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About the Role
This role offers a hands-on Financial Management professional the opportunity to execute a turnaround, influence financial processes, and gain exposure to institutional property management. You will make an immediate impact on asset management strategy and financial performance while working alongside an experienced leadership team.
Responsibilities
- Own day-to-day property accounting and lease administration functions for a complex, multi-property commercial real estate portfolio, ensuring accurate, timely, and complete financial reporting.
- Maintain and reconcile accrual and cash-basis books, focusing on cash flow available to fund capital expenditures, including journal entries, bank reconciliations, and sundry transactions.
- Prepare monthly financial reporting packages, management reports, variance analyses, and cash flow reporting.
- Oversee Accounts Payable, including invoice review, coding, approvals, payment processing, and vendor compliance.
- Oversee tenant billing and lease administration, ensuring accurate billing in accordance with lease requirements.
- Produce off-cycle rent and arrears reporting, with emphasis on distressed tenants, delinquency trends, collections, and landlord exposure.
- Provide financial oversight of approximately $30 million in capital improvements, including project accounting, job costing, capitalization, and budget-to-actual reporting.
- Support accounting and financial administration for landlord capital projects and new tenant improvement projects.
- Review and approve invoices for construction and capital improvement projects.
- Support the preparation and maintenance of annual operating and capital budgets, forecasts, and variance analyses.
- Support audit and control reviews by providing documentation and responding to inquiries.
- Establish and maintain accurate financial records and reporting processes.
- Perform other duties as assigned by the Property Manager and/or senior management.
Requirements
- Four year degree in Accounting required.
- 5+ years of experience in the accounting field.
- 3+ years of experience in the real estate industry.
- Excellent lease administration skills required.
- Working knowledge of Microsoft Office (Word, Excel, Outlook).
- Yardi Voyager and Nexus preferred.
- Excellent computer skills.
Skills
- Accounting
- Lease Administration
- Financial Reporting
- Accrual Basis Accounting
- Cash Basis Accounting
- Cash Flow Management
- Accounts Payable
- Tenant Billing
- Capital Improvements Accounting
- Budgeting
- Forecasting
- Variance Analysis
- Audit Support
- Microsoft Office Suite
- Yardi Voyager
- Nexus
Location
- Hell's Kitchen
Work Type
- Hybrid
- 4 days in office
- 1 day work from home
- Professional office environment
Experience Level
- 5+ years experience in accounting
- 3+ years experience in real estate
Education Level
- Four year degree in Accounting
Salary/Compensations
- $93,500.00 - $110,000.00
Benefits
- Health insurance
- Vision insurance
- Dental insurance
- Flexible spending accounts
- Health savings accounts
- Retirement savings plans
- Life insurance programs
- Disability insurance programs
- Paid time away from work
- Unpaid time away from work
About the Company
- Cushman & Wakefield manages a 2 million square foot mixed-use office portfolio in Hell's Kitchen, currently under a Court-Appointed Receiver.
- Ownership is executing an aggressive value-add strategy focused on capital investment, operational improvements, and leasing to reposition the asset.
- The company is an Equal Opportunity employer.
Equal Opportunity
- Cushman & Wakefield is an Equal Opportunity employer to all protected groups, including protected veterans and individuals with disabilities.
- Discrimination of any type will not be tolerated.
- In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or email Accommodations@cushwake.com. Please refer to the job title and job location when you contact us.