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 Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2025, ESRT’s portfolio is comprised of approximately 7.9 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.
POSITION SUMMARY
The Multifamily Accounting Manager is responsible for overseeing the accounting and financial reporting of each property within ESRT’s multifamily property portfolio. This person will also be an instrumental person in shaping our accounting processes as we further build out our multifamily platform. This position requires a self-starter with strong analytical skills, relevant multifamily accounting experience, and the ability to work well within multiple teams. A successful candidate will have recent work experience as a manager in multifamily and NYC affordable housing and this position will report to Controller, Multifamily and Managed Assets.
RESPONSIBILITIES
- Oversee and review the monthly reporting process and the packages submitted by the property accountants for the multifamily properties, including the following (while the Multifamily Accounting Manager will, for the most part, be reviewing information and schedules prepared by the property accountants, where applicable, the Multifamily Accounting Manager may be the preparer of certain schedules and reports)
- Supervise property accountants and provide leadership, coaching, and review work performed
- Assist property accountants in close procedures and other time sensitive tasks as required
- Integrate with property management to ensure they have access to timely and accurate information while also coaching the property management team to utilize Yardi and related systems in a way which allows efficient processing by the property accounting team
- Analyze closing workpapers to validate trial balance support and accuracy
- Evaluate variance reporting packages and identify key drivers and discrepancies
- Oversee account reconciliations, roll forwards, and supporting schedules to ensure completeness and accuracy
- Approve and provide oversight of monthly journal entries, including period-end accruals and reversals
- Validate operating expense, contract, and utility accrual calculations
- Monitor and reconcile security deposit activity
- Ensure proper expense coding and accurate recording of transactions
- Prepare certain quarterly reporting schedules and deliverables
- Review and approve invoices and corresponding G/L coding
- Identify issues, trends, bottlenecks, and efficiency opportunities; recommend and implement process improvements
- Seek out inconsistencies and standardize best practices across portfolio
- Challenge status quo of work performed and strive to concentrate team’s time on most value-add activities
- Oversee and provide support schedules and documents for internal and external audits and for annual preparation of the TC201s and RPIEs
- Assist with the annual budget preparation
- Develop a complete understanding of Yardi software (Voyager and Rent Café) and other residential software
- Lead accounting transition and implementation for any multifamily assets we may acquire and serve as the property accountant for such properties until a multifamily property accountant is assigned or hired
- Coordinate with HR on hiring process and related decisions to build out our multifamily accounting support team
- Ensure internal controls are being adhered to and provide recommendations on improvements
- Complete ad hoc projects
- Assist in the review of financial reporting on assets excluded from the REIT portfolio
WHAT SUCCESS LOOKS LIKE
- Lead, train, and develop the property accounting team to drive performance and accountability
- Demonstrate a commitment to excellence by delivering high-quality work and meeting all monthly and quarterly close deadlines, scheduled deliverables, and project milestones
- Serve as a reliable and trusted leader within the accounting department and a dependable partner to cross-functional teams
- Exhibit a thorough understanding of multifamily and affordable housing accounting processes and internal controls
- Build and maintain strong cross-functional relationships while effectively communicating (oral and written) with the Controller, Multifamily and Managed Assets and VP, Head of Property Accounting and other multidisciplinary teams including Property Management, Asset Management, Design and Construction, ESG, Marketing, IT, Legal, and internal and external auditors
REQUIRED SKILLS / ABILITIES
- Excellent management and supervisory skills
- Proficient in accounting systems, Yardi Systems is a plus
- Proficient in Microsoft Office, with strong skills in Excel
- Strong analytical and communication skills (oral and written)
- Detailed-oriented
- Must be comfortable working autonomously and multi-tasking in a fast-paced environment and be highly conscientious of deadlines
EDUCATION & EXPERIENCE
- BA/BS degree in Accounting
- Minimum of 6+ years multifamily accounting experience
- Minimum of 3+ years of managerial or supervisory experience
- Real estate experience: multifamily experience is required
- Certifications such as CPA or CMA is a plus
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 Observatory access
- Complimentary gym membership and other wellness benefits
- Employee Discount Programs
$125,000 - $135,000 a year
Salary is based on several factors including but not limited to education, work experience, job location, size of property where applicable, and/or certifications. In addition to your base salary, ESRT provides discretionary annual bonuses.
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.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
