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Financial Analyst
$92k-113k (estimate)
Full Time 2 Weeks Ago
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FirstService Residential New York is Hiring a Financial Analyst Near New York, NY

Job Overview:

As a Financial Analyst, you'll be responsible for the financial management of a designated portfolio of residential properties.

Your 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.

Perform the necessary month-end duties such as:

  • 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.

Perform the necessary year-end duties such as:

  • 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.

Skills & Qualifications:

  • Bachelor's degree in Accounting or Finance from a four-year college or university, CPA certification, MBA or related work experience is preferred.
  • 5-7 years of experience as an Accountant in the property management industry or real estate fields a plus, residential management is preferred.
  • 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.
  • Critical thinking, complex problem solving, judgment and decision making ability.
  • Strong verbal, presentation, and written communication skills. Ability to communicate and provide guidance to all employee and client levels.
  • Must have strong proficiency in Windows and Microsoft Office, including but not limited to Word, Excel, Power Point and Outlook.
  • Proficiency researching the Internet. Previous experience with financial and accounting programs such as BJ Murray and/or Yardi is a plus.
  • Must be able to keep up in a fast-paced, ever changing environment while maintaining a cool, calm, and collected attitude.
  • Ability to work well in a team environment as well as independently. Must be self-driven with the ability to identify, plan and prioritize projects and assignments and be able to hit important deadlines.
  • Knowledge of mechanical operations of a building and equipment preferred.

What We Offer:

As a full-time exempt associate, you will be eligible for full comprehensive benefits to include your choice of multiple medical plans, dental, vision, life insurance, short term disability, legal, and identity theft. You will also be eligible for company paid life insurance, long term disability, and benefits from our employee assistance program. In addition, you will be eligible for paid time off, paid holidays, and a 401k with company match.

Compensation:

$75000 - $90000 / year

Job Summary

JOB TYPE

Full Time

SALARY

$92k-113k (estimate)

POST DATE

05/26/2024

EXPIRATION DATE

06/23/2024

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The following is the career advancement route for Financial Analyst positions, which can be used as a reference in future career path planning. As a Financial Analyst, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Financial Analyst. You can explore the career advancement for a Financial Analyst below and select your interested title to get hiring information.

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If you are interested in becoming a Financial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Financial Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Broadly speaking, a financial analyst works with financial data to help organizations make business decisions.

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Build financial models to perform financial forecasts, predict business scenarios, and provide other data analysis to help make business decisions.

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Every financial analyst’s job will hold different responsibilities depending on their specialty and where they work.

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They often develop and execute complex methodologies that enable them to generate useful pointers from the financial data and problem statements that their clients provide.

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Financial analysts who have little to no professional experience are responsible for gathering data, financial modeling and creating or maintaining spreadsheets.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Financial Analyst jobs

To become a senior or junior level financial analyst, one may be required to earn a Master’s of Business Administration.

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Obtaining a finance degree (bachelor’s or MBA) and working towards becoming a financial analyst requires the development of skills, expertise, and specific abilities.

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To be a financial analyst, one should be good with numbers, comfortable presenting research, analytical, and have great ability to research large amounts of data and pay attention to small details.

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Earning a finance degree and taking the steps to become a financial analyst requires specific abilities and the development of specialized skills.

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With relevant work experience and appropriate training, finance students can become equipped to pursue the path of becoming a financial analyst.

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