Real Estate Accountant
The Dermot Company, a New York and Florida-based real estate developer and operator, is seeking a full-time Real Estate Accountant. Reporting to the Accounting Manager, the accountant will be responsible for all aspects of accounting for an assigned portfolio of 3-6 luxury multifamily assets.
This is a hybrid position.
ABOUT US
The Dermot Company, LP, is a fully integrated real estate enterprise with over 30 years of experience, nearly $5 billion in assets, and over 7,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and Florida. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.
ABOUT THIS ROLE
- Receive training, mentorship and guidance from senior members of the accounting team and have opportunities to interact and contribute with members of the other (Operational and Investment) departments
- Complete monthly financial procedures for an assigned portfolio of Dermot properties, including bank reconciliations, prepare accrual & prepaid schedules & other balance sheet accounts and schedules, prepare income to budget variance analysis, explain financial results and accounting needs and concepts to non-accountants, prepare reporting packages
- Oversee and maintain assigned properties’ books on an ongoing basis working alongside onsite teams; review and approve invoice registers, make timely debt payments, and maintain accurate resident reports/schedules
- Prepare quarterly and annual financial reporting to fulfill and maintain loan compliance requirements
- Assist with operational budgeting, cash forecasting and analysis
- Collaborate cross-functionally; provide guidance and support to onsite property managers, AP/AR, and Investment Teams on financial reporting matters
- Assist with audits and tax return filing processes by producing accurate financial records and be a resource for internal and external stakeholders
- Suggest and implement improvements to current accounting and finance processes and procedures
- Understand GAAP principles and accounting in the real estate industry
- Manage ad hoc projects as needed
ABOUT YOU AND WHAT YOU OFFER
- Bachelor’s degree in accounting or related field
- 0-2 years of relevant accounting experience preferred
- Some knowledge/exposure of the real estate industry
- Knowledge of GAAP principles
- Proficiency in general accounting and budgeting and cash flow concepts
- Interest in a preparation role, handling bank reconciliations and detailed matters
- Exceptional communication, interpersonal, collaboration, presentation, and organization skills
- A strong professional work ethic and commitment to meet deadlines
- Displayed successful career development during college (a relevant internship or employment)
- Must be authorized to work in the United States for any employer without restrictions
ABOUT OUR CULTURE, SALARY & BENEFITS
Our team is the most valuable asset we have. The individual life experiences, knowledge, creativity, skills, self-expression, unique capabilities, cultural influences, and talent that our team members share at Dermot collectively contribute to Dermot's culture and success.
Dermot offers a total rewards package which includes base compensation, bonus potential, comprehensive healthcare coverage where the employee-only base plans are funded by Dermot, retirement with match, wellness offerings, employee assistance programs, tuition stipend, parental leave, paid time off, life insurance, long-term disability coverage and more! Dermot also supports its team members with learning and development opportunities and encourages wellness.
The annualized gross compensation range for this position is $65,000-80,000 plus a performance-based bonus incentive. The actual compensation within the range will be based on factors unique to each candidate including geographic location, years and depth of experience.
Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness, and curiosity. Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, veteran status, or any other characteristics protected by federal, state, and local laws. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.