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Accounts Receivable Associate

Location: New York
Posted on: March 19, 2023

Job Description:

A&E Real Estate
A&E Real Estate was founded in 2011 to invest in multifamily properties in the New York City Metropolitan area with a focus on workforce housing. A&E acquires, operates, improves and manages the properties, and currently owns approximately 12,000 apartments in New York City.


Acount Receivable Associate Responsibilities:

  • -Resolve resident's inquiries related to billing and collections. Maintain a call log.
  • Monitor daily rent deposits. Review Credit Card, ACH, and Lockbox deposits. Scan resident's checks and coordinate data entry with our team in India. Control accuracy of payments applied.
  • Monitor, research, and finalize bank reconciliation for Rental cash accounts.
  • Responsible for revenue end of the month adjustments.
  • Resolve inquiries related to Revenue and Security Deposit liability for Asset Management, Accounting, Legal Department, India team, and auditors.
  • Coordinate resident's accounts adjustments with our Legal team, renewals, leasing, and maintenance teams.
  • Responsible for billing MCI rent increases and provide rent variances reports to Asset management.
  • Perform Arrears, Billing, and Collection analysis.
  • Ensure monthly over 90-day balances, and annual bad debt is maintained at an acceptable level. Track 90-day receivables to ensure all monies are collected on time.
  • Monitor changes in Section 8, SCRIE and DRIE rent share and update our records accordingly.
  • Maintain a close relationship with NYCHA Section 8, HPD Section 8, DHCR Section 8, DSS, SCRIE, DRIE, and independent housing programs. Resolve payment inquiries and pursue collections.
  • Coordinate with our maintenance team repairs for section 8 recipients to guarantee payments from government agencies.
  • Responsible for monthly billing of residential and commercial units. Coordinate the billing process with our team in India, ClickPay, and GSB.
  • Maintain a relationship with Capital One Bank, Signature Bank, Bank United, and M&T Bank. Coordinate with the bank the resolution of issues related to rental and security deposit bank accounts.

    Account Receivable Associate Requirements:

    • Bachelor's degree in Accounting preferred.
    • At least one year of experience in Accounts Receivable or Bookkeeping.
    • An excellent understanding of computer programs, such as Microsoft Word and Excel, as well as knowledge of general accounting theories and guidelines.
    • Strong familiarity with computerized accounting systems.
    • Ability to perform basic and higher mathematical calculations.
    • Ability to work as a team player and promote a cooperative work atmosphere.
    • Strong ability to communicate with diverse groups of customers, both verbally and in writing, in English and Spanish.


Keywords: A&E PROPERTIES II MGMT LLC, New York , Accounts Receivable Associate, Other , New York, New York

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