Real Estate Accountant

New York, NY

Primary Responsibilities 

 

 

  • Responsible for management and review of financial reporting of 3rd party property managers for multi-family, office, retail and industrial buildings.
  • Review budget to actual performance providing variance explanations; responsible for annual budget and reforecast review.
  • Responsible for analysis of asset performance as compared to underwriting and communicating variances and positive/negative changes to management.
  • Responsible for overseeing capital expenditures and requesting and processing capital calls in accordance with underwriting and the budget.
  • Prepare quarterly and annual investor reporting; highlighting results, returns, leasing, and strategy.
  • Responsible for review of loan documents and covenants and providing lenders with required reporting documents as well as coordinating draw requests and earnouts.
  • Assist in financial analysis for acquisition/disposition; abstract leases, review Argus models, review of closing statements and proration. Coordinate with buyer/seller on any questions/findings as well as prepare closing statement and prorations.
  • Responsible for tracking leasing updates and approval of broker commissions and maintaining accurate rent rolls.
  • Responsible for calculating quarterly dividends calculations and providing variance explanations for returns that vary from underwriting.
  • Review annual CAM reconciliations ensuring they are calculated in accordance with the lease language and maximize recovery.
  • Prepare and maintain property IRR calculations quarterly as well as provide analysis of calculations considering various refinance and sale scenarios.
  • Responsible for all cash management of assets.

 

 

 

Qualifications

 

 

  • Big 4 accounting, 3-4+ years RE Group
  • Property Analyst, Portfolio Management at Asset Manager focused on RE or with RE group.

 

 

 

Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

 

 

Date Posted 6/15/2018
Salary $80,000- $110,000 + Bonus






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