Property Accountant

Knightsbridge Properties is a privately owned real estate investment, development and management firm with interests in New York and Europe.

Knightsbridge Properties seeks to attract and retain highly qualified professionals. Applicants must demonstrate a strong work ethic as well as expertise in one or more of the following areas: Acquisitions, Development, Design, Construction, Marketing, Leasing, Property Management, Finance, Accounting and Administration. We invite qualified applicants to submit their resume and a cover letter with a brief description of the career path they are pursuing, as well as the area or position that interests them.

Essential Duties and Responsibilities:

• This position is responsible for all aspects of property accounting for our residential and commercial building portfolio.

Property Management Accounting:

Manage all aspects of property accounting to ensure timely and accurate payment processing to all service providers.

• Processing of recurring utility and service invoices on a timely basis.
• Processing of maintenance and repair invoices.
• Managing implementation of service agreement payments.
• Processing of real estate tax payments.
• Processing of commercial property insurance payments.
• Perform journal entry recording for wire transfers, tenant security deposits, and collections.
• Manage the billing of commercial and residential rent.
• Manage accounts receivable for tenant rent payments and other monthly tenant billing, and late fees as applicable.
• Analysis of Accounts Receivable and rent roll for each property.
• Calculate and implement monthly management fees, as applicable.
• Prepare escalation statements, and annual escalation reconciliations for operating expenses, real estate taxes, and common area utilities and other charges.
• Assist in budgeting, forecasting, reconciliations, and cash management for each property.
• Calculate real estate tax, operating expense, and common area utilities escalations.
• Prepare and review bank reconciliations in Yardi.
• Research and correct account discrepancies.
• Processing of administrative expenses, operating expenses, and employee reimbursements.
• Prepare the escrow disbursement for tenant rollover, replacement and repair, and capital reserve account.
• Maintain the General Ledger chart of accounts.
• Make journal entries as needed.
• Additional duties as assigned by Controller.

Education and Experience Requirements:

• 4 year Bachelor’s Degree in Accounting or Finance.
• 5 years of experience in Real Estate and Property Management Accounting.

Knowledge and Skills Required Include:

• Strong written and verbal communication skills.
• Excellent analytical and quantitative skills.
• Superior time-management skills.
• Strong spirit of teamwork.
• Highly organized with developed and practiced attention to detail.
• Superior ability to track and meet deadlines.
• High level of computer skills, including extensive experience with Yardi accounting system and Excel, and solid knowledge of Microsoft Outlook and Word.
• Ability to take initiative and work independently.
• Aptitude to make clear and concise decisions and follow through on a timely basis.
• Strong work ethic.
• Ability to work well under pressure in a fast-paced environment.