Senior Accountant

AcctPositions Published: March 11, 2020
New York, NY
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A Real Estate company in Brooklyn, NY seeks a Senior Accountant to oversee a residential portfolio of fair market and affordable properties. The ideal senior accountant candidate will be a CPA with residential real estate experience, working with HUD, and experience using with Yardi.


• Supervise accounting team, inclusive of AR, AP, Bookkeepers, etc.

• Prepare financial reports for selected projects in the portfolio

• Review financial reports prepared by accountants including, but not limited to: Annual budgets, annual, quarterly and monthly variance reports, surplus cash computations, monthly management reports and quarterly replacement reserve balances

• Lead the budgeting process and track deliverables for each property.

• Maintain and/or update standard operating procedures and internal controls within the accounting department.

• Review monthly closing procedure and track all applicable deliverables

• Establish tracking system for recurring payables and subsidy payments

• Prepare and maintain a portfolio mortgage schedule abstract with salient terms

• Prepare a daily cash flow analysis

• Review draft audited financial statements prepared by auditors, Review entries proposed by auditors, discuss and compose management letters with auditors and owners, coordinate and monitor audits/work of outside CPA, develop audit schedules with auditors, site and central office staff, and owners.

• Liaison with banks and manage bank accounts, monitor cash flow of all managed properties, approve wire transfers, review and approve expenditures of more than $3,000.

• Maintain chart of accounts and financial groupings.

• Perform other administrative and accounting functions, in support of the CFO, as requested.


• Bachelors Degree in Accounting required

• CPA preferred

• 5+ years of experience with progressive affordable housing knowledge

• Knowledge of Low Income Housing Tax Credit and HUD is required

• Proficiency in Yardi or MRI strongly preferred

• Proficient knowledge of Microsoft Office Suite

• Strong communication and organizational skills

• Experience with HUD

• Experience with residential real estate

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