Finance Associate

Job Description

A boutique property management company based in Brooklyn, NY is looking for a detail-oriented and organized Finance Associate to support the financial operations of the company. This role involves handling various financial tasks, including reconciliations, bank dealings, and addressing client-related issues. The Finance Associate will be responsible for ensuring accurate financial records, maintaining compliance, and supporting the property management team in achieving financial efficiency.

Responsibilities:

• Reconciliations:
  • Perform monthly bank and account reconciliations to ensure financial accuracy.
  • Reconcile tenant accounts and resolve discrepancies.
• Banking and Mortgage Management:
  • Manage relationships with banks, addressing banking-related matters such as account updates and transaction inquiries.
  • Handle all aspects of mortgage management, including oversight of 70 active mortgages.
• Client Support:
  • Address and resolve financial client issues, ensuring timely and effective communication.
  • Collaborate with property managers to resolve tenant-related billing or financial concerns.
• Accounts Management:
  • Oversee accounts payable processes, including delegating and ensuring timely cutting of checks.
  • Maintain records in RentManager, ensuring accuracy in rent billing and collections.
• Reporting and Analysis:
  • Assist in preparing financial reports, including cash flow and budget analyses.
  • Utilize Excel for data organization, analysis, and reporting (Excel proficiency is a plus).
• Compliance and Recordkeeping:
  • Ensure compliance with financial policies and procedures.
  • Maintain accurate documentation for audits and internal reviews.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 2+ years of experience in finance or accounting, preferably in property management or real estate.
• Familiarity with property management software, especially RentManager.
• Knowledge of banking processes and mortgage management.
• Strong analytical skills and attention to detail.
• Excellent organizational and communication skills.
• Proficiency in Excel is highly desirable.