Simone Development Companies
Pay Range
Simone Development Companies provided pay range. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range: $120,000.00/yr - $130,000.00/yr
Position Summary The Senior Property Accountant perform/manage all aspects of accounting and financial management for assigned properties.
Job Responsibilities Tax Related Responsibilities
Review all tax returns prepared by outside CPA firm, including reconciling tax returns to our books and records
Record journal entries provided by outside CPA firm for tax items
Review tax returns for any overlooked tax issues
Prepare annual tax-based financial statements and full work papers
Verify and analyze all general ledger accounts
Review and document all fixed asset additions, retirements and depreciation
Reconcile and prove mortgage balances and related escrow accounts and interest expense, etc., to year-end bank statements
Perform an analytic review of all revenue and expense accounts
Prepare schedules for lease commissions, mortgage costs additions, write-offs and amortization
Record K-1 activity for pass through entities
Produce other work papers and analyses as required for each individual property
Prepare filings for payment of all taxes related to properties
Property taxes, LLC fees, Biennial fees
Review the Commercial Billing Report and approve monthly rent charges
Calculate and bill all monthly property and construction management fees
Manage security deposits
Reconcile amount of deposit between Yardi and lease documents
Monitor individual bank accounts for security deposits
Calculate charges related to tenant move outs
Final CAM charges prior to tenant move out and release of security deposit
Final taxes and insurance, etc., due from tenant before move out
Review and approve tenant adjustments and other write offs
Calculate estimated and actual escalation billings, CAM, Insurance and RE Taxes – including the annual reconciliation. Administer correspondence and invoicing process related to escalations.
Review leases for applicable CAM provisions and document CAM related provisions accordingly
Prepare analysis of expenses with detailed descriptions
Work with Construction Coordinator to review vendor invoices to determine if expense is subject to CAM
Prepare CAM invoices for mailing to tenant, including true up, detail of CAM expense pool, and next year’s estimate
Work with Property Manager to review vendor invoices to determine if expense is subject to CAM
Work with Property Manager to review vendor invoices to determine if expense is subject to CAM
Calculate individual CAM pools for each tenant based on the specifics of their lease
Meet with the VP of Construction and Property Management, the VP of Leasing and Property Management Operations, and/or in-house counsel to resolve vague or unclear lease provisions
Calculate true up billings
Calculate estimated CAM for following year
Prepare CAM invoices for mailing to tenant, including true up, detail of CAM expense pool, and next year’s estimate
Budgeting and Forecasting Responsibilities
Prepare cash forecasting statements when required
Project short-term and medium-term cash needs and work with VP of Accounting to manage cash flows
Interact with banks to resolve discrepancies and problems
Prepare, enter and review all required accounting information into Yardi budget module
Reforecast budgets when requested
Review all vendor invoices for the following:
Accuracy
Approvals
Description
Chargeability to tenant
Financial Analysis and Reporting Responsibilities
Maintain accuracy and integrity of general ledgers
Review all accounts for correctness
Prepare journal entries needed to adjust or reclassify account balances
Prepare pro forma valuations for financing of properties when needed
Prepare/compile comprehensive quarterly reporting packages to communicate all financial data related to the property for:
Reporting to outside partners
Monthly/quarterly reporting to banks
Review loan agreements related to properties and assure compliance with all reporting and reserve requirements
Monitor compliance with loan covenants on an ongoing basis, including Debt Service Coverage Ratios, maturity dates, minimum balance requirements and other potential events of default
Prepare yearly filings for NYC TC’s, NYC RPIE’s and Annual Income and Expense filings for various municipalities
Handle special projects and requests
Other tasks/assignments/research as needed.
Construction Related Responsibilities
Oversee activities and provide support to the Construction Accountant
Additional Comments on Knowledge, Education, and Experience
Bachelor’s degree in Accounting, Finance or Business Administration
Minimum of 5-7 years of experience in Commercial Property Accounting (Required)
Experience with Yardi Voyager preferred
Basic proficiency in spreadsheet and word processing applications (Excel and Word)
Excellent oral and written communication skills
Excellent organizational skills
Be able to multitask and handle multiple projects
Ability to perform routine office tasks that includes operating a computer for long periods of time, sitting, filing and communicating on the phone
Must be able to lift, carry, push, pull a maximum of 30 lbs.
Seniority level Mid-Senior level
Employment type Full-time
Job function Accounting/Auditing, Administrative, and Management
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
It is the policy of Simone Development (SIMDEV) to provide equal employment opportunities to all qualified individuals without regard to race, color, creed, religion, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity or expression (including transgender status), age, marital status, familial status, citizenship status, disability or genetic information or handicap or status as a Vietnam-era or special disabled veteran in accordance with all applicable federal, state and local laws.
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Base pay range: $120,000.00/yr - $130,000.00/yr
Position Summary The Senior Property Accountant perform/manage all aspects of accounting and financial management for assigned properties.
Job Responsibilities Tax Related Responsibilities
Review all tax returns prepared by outside CPA firm, including reconciling tax returns to our books and records
Record journal entries provided by outside CPA firm for tax items
Review tax returns for any overlooked tax issues
Prepare annual tax-based financial statements and full work papers
Verify and analyze all general ledger accounts
Review and document all fixed asset additions, retirements and depreciation
Reconcile and prove mortgage balances and related escrow accounts and interest expense, etc., to year-end bank statements
Perform an analytic review of all revenue and expense accounts
Prepare schedules for lease commissions, mortgage costs additions, write-offs and amortization
Record K-1 activity for pass through entities
Produce other work papers and analyses as required for each individual property
Prepare filings for payment of all taxes related to properties
Property taxes, LLC fees, Biennial fees
Review the Commercial Billing Report and approve monthly rent charges
Calculate and bill all monthly property and construction management fees
Manage security deposits
Reconcile amount of deposit between Yardi and lease documents
Monitor individual bank accounts for security deposits
Calculate charges related to tenant move outs
Final CAM charges prior to tenant move out and release of security deposit
Final taxes and insurance, etc., due from tenant before move out
Review and approve tenant adjustments and other write offs
Calculate estimated and actual escalation billings, CAM, Insurance and RE Taxes – including the annual reconciliation. Administer correspondence and invoicing process related to escalations.
Review leases for applicable CAM provisions and document CAM related provisions accordingly
Prepare analysis of expenses with detailed descriptions
Work with Construction Coordinator to review vendor invoices to determine if expense is subject to CAM
Prepare CAM invoices for mailing to tenant, including true up, detail of CAM expense pool, and next year’s estimate
Work with Property Manager to review vendor invoices to determine if expense is subject to CAM
Work with Property Manager to review vendor invoices to determine if expense is subject to CAM
Calculate individual CAM pools for each tenant based on the specifics of their lease
Meet with the VP of Construction and Property Management, the VP of Leasing and Property Management Operations, and/or in-house counsel to resolve vague or unclear lease provisions
Calculate true up billings
Calculate estimated CAM for following year
Prepare CAM invoices for mailing to tenant, including true up, detail of CAM expense pool, and next year’s estimate
Budgeting and Forecasting Responsibilities
Prepare cash forecasting statements when required
Project short-term and medium-term cash needs and work with VP of Accounting to manage cash flows
Interact with banks to resolve discrepancies and problems
Prepare, enter and review all required accounting information into Yardi budget module
Reforecast budgets when requested
Review all vendor invoices for the following:
Accuracy
Approvals
Description
Chargeability to tenant
Financial Analysis and Reporting Responsibilities
Maintain accuracy and integrity of general ledgers
Review all accounts for correctness
Prepare journal entries needed to adjust or reclassify account balances
Prepare pro forma valuations for financing of properties when needed
Prepare/compile comprehensive quarterly reporting packages to communicate all financial data related to the property for:
Reporting to outside partners
Monthly/quarterly reporting to banks
Review loan agreements related to properties and assure compliance with all reporting and reserve requirements
Monitor compliance with loan covenants on an ongoing basis, including Debt Service Coverage Ratios, maturity dates, minimum balance requirements and other potential events of default
Prepare yearly filings for NYC TC’s, NYC RPIE’s and Annual Income and Expense filings for various municipalities
Handle special projects and requests
Other tasks/assignments/research as needed.
Construction Related Responsibilities
Oversee activities and provide support to the Construction Accountant
Additional Comments on Knowledge, Education, and Experience
Bachelor’s degree in Accounting, Finance or Business Administration
Minimum of 5-7 years of experience in Commercial Property Accounting (Required)
Experience with Yardi Voyager preferred
Basic proficiency in spreadsheet and word processing applications (Excel and Word)
Excellent oral and written communication skills
Excellent organizational skills
Be able to multitask and handle multiple projects
Ability to perform routine office tasks that includes operating a computer for long periods of time, sitting, filing and communicating on the phone
Must be able to lift, carry, push, pull a maximum of 30 lbs.
Seniority level Mid-Senior level
Employment type Full-time
Job function Accounting/Auditing, Administrative, and Management
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
It is the policy of Simone Development (SIMDEV) to provide equal employment opportunities to all qualified individuals without regard to race, color, creed, religion, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity or expression (including transgender status), age, marital status, familial status, citizenship status, disability or genetic information or handicap or status as a Vietnam-era or special disabled veteran in accordance with all applicable federal, state and local laws.
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