Senior Property Accountant

Acadia (NYSE:AKR) headquartered in Rye New York Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term profitable growth via its dual core and investment management platforms.

Our energized team is accomplishing this goal by building a best-in-class location-driven core real estate portfolio with meaningful concentrations of assets in the nations most dynamic urban and street-retail corridors including those in New York Chicago Los Angeles San Francisco Washington DC Dallas and Boston. At the same time we manage opportunistic and value-add investments through our investment management platform.

Acadia is currently seeking a Senior property accountant who has strong growth potential. This position will be responsible for various accounting/reporting functions for properties and entities as part of Acadias core portfolio opportunity fund platforms and investment management portfolio in accordance with GAAP policies.They will support a portfolio of commercial real estate properties and be responsible for a broad range of accounting and financial reporting activities.

Key Responsibilities include but are not limited to:

• Managing components of the quarterly and annual close and financial reporting cycles including preparation of balance sheets and income statements
• Preparing monthly and quarterly financial reporting packages for joint venture partners and lenders
• Preparing and posting monthly and quarterly journal entries including accruals amortizations and reclassifications
• Performing variance analysis versus budget and prior periods and providing explanations for key fluctuations
• Maintaining accurate general ledger and bookkeeping records including account reconciliations and transaction review
• Preparation of work papers to be used in conjunction with audits
• Preparation of footnotes and supporting schedules for quarterly and annual SEC filings
• Supporting accounting setup for property acquisitions and closeout activities for property dispositions such as transaction-level journal entries account setup and closeout procedures
• Assist with the integration of newly acquired properties and joint ventures including coordination with internal teams and third parties to ensure proper accounting and reporting
• Working collaboratively with internal teams to ensure accurate reporting and compliance with GAAP and internal controls
• Identify opportunities to improve accounting processes efficiency and accuracy

Qualifications

• Bachelors degree in Accounting and/or Finance
• 35 years of professional accounting experience
• Strong analytical skills with attention to detail
• Self-starter able to work independently manage priorities and meet deadlines in a fast-paced environment
• Strong technical aptitude including advanced Excel skills and the ability to leverage automation and AI tools to improve efficiency and reporting preferred
• Progress toward CPA certification is a plus
• Real estate experience required commercial experience strongly preferred
  

The base salary compensation range for this role reflects the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. Compensation decisions are dependent on the facts and circumstances of each individual. A reasonable estimate of the current base salary range for this position is $95000 to $115000.

Employees may also be eligible to participate in an annual discretionary bonus program subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance.

Acadia Realty is an Equal Opportunity Employer - M/F/Veteran/Disability