Sr. Multifamily Property Accountant

POSITION SUMMARY
The Sr. Multifamily Property Accountant will support the accounting and financial reporting functions for the multifamily residential portfolio. This role will report to the Multifamily Accounting Manager and is responsible for the full-cycle property accounting process, including month-end close, financial reporting, account reconciliations, budgeting support, lender reporting, and audit preparation.

The ideal candidate will possess strong technical accounting knowledge, a collaborative approach to working with property management teams, and the ability to analyze financial results to ensure the accuracy and integrity of property-level financial reporting. This position plays a key role in maintaining compliance with company policies, lender requirements, and regulatory reporting obligations while contributing to process improvements and special projects across the multifamily portfolio.

RESPONSIBILITIES
Responsible for month-end close/reconciliation of Accounts Receivable, Accounts Payable and other sub-ledgers
Review expense coding and amounts to determine accuracy and provide guidance to property management
Prepare monthly internal/external reports
Create and determine correct monthly journal entries including period-end accruals and reserves
Review management operating expense/contract accruals and provide guidance when necessary
Prepare utility accruals (determine method and provide support calculations)
Meet with property managers to discuss and determine proper accounting treatments for operating activities and fixed assets
Calculate bad debt provisions and determine if adjustment is necessary for month-end close
Calculate and prepare proper intercompany transfers of funds
Perform account reconciliations, roll forwards, and prepare supporting schedules
Confirm expenditures are accurately expensed or capitalized per ESRT’s policy
Complete monthly bank reconciliations
Record mortgage payment including interest rate swap activity and confirm escrow account balances on trial balance tie to lender’s activity
Review cash balances and cash needs for the applicable property to fund, as needed, operating expenses, construction projects, and mortgage payments
Provide support/explanations for annual property audits
Prepare annual governmental filings, including the TC201 and RPIE
Assist in various quarterly ESRT consolidated reporting functions, including answering variance questions and verifying fixed asset additions and disposals
Assist in the preparation of draw requests for submission to lender
Prepare reporting packages to comply with lender reporting requirements
Review annual budgets from an accounting perspective, including ensuring expenditures are coded to the correct G/L and comparing budget to historical
Provide support for sales tax audits
Assist with properties outside of the REIT that ESRT manages
Lead and participate with ad-hoc projects

WHAT SUCCESS LOOKS LIKE
Timely close of monthly books and taking ownership over your workpapers
Build and maintain relationships with property managers
Develop full understanding of performance of assigned properties, including non- financial aspects
Provide recommendations to address accounting issues at property

REQUIRED SKILLS / ABILITIES
Proficient in accounting systems, Yardi Systems is a plus
Proficient in Microsoft Office, with strong skills in Excel
Strong communication skills
Strong analytical skills
Certifications such as CPA or CMA a plus

EDUCATION & EXPERIENCE
BA/BS degree in Accounting
Minimum of four years accounting experience; public accounting preferred
Real estate experience; multifamily experience is preferred

PHYSICAL REQUIREMENTS
Prolonged periods of sitting at a desk and working on a computer
Must be able to lift up to 15 pounds at times