Empire State Realty Trust

Multifamily Accounting Manager

Empire State Realty Trust

full-time

Posted on:

Location Type: Hybrid

Location: New York City • New York • United States

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Salary

💰 $125,000 - $135,000 per year

About the role

  • Oversee and review the monthly reporting process and the packages submitted by the property accountants for the multifamily properties
  • Supervise property accountants and provide leadership, coaching, and review work performed
  • Assist property accountants in close procedures and other time sensitive tasks as required
  • Integrate with property management to ensure they have access to timely and accurate information while also coaching the property management team to utilize Yardi and related systems in a way which allows efficient processing by the property accounting team
  • Analyze closing workpapers to validate trial balance support and accuracy
  • Evaluate variance reporting packages and identify key drivers and discrepancies
  • Oversee account reconciliations, roll forwards, and supporting schedules to ensure completeness and accuracy
  • Approve and provide oversight of monthly journal entries, including period-end accruals and reversals
  • Validate operating expense, contract, and utility accrual calculations
  • Monitor and reconcile security deposit activity
  • Ensure proper expense coding and accurate recording of transactions
  • Prepare certain quarterly reporting schedules and deliverables
  • Review and approve invoices and corresponding G/L coding
  • Identify issues, trends, bottlenecks, and efficiency opportunities; recommend and implement process improvements
  • Seek out inconsistencies and standardize best practices across portfolio
  • Challenge status quo of work performed and strive to concentrate team’s time on most value-add activities
  • Oversee and provide support schedules and documents for internal and external audits and for annual preparation of the TC201s and RPIEs
  • Assist with the annual budget preparation
  • Develop a complete understanding of Yardi software (Voyager and Rent Café) and other residential software
  • Lead accounting transition and implementation for any multifamily assets we may acquire and serve as the property accountant for such properties until a multifamily property accountant is assigned or hired
  • Coordinate with HR on hiring process and related decisions to build out our multifamily accounting support team
  • Ensure internal controls are being adhered to and provide recommendations on improvements
  • Complete ad hoc projects
  • Assist in the review of financial reporting on assets excluded from the REIT portfolio

Requirements

  • BA/BS degree in Accounting
  • Minimum of 6+ years multifamily accounting experience
  • Minimum of 3+ years of managerial or supervisory experience
  • Real estate experience: multifamily experience is required
  • Certifications such as CPA or CMA is a plus
  • Excellent management and supervisory skills
  • Proficient in accounting systems, Yardi Systems is a plus
  • Proficient in Microsoft Office, with strong skills in Excel
  • Strong analytical and communication skills (oral and written)
  • Detailed-oriented
  • Must be comfortable working autonomously and multi-tasking in a fast-paced environment and be highly conscientious of deadlines.
Benefits
  • Competitive base salary and bonus
  • Health/Dental/Vision insurance
  • Company sponsored Life, AD&D, STD (with Salary Continuation), and LTD Insurance
  • Voluntary Enhanced LTD Program
  • Voluntary Hospital, Accident, and Cancer Programs
  • 401(k) with 100% match up to 5%
  • Paid parental leave
  • Pre-tax transit accounts
  • Employee Assistance Program for emotional, financial, and legal support
  • Generous paid time off
  • Flex remote work time
  • Flex Summer Fridays
  • Employee engagement programs
  • Volunteer time off
  • Continuing education
  • Complimentary Empire State Building Observatory access
  • Complimentary gym membership and other wellness benefits
  • Employee Discount Programs
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
accountingvariance reportingaccount reconciliationsjournal entriesaccrual calculationsfinancial reportingbudget preparationprocess improvementsaudit supportmultifamily accounting
Soft Skills
leadershipcoachingmanagementsupervisory skillsanalytical skillscommunication skillsdetail-orientedautonomous workmulti-taskingdeadline-oriented
Certifications
BA/BS in AccountingCPACMA