Property Accountant

Property Accountant Location: Hybrid NYC Salary: $100k-120k

The Opportunity:

Our client is seeking a high-caliber Property Accountant to take full ownership of the month-end close and financial health of a dedicated NYC residential portfolio. This is a "True Accounting" seat designed for a professional with elite analytical skills who can manage the complexities of multi-entity reporting.

You will start by managing 10-12 individual property entities, with the expectation to scale to 20-25 properties once fully onboarded. This role requires a "numbers-first" mindset-someone who doesn't just record entries but deeply analyzes actual-vs-budget variances and maintains precise cash projections for ownership.

Key Responsibilities

Full-Cycle Month-End Close

• Entity Management: Lead the complete month-end closing process for a growing portfolio where each property is its own legal and financial entity.
• General Ledger: Perform all necessary journal entries, accruals, and monthly workpaper preparations with 100% accuracy.
• Reconciliations: Execute monthly bank and security deposit reconciliations, ensuring all tenant and vendor activity is accounted for.

Financial Analysis & Cash Strategy

• Budget vs. Actual: Conduct rigorous analytical reviews of financial performance; you must be able to "tell the story" behind the numbers and explain variances to ownership.
• Cash Flow & Projections: Manage daily cash for each property, ensuring liquidity for operating expenses and preparing forward-looking cash projections.
• Audit Support: Act as the primary point of contact for annual audits, providing all necessary schedules and documentation.

High-Volume Budgeting

• Annual Cycles: Drive the intensive budgeting process (Late Summer through Thanksgiving). You must be a "master juggler" capable of building complex Operating and Capital budgets for 20+ entities simultaneously.
• Strategic Input: Work closely with property managers and ownership to align budget assumptions with historical data and future capital needs.

Qualifications

• Education: B.S. in Accounting is preferred.
• Experience: 3-5 years of Full-Cycle Property Accounting experience, specifically within the NYC residential market, preferably with condo, co-ops or rentals
• Strong understanding of Accrual Accounting and GAAP.
• High proficiency in Excel and Yardi 7s (or similar enterprise real estate software).
• Strong organizational skills with the ability to manage a high volume of deadlines during peak seasons (Budgeting/Year-End).

By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions.