Sr. Multifamily Property Accountant

COMPANY SUMMARY Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observation Deck. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2026, ESRT’s portfolio is comprised of approximately 7.5 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X and LinkedIn. The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT values continuous employee development and encourages colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision. 

POSITION SUMMARY

The Sr. Multifamily Property Accountant will support the accounting and financial reporting functions for the multifamily residential portfolio. This role will report to the Multifamily Accounting Manager and is responsible for the full-cycle property accounting process, including month-end close, financial reporting, account reconciliations, budgeting support, lender reporting, and audit preparation.

The ideal candidate will possess strong technical accounting knowledge, a collaborative approach to working with property management teams, and the ability to analyze financial results to ensure the accuracy and integrity of property-level financial reporting. This position plays a key role in maintaining compliance with company policies, lender requirements, and regulatory reporting obligations while contributing to process improvements and special projects across the multifamily portfolio.

RESPONSIBILITIES

• Responsible for month-end close/reconciliation of Accounts Receivable, Accounts Payable and other sub-ledgers
• Review expense coding and amounts to determine accuracy and provide guidance to property management
• Prepare monthly internal/external reports
• Create and determine correct monthly journal entries including period-end accruals and reserves
• Review management operating expense/contract accruals and provide guidance when necessary
• Prepare utility accruals (determine method and provide support calculations)
• Meet with property managers to discuss and determine proper accounting treatments for operating activities and fixed assets
• Calculate bad debt provisions and determine if adjustment is necessary for month-end close
• Calculate and prepare proper intercompany transfers of funds
• Perform account reconciliations, roll forwards, and prepare supporting schedules
• Confirm expenditures are accurately expensed or capitalized per ESRT’s policy
• Complete monthly bank reconciliations
• Record mortgage payment including interest rate swap activity and confirm escrow account balances on trial balance tie to lender’s activity
• Review cash balances and cash needs for the applicable property to fund, as needed, operating expenses, construction projects, and mortgage payments
• Provide support/explanations for annual property audits
• Prepare annual governmental filings, including the TC201 and RPIE
• Assist in various quarterly ESRT consolidated reporting functions, including answering variance questions and verifying fixed asset additions and disposals
• Assist in the preparation of draw requests for submission to lender
• Prepare reporting packages to comply with lender reporting requirements
• Review annual budgets from an accounting perspective, including ensuring expenditures are coded to the correct G/L and comparing budget to historical
• Provide support for sales tax audits
• Assist with properties outside of the REIT that ESRT manages
• Lead and participate with ad-hoc projects

WHAT SUCCESS LOOKS LIKE

• Timely close of monthly books and taking ownership over your workpapers
• Build and maintain relationships with property managers
• Develop full understanding of performance of assigned properties, including non- financial aspects
• Provide recommendations to address accounting issues at property

REQUIRED SKILLS / ABILITIES

• Proficient in accounting systems, Yardi Systems is a plus
• Proficient in Microsoft Office, with strong skills in Excel
• Strong communication skills
• Strong analytical skills
• Certifications such as CPA or CMA a plus

EDUCATION & EXPERIENCE

• BA/BS degree in Accounting
• Minimum of four years accounting experience; public accounting preferred
• Real estate experience; multifamily experience is preferred

PHYSICAL REQUIREMENTS

• Prolonged periods of sitting at a desk and working on a computer
• Must be able to lift up to 15 pounds at times

WHAT YOU CAN EXPECT

At ESRT, like our tenants, our employees come from everywhere. We foster a collaborative work environment that captures top talent and cultivates the best ideas. As a Great Place to Work® Certified employer, we are committed to maintaining our positive work culture where employees are engaged and can grow and develop. In addition, ESRT employees embody our Company Culture & Success Factors -

Adaptable – you are a self-starter who’s able to quickly digest and execute new processes to work both collaboratively and independently

Dynamic – you are solutions-oriented, aim to improve processes and implement efficiency, and offer insightful feedback to improve ESRT

Dependable – you take a strong sense of ownership and accountability over your work

Passionate – you keep up with industry trends and are excited about the potential to propel the industry forward with a “roll-up-your-sleeves” attitude

Curious – you consistently look for new ways to work smarter, not just harder

Ethical – you treat others with respect, act with integrity in how you perform your work, and embrace our collaborative culture

Positive – you possess a service-oriented attitude with excellent follow through

BENEFITS

Competitive base salary and bonus

Health/Dental/Vision insurance

Company sponsored Life, AD&D, STD (with Salary Continuation), and LTD Insurance

Voluntary Enhanced LTD Program

Voluntary Hospital, Accident, and Cancer Programs

401(k) with 100% match up to 5%

Paid parental leave

Pre-tax transit accounts

Employee Assistance Program for emotional, financial, and legal support

WELL-BEING

Generous paid time off

Flex remote work time

Flex Summer Fridays

Employee engagement programs

Volunteer time off

Continuing education

Complimentary Empire State Building Observation Deck access

Complimentary gym membership and other wellness benefits

Employee Discount Programs

ESRT is an equal opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate the unique differences of our employees because they drive curiosity, innovation, and the success of our business. We do not discriminate based on race, religion, color, creed, national origin, sex, sexual orientation, gender identity or expression, reproductive choices, age, marital status, veteran status, disability status, pregnancy, parental status, caregiver status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. This policy applies to all aspects of employment, including hiring, promotion, demotion, compensation, training, working conditions, transfer, job assignments, benefits, layoff, and termination. Reasonable accommodations that do not create an undue hardship for the Company are available for applicants and employees with disabilities or sincerely held religious beliefs.