Property Accountant

About the role

The United Group of Companies, Inc., a full-service, vertically integrated leader in real estate development and management with over 50 years of industry expertise, seeks a full-time Property Accountant to join our team at our Corporate office in Troy, NY.

Responsibilities

• Cash Management - monitoring/reporting; Accounts Payable for distressed properties
• Cash management of each property is the responsibility of the Property Accountant responsible for that entity.
• Prepares bank reconciliations and monthly financial statements.
• Ensures regulatory compliance with governmental agencies and GAAP.
• Generates reports and data necessary to successfully manage property operations.
• Prepares a variety of detailed accounting, statistical, and narrative financial statements and reports requiring analysis and interpretation.
• Collects data on direct, indirect, and overhead costs of operation relating to the setting of rates and fees.
• Participates in the preparation, evaluation, justification, and maintenance of budgets and financial controls.
• Examines records to determine that asset acquisition, sale, retirement, and other entries have been reflected.
• Prepares schedules for depreciation of buildings and equipment and presents information when needed.
• Ad Hoc Reporting (Cash flows/projections/finance and management requests)
• Provides guidance to Accounts Payable staff as needed to ensure the timely and accurate payment processing.
• Assists and provides support to Accounting Intern when requested.
• Provides assistance on any item that will assist in ability to reach goals of the organization as a whole.
• Budget Process - Collaborates with Property and Regional Managers in the creation of the annual property budget to ensure revenue and expenses are reflected and forecasted properly.
• Provides training and guidance to managers unfamiliar with United’s practices and/or the complexities of the process.
• Responsible for uploading budgets for assigned properties into the management operating system.
• Presents and provides explanation of variances to budget to owners, executives and management and interprets information relating to the financial management of the property.
• Management - Creates monthly reporting and financial statements to provide up to date information to management.
• Works with Property Management to apply core accounting principles and practices and ensure established controls are adhered to in the field.
• Assists Controller, CFO, CEO and management with special projects as needed.
• Reporting - Prepares and disseminates reports including but not limited to; end of month reports, leasing / occupancy reports, cash management and analysis, aging accounts receivable, etc.
• Works with management and leadership to cure deficiencies and set up contingency plans for distressed properties.
• Process Improvement - Follows policies and procedures for the Accounting Department for areas of specific responsibility- includes monitoring adherence to these procedures, with input from other team members; contributes to ensuring cohesive flow of operations and that all functionality of the Accounting process is covered by an established Standard Operating Procedure.
• Update quarterly (or as needed), Property information and checklists needed to ensure Management Operations + Accounting team are fluid and not duplicating efforts.
• Special projects as needed and assigned.
• Financial Reviews - Ensures Financial Statement delivery meets established deadlines. Prepares monthly Financial Statements and works to remedy any deficiencies and/or make corrections before final review by the Controller. Ensures that Financial Statements are disseminated to appropriate stakeholders after the management approval and ensures consistent and timely electronic retention. Responds to audit inquiries; complies with Regulators/Auditors' requests; creates and maintains Monthly / Quarterly / Annual checklist for Audits / Tax Returns + Annual Filings.

Qualifications

• Bachelor’s degree in accounting, finance or related industry.
• 2+ years of accounting experience, preferably in property management or real estate.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
• CPA preferred but not required.

Benefits + Time Off

• Medical – Highmark BlueShield of Northeastern NY – 3 insurance plans with HSA options; eligibility 1st of the month following 30 days.
• Dental + Vision – eligibility 1st of the month following 30 days.
• Life Insurance – Company paid Basic Life Insurance Policy (1x Annual Salary) with additional Voluntary Life Plans; eligibility 1st of the month following 30 days.
• 401K Retirement Plan – Voya Financial; Employee Contribution Eligibility at 1st of the month following 90 days; eligible for Employer Match after 1 Year of Service; up to 4% Company Match.
• Additional Benefits – Employee Assistance Program; United Concierge Medicine (24/7 telemedicine service, including Mental Health); Calm App premium subscription; Learning Care Group (childcare tuition discount); Dependent Care FSA; Tuition Assistance Program.
• PTO – Personal (24 Hours), Sick (56 Hours), and Vacation Time (80 Hours; escalated based on years of service up to 160 Hours); eligibility after 90-day Introductory Period.
• Holidays – 10 Company Paid Holidays.