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Real Estate Accountant

  • Location:

    New York, United States of America

  • Sector:

    Real Estate & Development

  • Job type:

    Full Time

  • Salary:

    US$90000.00 - US$100000.00 per annum

  • Contact:

    Cobalt Recruitment

  • Contact email:

    applications@cobaltrecruitment.com

  • Job ref:

    JN -112022-78470_1667857949

  • Published:

    11-07-2022

  • Expiry date:

    01-06-2023

Real estate Accountant

Our client a growing real estate developer here in New York City is looking for a real estate accountant to join their team. The focus of this role will be on core accounting, and policy creation.

Responsibilities include:

  • Complete month-end close procedures
  • Accurately reconcile balance sheet accounts
  • Prepare and distribute monthly financial reports
  • Complete monthly bank reconciliations across 10-15 accounts
  • Review AP entries to ensure proper coding to GL
  • Review lease agreements and amendments to ensure proper billing and posting of AR entries including monitoring of cash receipts, tenant reimbursable and billing adjustments.
  • Track management fees and development fees for budgeting, re-forecasting, and cash flows
  • Prepare data for annual filings including RPIE
  • Tax package preparation including year-end reconciliations and schedules including: amortization schedules by tenant, depreciation schedules including cost segregation's, as well as prepaid and accrued expenses
  • Assist with annual budget preparation
  • Preparation of debt compliance reporting requirements
  • Monthly sales tax filings
  • Maintaining portfolio valuation models and tracking of equity investments and distributions by property
  • Assist in compiling data needed for cash flow projections quarterly (12 month look ahead)

Qualifications:

  • Bachelor's Degree in Accounting
  • Real Estate Industry Experience
  • 5+ years related experience required
  • Experience with Sage 300 and advanced Excel skills

Fair market assumption for this role is $90,000-$100,000

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