Comunilife Inc. is looking for a Real Estate Accountant to join its Finance Team onsite at our midtown office. Reporting to the Vice President for Finance the Real Estate Accountant will provide general and specific assistance to the Finance Department by assisting in the maintaining the general ledger and reporting on the finances of the Comunilife affiliated limited partnerships. This position is eligible for Comunilife's generous benefits and paid time off package.

 

Essential Duties:

 

Responsible for the monthly closing of the limited partnerships:

Analyze and review client rent accounts receivable balances and adjust accordingly

Complete bank reconciliations to ensure proper recording of transactions and correct as needed

Analyze and adjust all material statement of financial position accounts monthly and post all accruals for quarter closing reports

Analyze and adjust the statement of activities on a monthly basis to ensure proper recording of transactions

Responsible for soft/hard close on all quarterly reporting periods and prepare quarterly financial statements reflecting YTD results and projected year end results compared to budget 

Prepare annual operating budgets to be submitted to the investors for approval

Provide monthly reporting packages for investors where required

Maintain knowledge of all rent regulations requirements

Interpret various agreements including management agreements, loan agreements, partnership agreements and operating agreements and lease agreements

Work closely with internal and external property managers and partnership accounting teams to ensure the timely delivery of accurate financial reporting

Plan for and work with the external auditors on the performance of the year end audits for the limited partnerships and analyze and prepare audit schedule for the limited partnership annual audits