monthly variance explanations, and monthly analysis of receipt batches and pre-posting reports to investors.
• Full knowledge and examination on the cash flow analysis for each entity.
• Manage the full cycle adjustment and reconciliations of the tenant ledgers on a daily basis.
• Manage and prepare monthly bank reconciliations for the assigned portfolio of buildings while also posting the interest on the buildings’ reserve accounts.
• Responsible for input of all general ledger journal entries such as bank transfer, interest income, expense reclassifications, reserve contributions, etc.
• Prepare and present monthly financial statements and make any necessary financial adjustments that is deemed necessary while also preparing the monthly financial packages, including a table of contents and any other special reports as requested.
• Review the actual to budget performance variances and record the cash transfers that need to occur between entities.
• Create and maintain the necessary reclassification of journal entries.
• Ensure that the real estate taxes on each building are paid accordingly in the appropriate period and that enough funds are escrowed in order to make the necessary transfers.
• Oversight of all annual budgets including; preparation of the budget packages, preparation and completion of the budgets no later than the assigned deadline, and presentation of the budgets at the annual finance and investor meetings for each building.
• Work on year-end close on each of the buildings’ financial accounts and include the annual reports in the year-end financials.
• Produce the year-end security deposit schedule based upon the request from the auditor as needed while also overseeing the annual audit process for the entire portfolio including accommodating the auditor’s needs and requests in a timely manner.

Knowledge, Skills & Proficiencies:

• Bachelor’s degree in Accounting or Finance from a four-year college or university, CPA certification, MBA or related work experience is preferred.
• Three (3) plus years of experience as an Accountant in the property management industry or real estate fields, residential management is preferred.
• Knowledge of assets, cash balance, and availability of funds for projects and cash flow management for capital improvements.
• Excellent organization, motivation, leadership, management and interpersonal skills.
• Critical thinking, complex problem solving, judgement and decision making ability.
• Strong verbal, presentation, and written communication skills. Ability to communicate and provide guidance to all employee and client levels.
• Must have strong proficiency in Windows and Microsoft Office, including but not limited to Word, Excel, PowerPoint and Outlook. Proficiency researching the Internet. Previous experience with financial and accounting programs and Yardi is a plus.
• Must be able to keep up in a fast-paced, ever-changing environment while maintaining a cool, calm, and collected attitude.
• Ability to work well in a team environment as well as independently. Must be self-driven with the ability to identify, plan and prioritize projects and assignments and be able to hit important deadlines.