Senior Portfolio Accountant Real Estate
: Job Details :


Senior Portfolio Accountant Real Estate

HR Advantage, LLC

Location: Boston,MA, USA

Date: 2024-12-17T00:05:04Z

Job Description:
The position of Senior Portfolio Accountant reports to the Controller of Portfolio Accounting.Essential Duties and Responsibilities:
  • Review monthly and quarterly third-party property management reports to ensure compliance with GAAP and funds' policies, procedures, and guidelines.
  • Review and summarize variances between properties' actual results and their corresponding approved plans and/or pro forma purchase underwriting.
  • Confirm proper accrual accounting for expenses and their escalation and pass-through to tenants.
  • Prepare various quarterly analytical reports, budget variance narratives, and other support in connection with the focus meetings.
  • Provide ongoing support to the Asset Managers, Controller, Assistant Controller and Manager for assigned portfolios.
  • Act as a resource to third-party accountants in relevant accounting policies, procedures and systems including: cash collections and disbursements, accounts receivable monitoring, annual budget preparation, intercompany accounting and cash forecasting.
  • Assist in the ongoing support to our company in Los Angeles including:
  • Supply documentation to support quarterly and annual financial statements for investors and lenders.
  • Prepare loan draw and escrow release documentation.
  • Assist in the process of approved funding requests of monthly, emergency, and security deposit cash requirements between the property managers and Los Angeles.
  • Assist in the annual business planning, budgeting, and reforecasting processes for multiple portfolios.
  • Monitor REIT compliance and debt compliance at the property level.
  • Assist in the preparation of supporting schedules for state and federal tax returns.
  • Monitor appropriate real estate tax amounts funded to and disbursed from the properties' Operating Accounts seven days prior to their respective due dates.
  • Assist in the accounting for acquisitions and dispositions, and, along with the Asset Manager, coordinate the New Property Transition per Yardi process with the Property Manager.
  • Assist in the review of various functional areas in support of the property accounting for the Light Industrial Platform, as needed.Qualifications:
  • Bachelor's degree. Finance or accounting preferred.
  • Must have 4+ years of accounting experience, three years of which must include relevant property management or real estate accounting experience.
  • Significant experience with property management software. (Yardi preferred.)
  • Exceptional organizational skills, with the ability to multitask, prioritize, and meet and enforce established deadlines. Prior supervisory experience required.
  • Must take direction well, but work independently with strong attention to detail and follow through.
  • Strong analytical, communication, and interpersonal skills. #J-18808-Ljbffr
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