General Ledger Accountant

Description

General Ledger Accountant
First Service Residential is owned by First Service Corporation, a proudly Canadian company and one of Canada’s great business success stories.
First Service Residential transforms the property management landscape by providing professional association management services to over 9,000 residential communities across the United States and Canada.

Our dedication to associate satisfaction and growth is recognized by our Great Place to Work certification, exemplifying our commitment to fostering a positive and inclusive workplace culture. Our 19,000 associates can count on competitive salaries, top-tier medical, dental, and retirement benefits, career training, and support for continued professional development.

Experience exceptional service with a fulfilling career in property management with First Service Residential.

Why choose Us
We offer a hybrid working environment with flexible hours and the option for a modified 4.5 day work week. We have a comprehensive benefits program inclusive of a Health Spending Account, Workperks, and more! Most importantly, we are committed to empowering, developing and supporting all our associates.

Overall, this role will be responsible for the accounting of a portfolio of condominiums and/or cooperatives in New York City. Must have the ability and eagerness to not only produce monthly financial reports but to prepare multiple financial budgets. This position will be constantly required to hit deadlines for the appropriate assigned projects. The key function of this job is to review all the support team’s input into the financial statement process and make sure that everyone has completed their roles according to expectations.

Then this role will complete the financial statement process and be submitted to the Property Manager for final review. This position will be a key support for the day-to-day accounting support for the Property Managers and Board members. Must be a quick learner, able to multi-task and manage time effectively. This person will be the conductor for all the varies support teams in creating accurate and timely financial statements.

Essential Duties & Responsibilities

The job duties listed are typical examples of the work performed by positions in this job classification. Not all duties assigned to every position are included, nor is it expected that all positions will be assigned every duty.

• The position is hybrid; employee must be able to work in an FSR office.
• Prepare monthly bank reconciliations for the assigned portfolio of buildings which includes all buildings’ reserve accounts to clear any outstanding items that the bank reconciliation team did not clear.
• Prepare monthly financial packages which includes a table of contents
• Analyze and communicate the actual to budget variances
• Attend meetings with clients as needed, to explain financials
• Participate in annual budget preparation for the assigned portfolio of buildings by the assigned deadline dates
• Resolve internal client inquiries submitted via ticketing system, Zendesk

Perform the necessary month-end duties such as:

• Initiate/schedule transfers, which includes escrow transfers, reserve contributions, assessment billing, reserve funding and non-operating revenue transfers to reserves, etc., segregating funds appropriately.
• Maintain and update accurate accounting of the liability accounts such as security deposits.
• Complete special projects for both internal and external, as assigned.

Perform the necessary year-end duties such as:

• Year-end close on each of the buildings’ financial chart of accounts include the annual reports in year-end financials.
• Participate in the annual audit process for the entire portfolio including accommodating the auditor’s needs and requests in a timely manner.
• Reallocate the month-to-month budget spread for the financial reports.

Education & Experience

• Bachelor’s degree in accounting or finance from a four-year college or university.
• 5+ years of experience as an Accountant in the property management Condo/Coop industry or is required.
• Condominium CAM Allocation and New Development knowledge/experience is preferred
• Preferred: CPA certification,…