Residential Property Accountant

Job Description

Job DescriptionJob Title: Residential Property Accountant
Department: Accounting
Reports To: Head of Accounting / Property Controller
Location: New York City
Employment Type: Full-Time

Salary: $120k - $130k plus bonus

4 days in office

Position Summary:

A high end real-estate company is seeking a detail-oriented and experienced Residential Property Accountant to join our accounting team. This role is responsible for managing the financial reporting and accounting functions for a portfolio of residential properties, ensuring compliance with accounting standards and internal policies.

Key Responsibilities:

• Prepare monthly journal entries and schedules for accruals, prepaid items, and GAAP adjustments.

• Perform bank reconciliations and maintain fixed asset schedules, including depreciation tracking.

• Process operating and real estate tax escalation adjustments, as well as percentage rent calculations.

• Manage billing and applications related to subsidized rents.

• Input journal entries into the general ledger system (Yardi).

• Maintain reconciliations of balance sheet accounts and perform monthly variance analyses.

• Conduct monthly utility cost analysis and reconcile various accounts receivable balances.

• Assist with the preparation of monthly financial reports and support annual audits.

• Contribute to budget preparation and review of new lease abstracts.

• Ensure compliance with partnership and loan agreements.

• Communicate with external stakeholders such as joint venture partners and lenders as needed.

• Participate in special projects and process improvement initiatives.

Required Skills & Qualifications:

• Proficiency in Microsoft Excel and accounting software (Yardi experience preferred).

• Strong analytical and organizational skills.

• Excellent written and verbal communication abilities.

• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

• Self-motivated, dependable, and detail-oriented.

Experience & Education:

• 3–5 years of relevant experience in residential or retail real estate accounting.

• Bachelor’s degree in Accounting, Finance, or a related field, or equivalent industry experience.

Pay Details: $120,000.00 to $130,000.00 per year

Search managed by: Ken Casaccio

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

• The California Fair Chance Act
• Los Angeles City Fair Chance Ordinance
• Los Angeles County Fair Chance Ordinance for Employers
• San Francisco Fair Chance Ordinance

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