Address
Form of work
SalaryResponsibilities:
Related Companies is an equal opportunity employer.
For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy.
#TRC #LI-JF1 Overview:
- Reports to the Portfolio Controller.
- Though based in our 410 10th Avenue, Manhattan office, the position has the flexibility to allow the employee to work from home most days.
- Directly responsible for all accounting and reporting functions for a residential portfolio consisting of 15-18 entities. Portfolio type varies by group and can consist of Affordable 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 entity 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.
Compensation
- $80,000 - $110,000 / year
- Annual performance based bonus
- 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.
- This role is primarily remote, required to be onsite at the NY office twice a month.
Related Companies is an equal opportunity employer.
For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy.
#TRC #LI-JF1
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisition, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, West Palm Beach, Miami, Washington, D.C., and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development, our projects include the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Square in Downtown West Palm Beach, The Grand LA and Related Santa Clara in California and The 78 in Chicago. Each Related project emphasizes a strong commitment to environmentally conscious real estate development and advances the sustainable design, construction and management of urban spaces.
