Senior Property Accountant
: Job Details :

Simone Development Companies provided pay range

This range is provided by Simone Development Companies. 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

Direct message the job poster from Simone Development Companies

VP HR @ Simone Development | SHRM-CP, Employee Relations Expert

Simone Development is a full-service, privately held commercial and residential real estate investment and development company with a distinguished resume and reputation established over five decades. As a full service developer, we have the ability to rapidly move any project from site selection, acquisition, financing, construction, leasing, property management and maintenance. The core principles that define the Simone organization are the stability, creativity and professional expertise of our management team; an aggressive long-term business plan; a commitment to excellence and tenant service; our close relationships with strategic partners, tenants, lenders, municipalities, and real estate professionals; a consistent ability to add value; and most importantly, our unwavering pursuit of visionary development.

For more than 25 years, Simone Healthcare Development has been designing, building, financing and managing successful medical office and healthcare facilities for some of the New York Metropolitan Area's largest and most prestigious hospitals and medical practices. Simone specializes in creating custom-designed leading edge healthcare facilities including Ambulatory Surgical Centers, Cancer Treatment Centers, Radiology Centers, Urgent care Centers and Medical Specialty Offices

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.

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.

Seniority level

• Seniority levelMid-Senior level

Employment type

• Employment typeFull-time

Job function

• Job functionAccounting/Auditing, Administrative, and Management

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Disability insurance

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