Senior Property Accountant
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DescriptionKforce has a client that is seeking to hire a Senior Property Accountant in New York City, New York (NY). Responsibilities Include:
- The Senior Property Accountant will provide accounting support for non-recurring transactions related to assigned properties
- Review and analyze general ledgers for assigned property's, process journal entries, calculate monthly accruals, and update supporting balance sheet account schedules
- Review and approve A/P voucher, payroll data entries, A/R adjustments, daily cash receipts journal, rent rolls, etc.
- Prepare monthly and quarterly reporting packages
- As a Senior Property Accountant, you will review and prepare necessary workpaper reconciliations to balance sheet and income statement in a timely manner
- Prepare income statement variance analysis and balance sheet analysis
- Prepare year end expense reconciliations and tenant billings
- Prepare accounting assessments of tenant leases
- Monitor daily cash activity, bank reconciliations, and intercompany reconciliations
- The Senior Property Accountant will be coordinating debt service payments, including lender reserves, and supporting compliance reporting
- Bachelor's degree in Accounting
- CPA certification preferred
- 3+ years of public accounting and/or commercial real estate accounting experience
- Experience in Yardi and a proficiency in Microsoft Excel
- Knowledge of US GAAP (specifically, real estate)
- Understanding of property management in relation to financial accounting, recoveries, budgeting, and forecasting
- Well-organized, self-starter, and able to handle multiple priorities
The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
This job is not eligible for bonuses, incentives or commissions.
Freqently Asked Questions
A Property Accountant in New York plays a crucial role by ensuring accurate financial reporting and budget adherence, which directly impacts the profitability and compliance of real estate assets in a competitive market like NYC. Their expertise supports strategic decision-making for property managers and investors alike.
The demand for Senior Property Accountants in NYC is strong due to the dense concentration of commercial and residential properties. However, competition is fierce as many candidates possess advanced accounting certifications and real estate experience, which employers like Kforce highly value.
A seasoned Property Accountant excels in managing complex lease accounting, preparing detailed variance analyses, and reconciling tenant billing with precision. Mastery of real estate-specific software like Yardi or MRI is often essential, distinguishing them from general accounting professionals.
Pursuing certifications such as CPA or Certified Property Manager (CPM) significantly boosts advancement opportunities. Additionally, honing skills in financial modeling, GAAP compliance for real estate, and proficiency with property management software enhances a Property Accountant's career trajectory.
Daily tasks include tracking rent rolls, preparing monthly financial statements, overseeing vendor payments, and collaborating with property managers to ensure budgets align with operational goals. Timely reporting and variance analysis are critical for maintaining financial health in NYC's fast-paced environment.
Kforce is known for fostering professional growth with tailored training programs and flexible work arrangements. Their focus on employee engagement and collaborative culture often sets them apart, providing Senior Property Accountants with opportunities to expand industry expertise within a supportive environment.
At Kforce, Senior Property Accountants contribute by delivering accurate financial insights that inform investment decisions. Their detailed analyses of property expenses and revenue streams enable investors to optimize portfolio performance and manage risk effectively.
Salaries for Senior Property Accountants in NYC typically range from $85,000 to $110,000 annually, reflecting the city's high cost of living and specialized skill requirements. Candidates with extensive experience or advanced certifications may command compensation at the upper end of this spectrum.
Property Accountants in NYC must navigate complex local rent regulations, tax codes, and reporting standards unique to New York real estate. Staying current with city-specific compliance mandates ensures accurate financial reporting and minimizes legal risk.
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