Portfolio Accountant – Boston – Real Estate PE
One of the largest and most experienced real estate investment management firms in the United States with over $39.0 billion of real estate is looking to hire a Portfolio Accountant to their growing team. The Portfolio Accountant will report directly to the Controllers of the assigned Funds and/or Separate Accounts and will be responsible for assisting in the monthly, quarterly and annual financial close process.
Primary Responsibilities:
- Monitor/review monthly financial reports prepared by third party property managers for assigned real estate assets, including:
- Oversee third-party property managers
- Provide guidance on the firms accounting practices and ensure compliance
- Review of financial performance (budget v. actual)
- Evaluate the fluctuation in NOI
- Review of outstanding tenant receivables
- Review of capital transactions
- Meet periodically with Asset Managers to review property and management company performance
- Complete periodic desktop audits and communicate results to Asset Managers, including:
- Recovery income audits
- Lease administration audits
- Real estate tax audits
- Property management expense audits
- Complete quarterly and annual financial close, including:
- Assist with the preparation of financial statements and underlying schedules
- Prepare quarterly debt covenants
- Prepare quarterly consultant/investor reports
- Coordinate with external audit and tax team on required deliverables
- Calculate monthly management fees and prepare forecasts
- Prepare investment acquisition and disposition entries
- Ad hoc projects and requests as needed
Minimum Qualifications:
-
BS in Accounting REQUIRED
-
1-3 years accounting experience REQUIRED
-
Public Accounting & Real Estate Accounting experience PREFERRED
This role is a full-time hybrid opportunity (3 days in 2 at home) that will offer a up to 100K base, bonus, and great benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com
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