Ascendo Resources is currently seeking a Senior Property Accountant for a full-time, on-site role. Salary range is from $120,000 to $140,000 a year.
Our client is a well-established real estate development company with over 30 years in business and 8 million+ square feet developed and owned across New York City. The firm manages a diverse portfolio spanning commercial retail, residential condominiums, and privately held investment properties.
About the Role
This hybrid role requires an accountant comfortable managing multiple funding structures — from condominium board operating/reserve funds to private equity owner books and complex commercial triple-net (NNN) leases — while maintaining clarity across multiple general ledgers (accrual/cash).
Key Responsibilities
Mixed-Portfolio Financial Management
- Prepare monthly and quarterly financial statement packages for commercial, residential condo, and private investor assets
- Maintain distinct books, separating Condominium Association funds (operating and reserves) from private owner/entity accounts
- Perform monthly bank reconciliations and manage cash positions across multiple entities and bank accounts
- Execute monthly budget-to-actual variance analysis and provide financial commentary to property managers, owners, and Condo Boards
- Coordinate with internal teams and external auditors for lender compliance, year-end closing, and tax filings
Commercial CAM Reconciliations & Revenue Accounting
- Perform annual and mid-year CAM, real estate tax, and insurance reconciliations for commercial and retail tenants
- Interpret financial clauses from commercial leases, including pro-rata shares, expense caps, and base rent escalations
- Calculate and bill monthly rent, escalations, recoveries/reimbursements, and monitor percentage rent where applicable
Residential Condo & Private Property Operations
- Oversee recurring billings including common charges, maintenance fees, special assessments, and rent roll tracking
- Process and track security deposits in compliance with legal interest and escrow requirements
- Review property-level accounts payable, ensuring accurate GL coding across OpEx and CapEx
Board Support, Budgeting & Compliance
- Partner with Property Management teams on annual operating and reserve budgets for Condo Associations and private portfolios
- Prepare financial packages and schedules for annual Condo Board meetings
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field
- 3+ years of property accounting experience with commercial, residential condo, or mixed-use assets
- Strong knowledge of accrual accounting, fund accounting (for reserves), and commercial escalation logic
- Proficiency in real estate accounting systems (Yardi Voyager, MRI, RealPage, QuickBooks, or AppFolio)
- Strong Excel skills (Pivot Tables, VLOOKUP/XLOOKUP)
- Ability to interpret legal lease and condo declaration documents
- Excellent communication skills for interfacing with asset managers, property teams, and board members