Multifamily Accounting Manager

Empire State Realty Trust•New York, NY

1d•$125,000 - $135,000

About The Position

The Multifamily Accounting Manager is responsible for overseeing the accounting and financial reporting of each property within ESRTâs multifamily property portfolio. This person will also be an instrumental person in shaping our accounting processes as we further build out our multifamily platform. This position requires a self-starter with strong analytical skills, relevant multifamily accounting experience, and the ability to work well within multiple teams. A successful candidate will have recent work experience as a manager in multifamily and NYC affordable housing and this position will report to Controller, Multifamily and Managed Assets.

Requirements

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
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

Nice To Haves

Certifications such as CPA or CMA is a plus

Responsibilities

Oversee and review the monthly reporting process and the packages submitted by the property accountants for the multifamily properties, including the following (while the Multifamily Accounting Manager will, for the most part, be reviewing information and schedules prepared by the property accountants, where applicable, the Multifamily Accounting Manager may be the preparer of certain schedules and reports)
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 teamâs 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 CafÃ©) 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