Staff Accountant at Longacre Asset Management LLC – New York, New York

We are a NYC-based real estate investor and operator. Headquartered in New York with a national platform. Longacre is a 50+ person, vertically integrated operating and development company with expertise in a wide array of value creation activities, including multifamily, extended stay, adaptive reuse development, uncovering value in underperforming properties and repurposing well-located properties. The Longacre platform manages over 55 commercial real estate properties and investments with an aggregate gross asset value of approximately $740 million as of January 31, 2024. We are entrepreneurial, nimble, and hungry for further growth.

Responsibilities:

1. Maintenance of property financial records throughout the month to facilitate a smooth month-end closing. Reviewing budget-to-actual reporting to minimize any missing income or expense at month-end.

2. Resolving issues with financial statements raised by outsourced accounting team, staff accountants or CFO. Performing first review of financial statements for buildings, management companies, and several other types of businesses.

3. Maintain receivables and payables ledgers of management businesses in QuickBooks Online.

4. Help facilitate payment runs with help from outsourced accounting team, staff, AP director and CFO.

5. Reviewing rent rolls and other related reports monthly to ensure accurate reporting of income.

6. Review payables reports monthly to maintain an accurate list of payables and to verify the contents.

7. Help maintain financial statements with journal entries and reconciliations using QuickBooks Online and Yardi.

8. Preparation of tax work papers for use by external tax preparers and facilitating implementation of associated adjusting journal entries, either by external accountants or in the internal companies within QuickBooks Online or Yardi.

9. Assistance with budgeting and treasury management forecasting and related tasks.

10. Fulfill ad hoc project requests from CFO.

11. Maintain an organized file structure to ensure adequate documentation and efficient access for CFO.

12. Completing RPIE (Rea Property Income & Expense) work papers for external attorneys to file.

13. Help forecast and report payroll needs in advance of payroll runs and help facilitate payroll runs with assistance of outside service provider.

14. Help maintain and improve accounting systems in general.

Qualifications:

• Bachelor’s degree and exceptional academic credentials.
• A minimum of 3 years of accounting experience, preferably specializing in real estate.
• CPA and master's degree preferred.
• Advanced knowledge of financial analysis and excel modeling.
• High level of professionalism, maturity and superior attention to detail.
• Excellent work ethic and communication capabilities.
• Ability to manage internal and external teams.
• Eligibility to work in the U.S. without sponsorship.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently to and within established timeframes.
• Excel proficiency including pivot tables, intermediate level functions, tables, conditional formatting, lookup tables, cell referencing, and excel based templates.
• Ability to prepare for, speak during, and run meetings.
• Written Communication: Writing is clear, concise and drives understanding of the topic at hand. Can independently write memos.

Behavioral Competencies:

• Accountable: Holds self-accountable to meet commitments in accordance with deadlines while maintaining accuracy in their work. Self-directed to communicate status; takes ownership for decisions, actions, and failures.
• Communicative: Effectively conveys information (verbal and written), in a timely fashion, with a clear understanding of the needs and communication styles of each stakeholder.
• Entrepreneurial-Minded: Creative and resourceful in identifying and implementing new opportunities and approaches to negotiations, project plans, and business procedures.
• Flexible: Adapts approach and demeanor in real time to match the shifting demands of different situations
• Organizational: Plans and prioritizes work effectively to meet commitments. Able to manage multiple tasks and projects.
• Positive: Friendly to others; cooperative, courteous, and respectful. Contributes positively to the team/dept culture.
• Problem Solver: Navigates complex, and potentially contradictory, information to effectively assess issues and solve problems. Asks the right questions to analyze situations.
• Resilient: Faces and tackles unforeseen challenges. Comfortable in a fast-paced results-driven environment.
• Self-Aware: Knows their strengths, weaknesses, opportunities, and limits. Invites feedback without being defensive.

Our Core Values:

• We believe in doing the right thing – we are values driven.
• We believe in taking care of our customer. Always.
• We believe in idea meritocracy. The best ideas should always win. Check your ego at the door.
• We believe in leading with bold ideas – we are innovative.
• We believe in striving for excellence – we go above and beyond.
• We believe in saying humble, and hungry – this means we’re ambitious, not arrogant.
• We believe in acting like an owner – we are accountable.

We are an Equal Opportunity Employer. Qualified applicants will receive consideration without regarding to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Schedule:

• Monday to Friday

Supplemental Pay:

• Bonus opportunities

Experience:

• Accounting: 3 years (Required)

Ability to Commute:

• New York, NY 10022 (Required)