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    Junior Accountant, Property Management - New York, United States - Asian Americans for Equality

    Asian Americans for Equality
    Asian Americans for Equality New York, United States

    3 weeks ago

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    Description

    Stanton Norfolk, Inc., manages the leasing and maintenance of more than 900 units of affordable housing, and 100 units of commercial and community facility spaces in almost 50 buildings in neighborhoods throughout New York City, including Lower Manhattan and Far Rockaways, Queens.

    Summary:

    The Junior Accountant is the staff member responsible for maintaining books and records of General Ledger, Account Payable and Account Receivable of the managed properties under the supervision of Accounting Manager.

    Essential Duties and Responsibilities:

    • Data gathering and validation - Assist other Fiscal Asset Management personnel in expediting the timely flow of information as required.
    • System controls -MDS GL - Maintain and update chart of accounts, system access rights, system integrity and other system requirements for properties into the Junior Accountant's assigned real estate portfolio.
    • Process Controls
    • System maintenance -Timely processing of change requests (new, change, terminated GL Accounts and mappings).
    • Monthly / Quarterly / Annual closing process - Prepare preliminary analysis for journal entries, supporting documentation and justification for the entries to MDS for the Senior Accountant or above review and approval.
    • Account reconciliations - Preparing account balances and activities reconciliations (e.g., cash accounts, receivables, payables, fixed assets, prepaids) for the Junior Accountant's assigned real estate portfolio and then submit the reconciliations for Senior Accountant or above review and approval.
    • Reporting and Analysis
    • Annual financial statement independent auditor review - Prepare preliminary analysis for journal entries, supporting documentation and justification for the entries to MDS for the Senior Accountant or above review and approval related to the annual financial close; and assist with the year-end financial statement preparation and supporting schedules and analysis in support for the independent auditors.
    • Property management reporting
      • Prepare preliminary monthly/ quarterly/ annual financial and non-financial reports and analysis (e.g., rent billing and Operating Expense/Real Estate/Tax/Utility true up) for Senior Accountant or above review and approval.
      • Contribute to the preparation of a property's annual operating budget.
      • Support the onsite Property Managers and other site personnel in all aspects of financial reporting.
      • Monitor tenant receivables to ensure amounts due are paid on a timely basis.
      • Support management office personnel (Leasing Coordinator, Construction Manager, Asset Management, etc.) to maintain the integrity of the accounting system and to facilitate their financial reporting requirements.
      • Assist the team with the various reporting (e.g., tax returns, financial statements) to Regulatory Agencies and real estate entities for Senior Accountant or above review and approval.
      • Perform ad hoc requests that arise from time to time - mostly from real estate or fiscal management.
    Knowledge/Skills/Abilities:
    • Bachelors Degree in Accounting/Finance or other related field or 1-3 years of corporate accounting experience.
    • Thorough experience and knowledge of real estate tax and insurance and trade functions.
    • A strong background with preparing monthly and quarterly property bill backs.
    • Experience working with all aspects of Accounts Payable/Receivable.
    • Experience with reviewing Financial Statements.
    • Knowledge of accounts payables procedures and principles.
    • Understanding of general ledger functions and the month-end/year-end close processes.
    • Highly detail-oriented and organized.
    • Excellent organization and administration skills.
    • Accuracy and attention to detail, thoroughness, and meeting deadlines.
    • Excellent verbal and written communication skills.
    • Proficient in MS Office, including PowerPoint, Word, Excel.
    • Familiarity with Yardi preferred.
    Compensation:

    $50,000.00/Annually
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