Senior Accountant

BFC Partners•New York, NY

About The Position

The Senior Accountant supports the general ledger, financial close, and property owner accounting for the company’s corporate management company and operating property entities. The role helps execute monthly, quarterly, and annual close processes; maintains accurate corporate and property owner books and records; and prepares financial statements and reporting packages to ensure financial information is accurate, timely, and audit ready. The position works closely with the finance team, third-party property managers, Asset Management, and external accounting, audit, and tax advisors. The role supports corporate accounting and reporting, including accounts payable, revenue, cost allocations, intercompany activity, treasury, budgeting, audits, and compliance. It also supports owner-level accounting for properties and ownership entities, oversees reporting from third-party property managers, reviews property operating results and capital expenditures, and assists with owner, investor, lender, and audit reporting. The Senior Accountant reports to the Chief Financial Officer and has no current direct supervisory responsibilities.

Responsibilities

Support the corporate chart of accounts, general ledger, books and records, and monthly, quarterly, and annual financial close processes.
Prepare balance sheet reconciliations and help maintain the monthly close calendar and checklist.
Assist with standalone and consolidated corporate financial statements, including consolidation and elimination entries.
Coordinate with the Controller to confirm financial statements are accurate and complete.
Assist with accounting for payroll, employee benefits, corporate operating costs, prepaids, accruals, fixed assets, and depreciation.
Verify general ledger coding, process wire payments, support annual 1099 reporting, and support segregation of duties over disbursements.
Support billing and recording asset management and property oversight fees; maintain accounts receivable; reconcile fee revenue and receivables to underlying agreements; and apply revenue recognition policies with the Controller.
Assist with allocating payroll, personnel, and shared-service costs to projects and properties, maintaining supporting schedules and documentation.
Review and reconcile intercompany activity, support intercompany settlements, and assist with consolidation eliminations.
Help monitor corporate cash balances and liquidity requirements, prepare corporate cash forecasts, and support corporate debt and credit facility accounting.
Assist with covenant reporting and debt service recording in coordination with Treasury.
Support the annual corporate operating budget, periodic forecasts, budget-to-actual reporting, G&A and overhead monitoring, fee revenue and profitability analysis, and executive, partner, and KPI/dashboard reporting.
Prepare audit schedules and support the annual corporate financial statement audit, tax return preparation, insurance audits, internal controls, and financial record retention.
Help establish and communicate accounting and reporting requirements, standardized packages, and submission deadlines for third-party property managers.
Coordinate property close requirements and review property manager reporting for completeness and accuracy; follow up on missing, incomplete, or inconsistent information.
Help monitor compliance with management agreements and owner reporting requirements and identify recurring deficiencies for escalation.
Maintain official owner-level general ledgers for properties and ownership entities and support mapping property manager charts of accounts to the owner chart of accounts.
Record owner-level journal entries, accruals, adjustments, debt, financing, cash, and intercompany activity not maintained by property managers.
Support owner-level monthly close, including balance sheet reconciliations, close sign-off, and review documentation.
Assist in preparing property-level and ownership-entity financial statements, applying GAAP, tax-basis, contractual, and regulatory reporting requirements as applicable.
Review property operating results, revenue, expenses, NOI, and budget-to-actual variances, and flag unusual trends or accounting anomalies.
Provide finalized financial statements, NOI, cash and liquidity, debt, and reserve reporting to Asset Management; support business plans, forecasts, valuations, refinancing, and acquisition or disposition analysis.
Help monitor debt-service requirements and maintain and reconcile reserves, escrow, and restricted cash schedules.
Review capital expenditures against approved budgets, monitor capital commitments, and support owner-level capital expenditure and fixed asset schedules.
Assist with owner, investor, joint venture, and partner/member capital reporting required by partnership and operating agreements.
Support investor and joint venture accounting inquiries and reconcile investor reporting to the owner general ledger.
Support lender, regulatory, affordable housing, and debt covenant reporting and coordinate annual property and ownership-entity audits.
Prepare owner-level audit schedules, assist with audit inquiries to property managers, and support annual tax return preparation and related reconciliations.
Support coordinated close calendars, consistent close standards, reconciliation requirements, and financial statement review and approval procedures across the organization.
Support company-wide accounting policies, procedures, internal controls, and accounting system and chart-of-accounts governance.
Identify workflow automation opportunities and process improvements to reduce manual and duplicative work and support data integrity across accounting and operational systems.
Coordinate with Development, Construction, Asset Management, third-party Property Management, Treasury, Tax, Legal, FP&A, Human Resources, IT, and Executive Management as needed.