Financial Analyst

Akam Associates Inc.•New York, NY

6h•$85,000 - $100,000•Onsite

About The Position

The Financial Analyst manages accounting and financial reporting for an assigned portfolio of condominium and cooperative communities throughout New York City, typically consisting of 30 or more buildings. This role prepares accurate and timely monthly and annual financial statements, develops budgets and cash flow projections, and provides analysis to support each community’s financial goals. Working closely with property managers and board members, the Financial Analyst serves as a key financial resource, explaining financial results, responding to inquiries, and supporting informed decision-making.

Requirements

Bachelor’s degree in Accounting or Finance.
Two to three years of public accounting experience.
Two years of financial analyst or property accounting experience in the real estate or property management industry.
Direct experience preparing and reviewing monthly financial statements for condominium and cooperative properties.
Strong knowledge of general ledger accounting, financial reporting, budgeting, variance analysis, and cash flow forecasting.
Strong proficiency in Microsoft Excel and other Microsoft Office applications.
Excellent attention to detail, organizational skills, and the ability to manage deadlines across multiple properties.
Strong communication skills and the ability to explain financial information clearly to property managers and board members.

Nice To Haves

Experience with BJ Murray or Yardi is a plus.

Responsibilities

Manage general ledger accounting for an assigned portfolio of condominium and cooperative properties.
Prepare and review monthly and annual financial statements, including supporting schedules and reports.
Review general ledgers and trial balances, investigate discrepancies, and prepare necessary journal entries and adjustments.
Apply the appropriate accounting basis for each property, including accruals and other adjustments where applicable.
Prepare custom financial reports and cash flow projections to support property-level planning.
Prepare annual operating budgets in collaboration with property managers and board members.
Analyze budget-to-actual results, investigate variances, and provide clear explanations to property managers and boards.
Monitor each property’s financial position and communicate cash flow needs and other financial considerations.
Serve as a financial point of contact for property managers, board treasurers, and board presidents.
Explain financial statements, budgets, and operating results, and respond to financial inquiries promptly and accurately.
Present budgets and financial information to boards as needed.
Coordinate the investment of client funds in accordance with board direction and established procedures.
Review financial records for properties transitioning to AKAM to confirm required documentation is complete and funds are transferred appropriately.
Assist with annual audits by preparing supporting schedules, providing documentation, and responding to auditor inquiries.