• Senior Accountant, 20 Hudson Yards

    Job Locations US-NY-New York
    Job ID
    3992
    Function
    Accounting / Finance
    Location Name
    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., 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 $5 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

    The Senior Accountant role will initially work with the Hudson Yards development accounting team on the construction of the 20 Hudson Yards project. Once the development project is complete and has transitioned to operations, the Senior Accountant will also transition to the Commercial Accounting group. The Commercial Accounting group is responsible for the daily accounting operations of Related’s commercial portfolio which covers retail, office, condominium, restaurant and sponsorship areas. The group’s responsibilities include internal and external management reporting, debt and partner compliance as well as interacting with lease administration, treasury and information technology.

     

    The Senior Accountant will be responsible for financial reporting, daily and period end accounting activities, performing general ledger financial analysis, cash management, cash flow analysis, assisting with preparing financial items, preparing annual year-end projections, and analyzing monthly and year-to date budget variances across the project that spans components such as: retail mall, co-generation utility plant, events and sponsorship businesses. This position also involves collaboration with the finance team and senior leaders to produce a variety of high quality, monthly and quarterly reports that are used companywide for reporting, analysis and planning.  The ideal candidate is a highly entrepreneurial and self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly and efficiently under tight deadlines. The Senior Accountant will report to the Controller and be based in our New York office.

     

    • Assist in the daily accounting for the various activities and transactions
    • Review and analyze the general ledger, financial statements and prepare appropriate accrual and adjusting journal entries in accordance with GAAP
    • Prepare monthly bank reconciliations
    • Assist the Hudson Yards development accounting team on close-out and transition to operations
    • Assist in the monthly review of construction billing
    • Prepare balance sheet and income statement analysis for management and partners
    • Collaborate with controller and business executives on monthly cash flow forecasting
    • Prepare detailed monthly, quarterly and year end work paper packages from posted journal entries and general ledger analysis
    • Review CAM/RET reconciliations, track event and sponsorship activations and assist in the accounting and reporting of the Hudson Yards co-generation utility plant
    • Assist in the preparation of annual audited financial statements
    • Assist with preparation of yearly budgets and quarterly forecasting
    • Create reporting templates, formulate analysis using applications such as Excel and JD Edwards accounting software and participate in various business process/technology integration initiatives
    • Assist with special projects, as needed

    Qualifications

    • Bachelor’s degree in Accounting
    • 4+ years of real estate experience, CPA preferred
    • Public accounting experience preferred
    • Strong knowledge of GAAP/accounting theory
    • Excellent written and communication skills
    • Strong analytical ability
    • Mature professional with sound judgement and interpersonal skills
    • Proficiency with standard suite of Microsoft Office applications, especially Excel
    • Knowledge of JD Edwards a plus
    • Ability to handle multiple tasks and work independently with attention to details

    Not the right job for you?