Multifamily Financial Manager

New York, NY$120K - $140K / yearPosted 1 weeks ago

Full-timeonsitemid

Job Description

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Overview

We are seeking a proactive and detail-oriented Multifamily Financial Manager with hands-on property management experience to assist in overseeing the financial performance of a portfolio of multifamily assets. This role is responsible for coordination and oversight of monthly financial reporting, budgeting, forecasting, and performance analysis, and serves as a key partner to on-site operations teams and senior leadership. The ideal candidate brings a strong understanding of accrual-based accounting, property-level operations, and asset performance optimization.

Key Responsibilities

Review and analyze monthly accrual-based financial statements for assigned properties
Support and participate in the month-end close process, including accruals, reclasses, and ensuring timely, accurate reporting
Identify discrepancies, inconsistencies, and trends; escalate to the Director as necessary and partner with accounting and operations to resolve issues
Work with on-site teams to ensure financial reports are complete, accurate, and delivered on schedule
Assist in preparation and delivery of monthly variance analyses, partnering with leadership and on-site teams to provide clear explanations
Monitor key performance indicators including expenses, and collections
Track performance against budgets and forecasts, identifying risks and opportunities for improvement and partner with Director to create action plans
Assist in coordinating and overseeing the annual budgeting process, including development of detailed assumptions at the line-item level
Lead ongoing forecasting and reforecast cycles in collaboration with operations and Director
Work with on-site teams to maintain alignment between budgets, forecasts, and actual performance
Perform regular cash flow analysis to anticipate funding needs and support decision-making
Participate in invoice coding and approval workflows to ensure expenses align with budgets
Initiate and track wire transfers in compliance with internal controls
Maintain a strong understanding of property operations to ensure accurate financial interpretation
Conduct ad hoc financial analyses related to property performance, expense management, and capital planning
Maintain organized reporting tools, and supporting documentation
Identify opportunities to enhance financial performance, improve efficiencies, and mitigate risk across the portfolio.
Must be present with the ability to move throughout our corporate office to address property and portfolio financial related matters, ensuring effective communication with staff and vendors.
Position may be required to perform duties outside their normal responsibilities as needed.

Qualifications

Bachelor’s degree in Finance, Accounting, Real Estate, or a related field
2+ years of experience in multifamily financial management or asset management
Prior on-site property management experience required
Strong knowledge of accrual-based accounting, budgeting, forecasting, and variance analysis
Advanced proficiency in Microsoft Excel, including financial modeling and data analysis
Experience with property management/accounting systems such as Yardi, MRI, RealPage, or similar
Strong analytical, organizational, and problem-solving skills with high attention to detail
Effective communication skills with the ability to collaborate across corporate and on-site teams
Ability to manage multiple priorities, meet deadlines, and handle confidential information with discretion
Work authorization (required)