Property Accountant POST NUMBER: 451468
Property Accountant
Location: New York City, NY (Hybrid: 5 days onsite for the first month, then 2 days onsite, flexible days)
About the Role: Our client, a leading firm in property management, is seeking a highly skilled and analytical Property Accountant to join their dynamic finance team. This is a true Property Accountant role, focusing on comprehensive financial management for a portfolio of residential properties (co-ops, condos, and rentals). You will play a critical role in ensuring financial accuracy, compliance, and strategic cash management for each property entity.
Key Responsibilities:
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Month-End Close & Reporting: Perform all necessary month-end closing entries and procedures for a portfolio of 10-12 residential properties (growing to 20-25). Prepare monthly workpapers, financial reports, and packages for ownership, including detailed variance analysis and General Property Report (GPR) reporting.
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Cash Management: Ensure adequate cash balances for expenses, prepare cash flow reports, reconcile bank accounts monthly, manage approved payables, instruct fund wires, and prepare monthly debt service reporting. Review non-tenant receipts and coordinate with Accounts Receivable.
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Budget & Financial Analysis: Lead the annual preparation of operating and capital budgets based on lender/ownership requirements. Conduct strong accounting analysis, including actual vs. budget comparisons and cash projections.
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Compliance & Audit Support: Ensure all reporting is prepared on an accrual basis of accounting, demonstrating a strong understanding of accrual principles. Provide comprehensive financial data and support for the annual audit process.
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Stakeholder Collaboration: Respond to emails, phone calls, and requests in a timely and professional manner. Collaborate with internal teams (AP, AR, Security Deposit team) and external vendors to ensure smooth financial operations and compliance with contracts and insurance requirements.
Qualifications:
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Bachelor's degree in Accounting is required.
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3-5 years of progressive experience in Property Management accounting, with a strong preference for residential properties (co-ops, condos, rentals).
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Alternatively, candidates with a Big 4 background who have audited co-ops and condos are encouraged to apply.
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Proficiency in Yardi 7s or similar property accounting software is essential.
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Advanced Excel skills, including strong analytical capabilities to interpret financial data and perform cash projections.
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Exceptional communication (written and verbal) and interpersonal skills, with the ability to build strong relationships with ownership and internal teams.
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Highly detail-oriented, organized, and capable of managing multiple priorities and meeting tight deadlines in a fast-paced environment.
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Ability to work independently and proactively identify and resolve financial discrepancies.
Team Structure & Environment:
You will report directly to the SVP of Financial Analysis and be an integral part of a finance team that includes 4 directors, 8 Financial Analysts in NY, and 20 offshore resources in India. This role requires providing guidance and support to the offshore team. The team fosters an environment of teamwork, cooperation, performance excellence, and personal success.
Compensation:
The salary range for this position is $110,000 - $125,000 annually.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
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Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
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Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.