Senior Property Accountant

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark. 

JOB DESCRIPTION:

Under direct supervision from the Assistant Controller/Manager, responsible for accounting duties of a complex nature in support of accounting functions for a portfolio of properties. Responsible for the preparation of monthly financial reporting including but not limited to; journal entry calculation and posting, accruals, balance sheet account analyses, and bank reconciliations. Interacts closely with internal and external clients responding timely and accurately to any inquiries. 

Newmark’s client accounting professionals provide services for a variety of investor and corporate properties, including high-end retail, commercial and industrial portfolios.

Benefits of working in Real Estate Accounting for Newmark include flexible work arrangements, including hybrid work schedule.  Annual department wide morale/recognition event and team building events, and a comprehensive benefits package.

ESSENTIAL DUTIES:

• Complete full-cycle accounting for a portfolio of commercial real estate properties.

• Responsible for the preparation of the daily, monthly, quarterly and annual financial/accounting activities and all financial statements and reporting.

• Provide a high level of customer service to the property managers and clients associated with your portfolio of properties.
• You will be part of the development of new process improvements and the ability to train new employees as needed, leveraging your advanced accounting skills. 

• Work closely with Controller/Assistant Controller on day-to-day functions.

• Mentor and develop newer accounting team members to ensure growth and cross training within the department.

• May be asked to review reports prepared by other property accountants to ensure accuracy and completeness.

• May Assist property managers with budget preparation. 

• May Assist property managers with CAM reconciliations or be responsible for completing the CAM reconciliations or calculating and posting monthly/quarterly CAM true-up entries

• Responsible for assisting with client audits by providing requested documents and answering questions.

• Responsible for providing internal audit samples for SOC1 audit

• Coordinates accounting matters with other departments, locations and divisions.

• Partners with property managers to ensure financials are accurate and delivered timely, directly impacting client satisfaction.
• Ensures all expenses, receipts, distributions, funding requests, and other accounting transactions for the period are accurately recorded.
• Reviews and audits financial information to ensure compliance with established procedures and accounting principles.
• Responds to and resolves issues and requests from property management teams and clients. Researches open accounting issues and recognizes potential issues and/or conflicts and implements solutions.
• May participate in budget and forecasting functions for assigned property portfolio.
• Participating in accounting consulting assignments for our clients and assists in the on-boarding and transition of prop