What are the responsibilities and job description for the Property Accountant position at Acadia Realty Trust?
Acadia (NYSE:AKR), headquartered in Rye, New York, Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – core and investment management – platforms.
Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform.
Acadia is currently seeking a property accountant who has strong growth potential. This position will be responsible for various accounting/reporting functions for properties and entities as part of Acadia’s core portfolio, opportunity fund platforms and investment management portfolio in accordance with GAAP policies. They will support a portfolio of commercial real estate properties and be responsible for a broad range of accounting and financial reporting activities.
Key Responsibilities Include, But Are Not Limited To
Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
Acadia Realty is an Equal Opportunity Employer - Acadia Realty is an Equal Opportunity Employer - Veteran/Disability
Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform.
Acadia is currently seeking a property accountant who has strong growth potential. This position will be responsible for various accounting/reporting functions for properties and entities as part of Acadia’s core portfolio, opportunity fund platforms and investment management portfolio in accordance with GAAP policies. They will support a portfolio of commercial real estate properties and be responsible for a broad range of accounting and financial reporting activities.
Key Responsibilities Include, But Are Not Limited To
- Managing components of the quarterly and annual close and financial reporting cycles, including preparation of balance sheets and income statements
- Preparing monthly and quarterly financial reporting packages for joint venture partners and lenders
- Preparing and posting monthly and quarterly journal entries, including accruals, amortizations, and reclassifications
- Performing variance analysis versus budget and prior periods, and providing explanations for key fluctuations
- Maintaining accurate general ledger and bookkeeping records, including account reconciliations and transaction review
- Preparation of work papers to be used in conjunction with audits
- Preparation of footnotes and supporting schedules for quarterly and annual SEC filings
- Supporting accounting setup for property acquisitions and closeout activities for property dispositions
- Working collaboratively with internal teams to ensure accurate reporting and compliance with GAAP and internal controls
- Bachelor’s degree in Accounting and/or Finance
- 1–3 years of professional accounting experience
- Strong analytical skills with attention to detail
- Self-starter able to work independently, manage priorities, and meet deadlines in a fast-paced environment
- Strong technical aptitude, including advanced Excel skills and the ability to leverage automation and AI tools to improve efficiency and reporting, preferred
- Progress toward CPA certification is a plus
- Commercial real estate experience preferred, but not required
Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
Acadia Realty is an Equal Opportunity Employer - Acadia Realty is an Equal Opportunity Employer - Veteran/Disability
Salary : $80,000 - $90,000