Senior Real Estate Accountant-Housing And Transportation Administration-Mount Sinai Health System-Hy

Position Title:

Senior Real Estate Accountant-Housing And Transportation Administration-Mount Sinai Health System-Hybrid-Full Time-Days

Position Summary:

The Senior Accountant handles Accounting, Budgeting, Financial Reporting, Regulatory Reporting, Financial Lease Administration), Auditing and Special Projects. This position provides support to RES Department in ensuring that the financial reporting, regulatory filing, billing and collection of lease revenue are processed timely meeting MSHS systems and control standards in financial reporting. This position also assists in budget analysis, financial reporting and in complying with regulatory reporting requirements with NYC Finance. This position is the contact person in meeting Auditors audit requests and requirements. Additionally, the Senior Accountant also processes new vendors and contract orders/purchase orders in Sinai Central and the timely payments of MSH/ICAHN leases as well as maintain Lease Databases and conducts lease audits of assigned properties.

1.Accounting and Financial Reporting

A) Review month end and year end close of RES transactions in coordination with General Accounting Department (including journal entry preparation and review, account reconciliation preparation of account schedules and analyses).

B) Prepare RES Financial Reports.

C) Provide backup support as needed to fulfill primary accounting and reporting responsibilities due to heavy workload, deadline and transition times.

2.Lease Administration

Payment Processing: 

• Process MSH/ICAHN leases from setting up new landlord for vendor credentialing, up to the releasing of payments to landlords/vendors and monitoring lease payments.
• Review lease invoices to determine propriety of payments and accounting treatment. 
• Assist in maintaining the Visual Lease and maintain an accurate and up to date Lease Databases as well as conduct desk audit of leases

A) Revenue Billing and Collection: 

• Prepare billings and monitor collection of Rent Revenue for MSHS Tenants. 
• Interface with Tenants for issues resolutions relating to billing and collection functions. 
• Maintain accurate and up to date Tenant ledgers

B) Lease Audit: 

• Perform periodic landlord statements reconciliation of rent, real estate tax calculations, CAM and OPEX charges, review propriety of escalation charges and communicate, follow-up and resolve with landlord errors and discrepancies identified in the process. 
• Execute desktop audit strategies which include identifying focus areas that will maximize recoveries and partnering with acquisitions and disposition group to ensure audit findings are incorporated in future lease negotiations. 
• Perform in-house full lease audit or in coordination with outsourced auditors as deemed necessary.

3.Budgeting

A) Prepare annual RES budget Revenue and Expense and Projected Profit and & Statements.

B) Perform Budget Variance Analysis for all RES assigned cost centers and track financial and operating performance.

4.Financial Audit

A) Work closely with Auditors in meeting their audit requirement during interim and year end audits. Support General Accounting/Finance Department in preparing reports/schedules/ analyses as required by the Auditors

5.Regulatory Reporting

A) Prepare regulatory reporting requirement for Not-for-Profit Renewals and RPIE filings, conduct accurate and timely online filing of required reports as well as monitor the filed reports.

B) Provide support to External Auditors in auditing Tax Certiorari Reports by preparing the required analysis/schedules and completing the Tax Certiorari. Coordinate with External Legal Counsel for its filing.

6.Third Party Management Company Oversight

A) Manage/Interface with Third Party Management Company (Rose Associates) with the accounting operations of MSHS/MSSL/MSW residential properties.

B) Review monthly reports of Rose Associates (i.e. journal entries, bank reconciliations, Accounts Receivable and Security Deposits Reconciliations).

7.Staff Supervision / Performance Evaluations / Special Projects

A) Train, coach, prioritize workflows and review day-to day work of Staff/Lease Accountants. Provide performance feedback of Staff/Lease Accountants and perform their annual staff evaluation.

B) Support the RES Department on Special Projects and Financial Due Diligence.

• Bachelors Degree in Accounting required.
• 5 years minimum accounting experience in financial reporting with knowledge of Real Estate Accounting (CPA preferred)

Non-Bargaining Unit, B2J - Housing And Transportation Administration -