Property Accountant at ELH Mgmt. LLC – New York, New York

Property Accountant
The company is recognized as an industry leader in the management of affordable housing in the City of New York. Our team owns, manages and has developed thousands of units in the city.
Key Responsibilities:
• Reviews monthly cash flow statement with account analysis of significant budget variances
• Communicate with management, investors, asset management and PM with respect to same
• Reviews additional statements to be sent to investors/banks including, BS, AR, AP, etc.
• Reviews monthly portfolio report
• Reviews the general ledger accounts codes at least once quarterly, including payroll reconciliation
• Tracks escrow and reserve accounts and conducts periodic analysis to determine appropriateness of escrow amounts
• Works with PMs on requisitions from blocked replacement reserve/operating accounts
• Prepares year-end audit package including work papers, for submission to outside accountants
• Posts outside accountant’s year end journal entries and reconcile beginning year general ledger balances
• Tracks partner capital contributions and distributions for specific properties
• Directly work with asset managers on reports requested by banks/investors
Minimum Education Requirements:
• Bachelor’s degree in accounting
Minimum Years of Experience Required:
• 7+ years of comparable experience
Additional Knowledge, Skills and Abilities:
• Strong knowledge of Excel and general computer skills, required
• Must demonstrate strong organizational skills and ability to work with people
• Knowledge of Yardi, preferred
• Real estate experience, required
Benefits:
Health Insurance/Dental/Vision, Matching 401-k, PTO, FSA, TransitCheck