Accounting Manager- Real Estate

Senior Property Accounting Manager

About the Company

Well-established New York City real estate management firm is seeking a Senior Property Accounting Manager to oversee the financial operations of a large portfolio of cooperative, condominium, and rental properties throughout the New York metropolitan area.

This position will play a key leadership role within the accounting department, managing financial reporting, budgeting, audits, regulatory compliance, and tax-related matters while serving as a trusted resource to Property Managers, Boards of Directors, and senior leadership. The ideal candidate will have strong real estate accounting experience, preferably within the co-op/condo management industry, and a thorough understanding of NYC regulatory and reporting requirements.

Responsibilities

• Oversee all accounting and financial operations for a portfolio of 140+ cooperative, condominium, and rental properties.
• Review and supervise account reconciliations, monthly financial statements, management reports, variance analyses, and journal entries.
• Assist with the preparation and administration of annual operating budgets.
• Coordinate and support annual external audits for assigned properties.
• Serve as the primary liaison between auditors, tax preparers, and management for the preparation of building tax returns.
• Prepare and review accrual reports and related accounting schedules.
• Calculate and review sales tax filings and real estate tax escalation reconciliations.
• Monitor cash flow, operating accounts, and reserve fund balances across the portfolio.
• Oversee NYC co-op/condo tax abatement administration, prevailing wage compliance, and related regulatory filings.
• Coordinate tax certiorari documentation with legal counsel and communicate real estate tax refund activity to Boards of Directors.
• Supervise the preparation and filing of TD letters, 1098 tax forms, and RPIE submissions.
• Mentor, train, and supervise financial analysts while reviewing work for accuracy, completeness, and compliance.
• Collaborate with Accounts Payable and Accounts Receivable teams to ensure timely and accurate financial processing.
• Communicate directly with Property Managers and Boards of Directors regarding financial reporting, budgets, and operating results.
• Strengthen internal controls and identify opportunities to improve accounting and reporting processes.
• Ensure compliance with NYC Department of Finance requirements and other applicable regulatory agencies.
• Prepare ad hoc financial analyses, reports, and presentations for Boards and senior management.