Senior Property Accountant - Condominium
New York, NY
Finance – Flow Finance /
Salaried, full-time /
On-site
About the Company
Flow aims to create a superior living environment that enhances the lives of our residents and communities by developing, acquiring, owning, and managing multifamily apartment buildings and the services and technology inside those buildings.
Fulfilling our mission will require an exceptional group of people whose collective output is greater than the sum of its individual parts. Our team members are energized by the opportunity to impact our residents’ lives in meaningful ways. They are bold and creatively ambitious, driven by relentlessly high standards, act with a sense of urgency and accountability, and always, above all, operate with integrity, loyalty, and trust.
About the Role
The Senior Property Accountant will support the preparation of monthly and year-to-date property financial statements, including profit & loss, balance sheets, budget variance analysis, and bank account reconciliations. This position will collaborate with property managers, regional managers, asset managers, and acquisition teams to ensure accounting information aligns with company policies and accurately reflects property activity. The ideal candidate will also bring demonstrated experience with condominium financial operations, including reserve fund accounting, board reporting, common area maintenance (CAM) reconciliations, and homeowner association (HOA) budgeting.
Responsibilities:
- Perform monthly and periodic cash reconciliations on all bank accounts, including operating, tenant security deposit, reserve fund, and escrow accounts
- Prepare and review monthly financial statements for residential, commercial, and condominium properties, including income statements, balance sheets, and variance analysis
- Review monthly receipts for residential and commercial tenants as well as condo owners' maintenance fees and special assessments, resolving any discrepancies with Property Controllers and on-site personnel
- Audit the billing process for tenants and condo unit owners to ensure accuracy in charges such as maintenance fees, utility allocations, and capital project contributions
- Collaborate with on-site leasing and condo management teams to facilitate delinquent accounts into collections, monitor collection agency progress, and write off uncollectible charges
- Assist the accounts payable department by ensuring proper classification of operating and common area expenditures and conducting audits for reclassification when necessary
- Reconcile and track reserve fund contributions, expenditures, and compliance with local and board-mandated policies
- Coordinate with the Director of Payroll on payroll allocations, including commission payments, general ledger coding, and reimbursement workflows for properties and condo associations
- Compile documentation for condo board reports, including annual budgets, audited financial statements, and tax filings
- Provide support for annual audits and tax return preparation for both operating entities and condominium corporations, including collaboration with external auditors
- Maintain accurate records and schedules for fixed assets and capital improvements in condo common areas
- Identify and resolve discrepancies in property-level reporting across all ownership types
- Undertake special projects, financial modeling, and ad hoc analysis requests from management, including those related to HOA governance, capital planning, and cost recovery models
Ideal Background
- Bachelor's degree in Accounting/Finance or equivalent experience required
- 3–5 years of experience in property management accounting, with direct experience in condominium association or HOA financial management
- Familiarity with condominium reserve fund planning, board financial reporting, and audit preparation for condo corporations
- Extensive experience with Yardi and strong understanding of CAM reconciliations
- Experience with financial software and large data sets
- Strong organizational skills and exceptional attention to detail
- Proficiency with Google Workspace and Microsoft Office (Excel, Word)
$100,000 - $125,000 a year
Benefits
• Comprehensive benefits package (Medical / Dental / Vision / Disability / Life)
• Paid time off and 13 paid holidays
• 401(k) retirement plan
• Healthcare and Dependent Care Flexible Spending Accounts (FSAs)
• Access to HSA-compatible plans
• Pre-tax commuter benefits
• Employee Assistance Program (EAP), free therapy through SpringHealth, acupuncture, and other wellness offerings
Flow is proud to be an equal opportunity workplace and hires regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity and/or expression, pregnancy, Veteran status any other characteristic protected by federal, state or local law. In addition, we provide reasonable accommodation for qualified individuals with disabilities.
