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Financial Analyst

New York, NY 10119

Posted: 05/01/2019 Industry: Financial Analyst Job Number: 3771 Pay Rate: 100,000

Financial Analyst

Responsibilities:
  • Manage and prepare monthly bank reconciliations for the assigned portfolio of buildings while also posting the interest on the buildings' reserve accounts.
  • Responsible for input of all general ledger journal entries such as bank transfer, interest income, expense reclassifications, reserve contributions, etc.
  • Prepare and present monthly financial statements and make any necessary financial adjustments that is deemed necessary while also preparing the monthly financial packages, including a table of contents and any other special reports as requested.
  • Review the actual to budget performance variances and record the cash transfers that need to occur between entities.
  • Create and maintain the necessary reclassification of journal entries.
  • Prepare the monthly accounts payable cash management sheets in order to help the property managers properly manage the buildings' cash flows.
  • Ensure that the real estate taxes on each building are paid accordingly in the appropriate period and that enough funds are escrowed in order to make the necessary transfers.
  • Oversee of all the annual budgets including, preparation of the budget packages, obtain pre-budget and post-budget check lists from the property managers, prepare the budgets no later than the assigned deadline dates, and presentation of the budgets at the annual board meetings for each building.
  • Record the cash transfers that need to occur between all entities.
  • Initiate transfers of the capital contribution receipts to each of the segregated savings accounts.
  • Level the assessment of the budget transfers.
  • Maintain and update accurate accounting of the refundable deposits.
  • Year-end close on each of the buildings' financial accounts and include the annual reports in the year-end financials
  • Produce the year-end refundable deposit schedule based upon the request from the auditor as needed while also overseeing the annual audit process for the entire portfolio including accommodating the auditor' s needs and requests in a timely manner.
  • Analysis of the reserve funding statuses based on the request from the Property Manager on each building in the portfolio.
  • Reallocate the reserves as per the Board approved reserve study.

Qualifications:
  • Bachelor' s degree in Accounting or Finance from a four-year college or university
  • CPA certification, MBA or related work experience is preferred.
  • Five (5) plus years of experience as an Accountant in the property management industry or real estate fields a plus, residential management is preferred.
  • Previous experience with financial and accounting programs such as BJ Murray and/or Yardi is a plus
  • Knowledge of assets, cash balance, and availability of funds for projects and cash flow management for capital improvements.
  • Excellent organization, motivation, leadership, management and interpersonal skills.
  • Strong analytical skills
  • Strong verbal, presentation, and written communication skills.
  • Proficiency in Microsoft Office, including Word, Excel, Power Point and Outlook

David Rosenblatt

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