Benefits

Job Description

COMPANY BACKGROUND

A multi-generational, family-owned real estate investment and development firm based in New York City is adding an experienced Senior Accountant to support its accounting and reporting function. The firm has operated for several decades and maintains a diversified portfolio of residential, commercial, and mixed-use assets throughout the New York metropolitan area, including the management of over 1 million square feet of commercial real estate in Manhattan.

The organization has been involved in substantial development, repositioning, and long-term ownership initiatives across its history and maintains strong relationships with prominent partners, lenders, financial institutions, and professional service providers throughout the real estate community. Its investment approach emphasizes disciplined underwriting, thoughtful urban development, and the long-term stewardship of high-quality assets across generations.

Operating in a lean, entrepreneurial environment, the firm values hands-on involvement, direct decision-making, and close engagement with its properties. The company maintains a deep commitment to discretion, professionalism, and the responsible management of its real estate holdings as it continues to enhance its portfolio.

POSITION SUMMARY

The Senior Accountant will serve as the primary accounting professional for a private real estate family office, responsible for managing day-to-day accounting functions across the firm’s operating business and multiple real estate entities. The role focuses on maintaining accurate financial records, producing timely financial reporting, managing cash flow activity, and coordinating closely with third-party property managers, external accountants, and financial institutions.

This position reports directly to the President and Chief Operating Officer and requires exceptional discretion, sound judgment, and professionalism when handling financial information for a private family office.

The role is hands-on and detail-oriented, suited for an experienced Senior Accountant who is comfortable working independently, managing multiple entities, and supporting ownership with reliable, well-organized financial information. Over time, the Senior Accountant will help strengthen internal processes and assist with building and mentoring a small internal accounting team as the organization’s operational needs evolve.

KEY RESPONSIBILITIES

Financial Accounting & Reporting

Manage all day-to-day accounting operations, including general ledger maintenance, journal entries, monthly closings, and reconciliations.
Prepare monthly, quarterly, and annual financial statements for multiple entities with accuracy.
Maintain organized records and supporting schedules for external accountants and leadership.
Track property-level income, operating expenses, capital expenditures, and loan-related items.

Property-Level Financial Management

Work closely with third-party managers to review AP/AR, rent rolls, monthly management reports, and tenant ledgers.
Validate reconciliations, CAM and tax escalations, abatements, and tenant billings.
Support financial aspects of lease compliance, including reconciliations and tenant reporting.

Treasury & Cash Flow Management

Monitor bank accounts, transfers, deposits, and loan-related activity across corporate and property-level entities.
Prepare short-term and periodic cash flow reports for ownership.
Assist with lender reporting requirements, reserve tracking, and compliance obligations.
Coordinate wires, payments, and disbursements with appropriate documentation and approval.

Budgeting & Forecasting

Track variances between budget and actual performance and highlight material discrepancies.
Support cost monitoring and identify potential areas for operating efficiency.
Assist leadership with liquidity planning and capital strategy.
Support multi-year planning for building systems, capital expenditures, and other initiatives.

Tax & Compliance Coordination

Work with external CPAs to support partnership returns, 1099s, K-1s, and regulatory filings.
Prepare internal schedules and documentation required for tax filings.
Confirm proper entity registrations, annual reports, and compliance obligations.

Insurance & Vendor Coordination

Review insurance bills and certificates to confirm accuracy and compliance.
Manage vendor files, contracts, and payment activity with timely, well-documented processing.

Internal Process Support

Assist with updating accounting procedures, filing systems, and documentation protocols.
Support future migration to an upgraded accounting software platform (e.g., MRI or Yardi).

Executive Support & Strategic Projects

Prepare clear financial summaries and analyses for the President and COO.
Provide ad hoc support related to refinancings, lender requests, and routine financial inquiries.

Team Leadership & Development

Oversee and provide ongoing mentorship to a small internal accounting team.

IDEAL CANDIDATE PROFILE

Professional & Technical Qualifications

7–12 years of accounting experience, preferably within a family-office setting.
Strong understanding of property-level accounting, GAAP, and financial reporting.
Experience with complex ownership structures and multi-entity accounting.
Proficiency with QuickBooks, preferably MRI or Yardi.
Strong Excel skills; familiarity with financial modeling is a plus.

Personal Attributes

Highly organized with exceptional attention to detail.
Able to manage competing deadlines across multiple properties and entities.
Demonstrated experience handling sensitive or confidential financial information.
Strong communicator with the ability to work effectively with ownership, external accountants, and lenders.
Proactive, solutions-oriented, and comfortable working in a lean, entrepreneurial environment.
High integrity, discretion, and professionalism.

EDUCATION

Bachelor’s degree in Accounting, Finance, or related field required.
Master’s degree in a relevant field (e.g., Accounting, Finance) strongly preferred.

COMPENSATION