JOB DESCRIPTION

Senior Real Estate Accountant- Housing And Transportation Administration-Corporate 42nd Street- Full-Time -Days

The Senior Accountant handles Accounting, Budgeting, Financial Reporting, Regulatory Reporting, Financial Lease Administration & Desktop Lease Audit, Utility Accounts Management and Special Projects. This position provides support to the RES Department in ensuring that the financial reporting, regulatory filing, billing and collection of lease revenue and expenses as well as utility payments and audit are processed timely in 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. Additionally, the Senior Accountant also processes new vendors and contract orders/purchase orders in Sinai Central as well as maintains Lease Databases, conducts lease audits of assigned properties and maintains adequate records of utility accounts, open/close utility accounts for incoming and outgoing leases as well as analysis of utility accounts.

RESPONSIBILITIES

Utility Account Analysis/ Payment Processing/ Accounting

• Reviews monthly and bi-monthly utility bills and other related bills and notices including final bills, past due notices, warning notices and shut-offs. Processes new or cancelled accounts, meter changes, or other similar utility billing activities as required.

• Serves as key liaison with outside billing vendors to ensure that billings are accurate and are processed expeditiously for all MSBI/MSSL/MSW facilities.

• Researches, interprets and analyzes account history to resolve billing questions on meter readings. Resolves problems requiring immediate attention and verifies that underlying systematic or process issues have been addressed.

• Processes utility payments in Oracle.

• Coordinates with AP Department timely release of payment to avoid late fees charged by vendors.

• Analyzes accounts with late fee

• Ensures proper recording and allocation of utility expenses to correct cost centers.

• Assist in the preparation or prepares detailed analyses and statistical information of accounts payable for utility related general ledger accounts.

Accounting and Financial Reporting

• Assist in the 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).

• Assist in preparation of RES Financial Reports.

• Provide backup support as needed to fulfill primary accounting and reporting responsibilities due to heavy work load, deadline and transition times.

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

• Revenue Billing and Collection

• Prepare billings and monitor collection of Rent Revenue.

• Interface with Tenants for issues resolutions relating to billing and collection functions.

• Maintain accurate and up to date Tenant ledgers

• 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.

Budgeting

• Assist in the annual RES budget – Revenue and Expense and Projected Profit and & Statements.

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

Financial Audit

• Support General Accounting/Finance Department in preparing reports/schedules/ analyses as required by the Auditors

Regulatory Reporting

• Assist in 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.

• 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.

Special Projects

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

Other duties as assigned

QUALIFICATIONS

• 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 - BI, Mount Sinai Beth Israel

ABOUT US

Strength Through Diversity

The Mount Sinai Health System believes that diversity, equity, and inclusion are key drivers for excellence. We share a common devotion to delivering exceptional patient care. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education, and advancement as we revolutionize medicine together. We invite you to participate actively as a part of the Mount Sinai Health System team by:

• Using a lens of equity in all aspects of patient care delivery, education, and research to promote policies and practices to allow opportunities for all to thrive and reach their potential.

• Serving as a role model confronting racist, sexist, or other inappropriate actions by speaking up, challenging exclusionary organizational practices, and standing side-by-side in support of colleagues who experience discrimination.

• Inspiring and fostering an environment of anti-racist behaviors among and between departments and co-workers.

At Mount Sinai, our leaders strive to learn, empower others, and embrace change to further advance equity and improve the well-being of staff, patients, and the organization. We expect our leaders to embrace anti-racism, create a collaborative and respectful environment, and constructively disrupt the status quo to improve the system and enhance care for our patients. We work hard to create an inclusive, welcoming and nurturing work environment where all feel they are valued, belong and are able to advance professionally.

Explore more about this opportunity and how you can help us write a new chapter in our history!

“About the Mount Sinai Health System:

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 43,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time — discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients’ medical and emotional needs at the center of all treatment. The Health System includes approximately 7,400 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics and top 20 in Cardiology/Heart Surgery, Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report’s “Best Children’s Hospitals” ranks Mount Sinai Kravis Children's Hospital among the country’s best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 14 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek’s “The World’s Best Smart Hospitals” ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.

The Mount Sinai Health System is an equal opportunity employer. We comply with applicable Federal civil rights laws and does not discriminate, exclude, or treat people differently on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, or gender expression. We are passionately committed to addressing racism and its effects on our faculty, staff, students, trainees, patients, visitors, and the communities we serve. Our goal is for Mount Sinai to become an anti-racist health care and learning institution that intentionally addresses structural racism.”

EOE Minorities/Women/Disabled/Veterans

Requisition ID : 3016033