Sr Property Accountant POST NUMBER: 458184
Location: New York, NY
Salary: $150,000-175,000
Thriving Real Estate Investment Firm seeks a dedicated Manager, Property Accounting to take ownership of and manage the financial reporting and integrity for a high-value portfolio of multi-family residential buildings with complex ownership structures. This role requires an expert in multi-family accounting who can transition seamlessly between hands-on tasks and high-level strategic oversight.
Key Areas of Responsibility:
Financial Management & Reporting
- Oversee the full-cycle accounting process for the multi-family portfolio, ensuring all ledgers, transactions, and ownership structures are accurately reflected.
- Lead the monthly and quarterly close process, including review of complex journal entries, intercompany eliminations, and accruals specific to residential operations.
- Prepare and present comprehensive, GAAP-compliant monthly financial statements, including detailed ownership reporting packages and required lender covenants.
- Direct the annual preparation of operating and capital expenditure budgets for all multi-family assets.
- Partner directly with Property Management and Asset Management teams to align financial forecasts with operational strategy and investment goals.
- Develop and maintain multi-year financial models and rolling forecasts to anticipate future performance.
- Serve as the primary point of contact for all financial matters related to the multi-family assets, communicating complex issues clearly to non-financial stakeholders, including ownership and lenders.
- Manage and coordinate the timely provision of documentation and schedules for external auditors and tax preparers.
- Drive the continuous improvement and standardization of property accounting policies, procedures, and internal controls across the portfolio.
- CPA or advanced certification preferred.
- 5 years of progressive property accounting experience, ideally with a focus on multi-family or residential real estate.
- Proven experience in a senior or supervisory capacity managing a complex portfolio is essential.
- Deep understanding of accrual-based multi-family accounting and financial reporting standards.
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.