Senior Accountant - Residential

US-NY-New York
Job ID
1648
Function
Accounting / Finance
423 West 55th Street

Overview

Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.

 

Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, and Shanghai and boasts a team of over 3,500 professionals. The Company’s portfolio of over $50 billion in real estate assets owned or under development is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

 

Related also owns Equinox® Fitness Clubs and SoulCycle further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. Related is a partner in CORE, a boutique residential brokerage. For more information about Related Companies please visit www.related.com.

Responsibilities

  • Reports to the Portfolio Controller.
  • Though based in our West 55th Street, Manhattan office, the position has the flexibility to allow the employee to work from home most days. Employee must be available to report to the office on business days with notice by the end of business the previous day.
  • Directly responsible for all accounting and reporting functions for a residential portfolio consisting of 12-15 properties. Portfolio type varies by group and can consist of Affordable Housing, Mid-Market (workforce housing), Luxury Rental and Luxury Condo.
  • Works closely with Related Management Company personnel who operate the sites to ensure proper reporting to business owners, external partners, lenders and agencies.
  • Interacts with other accounting and support departments to expedite the flow of information as required.
  • Complete and review the monthly close for each assigned property and prepare required financial reports to the lenders, investors, owners and managers.
  • Complete and review the annual close and support the yearend audit process, working closely with the independent auditors.
  • Maintain general ledgers, reconcile accounts and make required adjustments when necessary.
  • Prepare and maintain a comprehensive work paper package to support the balance sheet and major income statement accounts.
  • Perform recurring financial analysis and analytical procedures in the evaluation of property performance and discuss same with management and owners.
  • Assist in preparation of a property’s annual operating budget.
  • Support the onsite Property Managers and other site personnel in all aspects of financial reporting.
  • Assist the Controller with the various reporting to Regulatory Agencies.
  • Identify weaknesses and or inconsistencies in the accounting system and recommend and implement improvements/changes.
  • Read and understand loan documents, partnership agreements, regulatory agreements, and closing statements.
  • Work with Controllers to record more complex transactions such as acquisitions and dispositions.
  • Perform such other tasks as may be required from time to time.

Qualifications

  • BA or BS in Accounting or Finance
  • 4 plus years of professional experience preferably concentrated in a real estate operator/developer environment, or in public accounting.
  • CPA preferred, but not required
  • Ability to handle multiple tasks and to work independently in an organized manner with strong attention to detail and accuracy.
  • Strong written and oral communication skills.
  • Proficiency with standard suite of Microsoft Office applications, in particular Excel.
  • Working knowledge of JDEdwards, RealPage or Yardi a bonus, but not required.

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