2 Property Accountant Jobs in Jericho, NY
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Krown Point Capital, LLC is Hiring a Remote Property Accountant
Company Summary
Krown Point Capital is a fast-growing New York and Connecticut based development firm with a primary focus on ground-up single family, multifamily and commercial projects. We take a roll up your sleeves approach to development with a focus on understanding each project’s cost basis, capital requirements and construction needs to take an asset from design through stabilization. Our principals have been involved in the acquisition, development and disposition of over $1B of real estate across the office, residential, industrial, and retail sectors. We focus on transformative projects that leverage our experience in design, construction, and management of residential & commercial developments.
Job Summary
We are currently seeking a property accountant who will be responsible for various accounting and reporting functions for commercial properties and development projects. The property accountant is responsible for providing financial support for the portfolio while maintaining accounting standards. This includes but is not limited to preparing the monthly close cycle, preparing financial statements and reporting packages, funding draws, completing regular workpapers, and budget variance analysis. This role also includes maintaining full-cycle job cost accounting for assigned construction projects including project start up and close out, contract administration, and subcontractor / vendor relations.
Job Type: Full-Time, Largely Remote with 3 - 4 days per month in-person attendance at the office
Property Accounting Responsibilities
- Prepare and reconcile monthly, quarterly and year-end financial statements & reporting packages with excellent attention to detail
- Manage all accrual and cash basis accounting functions
- Review and approve all payables. Prepare wires, ACHs and internal bank transfers for external 3rd party vendors, related parties and intercompany entities
- Prepare tenant ledgers, reconcile CAM billings and pro-rated property tax reimbursements
- Prepare monthly general ledgers, journal entries and trial balances
- Review bank loan balances, operating reserves, escrows and security deposits
- Prepare monthly budget to actual variance reports and provide variance explanations
- Perform bank reconciliations, related entries, and report monthly cash balances
- Reconcile and prepare balance sheet, maintain fixed asset ledger and tenant amortizations
- Monitor daily cash position of multiple bank accounts
Development / Construction Accounting Responsibilities
- Enter in complete contract and subcontractor information for construction jobs
- Collect, cost code, obtain approval, and input all invoices into Yardi / AIA software
- Data entry, review, and payment of subcontractor requisitions and other development invoices
- Code invoices for vendor ID, job number, and match invoices to each contract or subcontract and attach related supporting documentation
- Prepare pay applications and monthly funding requisitions for lenders and equity investors
- Interact with Project Managers and vendors to answer questions and resolve any discrepancies
- Review insurance certificates to ensure subcontractor compliance
- Process weekly check runs
- Draft and track all lien waivers for vendors and subcontractors to accompany pay applications
- Post entries as well as perform various ad hoc projects
Salary & Benefits
- $65,000 base salary plus discretionary bonus (target of $3,000 - $5,000)
- Benefits include Health Insurance, 401k, Paid Time Off
Qualifications
- Minimum 2-5 yeas of prior accounting experience
- Yardi experience highly preferred. Real estate industry experience a plus
- Working knowledge of GAAP and financial reporting
- Experience with CAM and Tax billings for commercial properties
- Proficient in MS Word and Excel
- Meticulous attention to details and accuracy
- Excellent organizational skills
- Excellent verbal and written communication skills
Job Type: Full-time
Pay: $65,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Experience:
- accounting: 2 years (Required)
Work Location: Hybrid remote in Jericho, NY 11753
Job Summary
Full Time
$59k-72k (estimate)
01/21/2023
02/19/2023
The job skills required for Property Accountant include Accounting, General Ledger, Financial Statements, Balance Sheet, Financial Reporting, Billing, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Property Accountant job description and responsibilities
Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.
04/12/2022: San Antonio, TX
Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.
03/10/2022: Springfield, MA
A property accountant for a hotel chain might also produce profit and loss reports during the same periods.
02/24/2022: Longview, TX
Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.
01/25/2022: Tulsa, OK
Property accountants are responsible for the daily accounting operations on public properties.
03/27/2022: Bakersfield, CA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Property Accountant jobs
Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.
03/18/2022: Providence, RI
Some property accountants oversee the finances of maintenance and repair expenditures.
03/17/2022: Raleigh, NC
Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.
03/13/2022: Somerset, NJ
Property accountants complete general ledger entries and manage cash balances.
02/26/2022: Springfield, IL
Property accountants assist with the preparation of documents for annual audits and tax filing processes.
01/23/2022: Portsmouth, OH
Step 3: View the best colleges and universities for Property Accountant.
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