What are the responsibilities and job description for the Property Accountant position at Akam Associates Inc?
About the company: Founded in 1983, AKAM provides unparalleled knowledge, industry-leading technology, cost-saving initiatives, and the best customer service in the industry to every condominium, cooperative, homeowners association, and investment property we service. From comprehensive financial oversight to operations management, compliance administration, and violation removal, we maximize operational efficiency and value for our clients. Our core values include Innovation, Collaboration, Elevation, Accountability & Hospitality.
What we offer: AKAM is proud to be Great Place to Work-Certified™. Learn more about our company by visiting akam.com. Our benefits include several healthcare, dental and vision options, a retirement program, paid time off plans, 11 paid holidays per year, educational reimbursement, transportation discount purchase programs, service and performance awards – in addition to various social and recreational activities.
About the job: The Financial Analyst is responsible for preparing monthly and annual financial statements for an assigned portfolio of condo/coop communities located throughout New York City. This role works closely with the property manager and resident board members to achieve the community's financial goals.
Responsibilities include, but not limited to:
- Responsible for General Ledger Accounting for assigned portfolio of Condo/coop buildings (average portfolio size is 30 buildings)
- Review all financial statements and make all adjustments that are deemed necessary
- Review budget to actual variances and present a variance explanation to the board as needed
- Communicating with the Board Treasurer and Board President regarding the financial position
- Strong working knowledge of general ledger, trial balance, accruals (on a cash basis), preparing custom reports and cash flow projections
- Investing client funds as directed by the Board
- Preparing and presenting budgets
- Review new account financial files that have been transferred to AKAM to ensure we have copies of all documents and ensure all funds are transferred appropriately
- Assist with the annual audits
Requirements & Qualifications:
- Must have a Bachelor's degree in Finance or Accounting
- At least 2 years of Financial Analyst or Property Accountant experience within the real estate/or property management industry
- Experience in dealing with the monthly financial statements of coops/condos specifically
- Must have strong proficiency in Excel and MS Suite programs
- BJ Murray or Yardi software experience is a plus
Salary : $80,000 - $100,000
