Financial Analyst

FirstService Residential
New York
20 Oct 2019
23 Oct 2019
Contract type
Full time

Position Description

Do you aim high? Are you genuinely helpful? Are you looking for a place where you can make a difference, receive ongoing support and training, and build a rewarding, long–lasting career? Then you may be a good fit for FirstService Residential, North America's foremost property management firm. We're all about our associates, and as we continue to grow, we're looking for even more quality people who share our dedication to doing what's right, improving residents' quality of life, building great relationships and truly making a difference for their clients, their colleagues and themselves. Is that you? If so, we think you should get to know us. We are seeking a Financial Analyst to join our Condominium and Cooperative Division! Job Responsibilities include, but are not limited to the following:
  • Manage and prepare monthly bank reconciliations for the assigned portfolio of buildings while also posting the interest on the buildings' reserve accounts.
  • Responsible for input of all general ledger journal entries such as bank transfer, interest income, expense reclassifications, reserve contributions, etc.
  • Prepare and present monthly financial statements and make any necessary financial adjustments that is deemed necessary while also preparing the monthly financial packages, including a table of contents and any other special reports as requested.
  • Review the actual to budget performance variances and record the cash transfers that need to occur between entities.
  • Create and maintain the necessary reclassification of journal entries.
  • Prepare the monthly accounts payable cash management sheets in order to help the property managers properly manage the buildings' cash flows.
  • Ensure that the real estate taxes on each building are paid accordingly in the appropriate period and that enough funds are escrowed in order to make the necessary transfers.
  • Oversee of all the annual budgets including, preparation of the budget packages, obtain pre–budget and post–budget check lists from the property managers, prepare the budgets no later than the assigned deadline dates, and presentation of the budgets at the annual board meetings for each building.
  • Perform the necessary month–end duties such as:

  • Record the cash transfers that need to occur between all entities.
  • Initiate transfers of the capital contribution receipts to each of the segregated savings accounts.
  • Level the assessment of the budget transfers.
  • Maintain and update accurate accounting of the refundable deposits.
  • Perform the necessary year–end duties such as:

  • Year–end close on each of the buildings' financial accounts and include the annual reports in the year–end financials.Produce the year–end refundable deposit schedule based upon the request from the auditor as needed while also overseeing the annual audit process for the entire portfolio including accommodating the auditor's needs and requests in a timely manner.
  • Analysis of the reserve funding statuses based on the request from the Property Manager on each building in the portfolio.
  • Reallocate the reserves as per the Board approved reserve study.
  • Knowledge, Skills & Proficiencies:
  • Bachelor's degree in Accounting or Finance from a four–year college or university, CPA certification, MBA or related work experience is preferred. Five (5) plus years of experience as an Accountant in the property management industry or real estate fields a plus, residential management is preferred.

    Knowledge of assets, cash balance, and availability of funds for projects and cash flow management for capital improvements.
  • Excellent organization, motivation, leadership, management and interpersonal skills.
  • Critical thinking, complex problem solving, judgment and decision making ability.
  • Strong verbal, presentation, and written communication skills. Ability to communicate and provide guidance to all employee and client levels.
  • Must have strong proficiency in Windows and Microsoft Office, including but not limited to Word, Excel, Power Point and Outlook. Proficiency researching the Internet. Previous experience with financial and accounting programs such as BJ Murray and/or Yardi is a plus.
  • Must be able to keep up in a fast–paced, ever changing environment while maintaining a cool, calm, and collected attitude.
  • Ability to work well in a team environment as well as independently. Must be self–driven with the ability to identify, plan and prioritize projects and assignments and be able to hit important deadlines.
  • Knowledge of mechanical operations of a building and equipment preferred.
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