Financial Analyst Location: New York, NY Compensation: $115,000–$120,000 Work arrangement: Onsite during the first month, then hybrid with two onsite days per week. Onsite days are flexible. Portfolio: Approximately 10–12 residential properties initially, with the potential to grow to 20–25. About the Role A growing residential property management organization is seeking a Financial Analyst to support the accounting and financial reporting needs of a portfolio of condominium and cooperative properties. The role focuses on budgeting, financial analysis, cash management, and monthly reporting for properties with different ownership structures. The organization’s AP, AR, and reconciliation teams provide support, allowing the Financial Analyst to focus on broader accounting responsibilities, budgeting, and communication with property and ownership stakeholders.
Key Responsibilities
- Prepare annual operating and capital budgets for assigned properties.
- Monitor budgets against actual results, investigate variances, and explain key financial trends.
- Support monthly close activities, including preparing entries, workpapers, and financial reports.
- Prepare and review monthly reporting packages for property owners, including variance analysis and gross potential rent reporting.
- Prepare cash flow reports, monitor cash needs, and coordinate distributions and transfers as needed.
- Support mortgage and debt service reporting.
- Prepare special financial reports requested by ownership or lenders.
- Provide financial information and supporting documentation for annual audits.
- Coordinate with AP, AR, and reconciliation teams on payment, receipt, and accounting matters.
- Respond to property, ownership, and internal requests in a timely and professional manner.
- Manage multiple properties and deadlines while maintaining accurate, organized records.
Qualifications
- Bachelor’s degree in Accounting or a related field.
- 3–5 years of property management accounting or financial analysis experience.
- Experience with condominium or cooperative properties required; candidates with exclusively commercial property experience will not be considered.
- Experience with both cash-basis and accrual-basis accounting.
- Strong budgeting and variance analysis experience.
- Ability to manage a portfolio of properties and handle competing deadlines.
- Strong Excel skills and familiarity with Yardi 7S or similar property accounting software.
- Clear written and verbal communication skills, attention to detail, and ability to work independently.
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