Portfolio Accountant

Description

Job Summary:

The Portfolio Accountant is responsible for accurately preparing and maintaining financial information for a wide-ranging portfolio of commercial and multifamily real estate properties with primary focus being commercial properties.

Job Duties and Responsibilities:

• Coordinate with internal asset managers and external property managers to ensure appropriate accounting books and records are maintained.
• Assist in the month-end close process, which includes preparing, entering, and uploading general ledger journal entries, preparing and posting insurance and real estate tax expense journal entries on an accrual basis, recording fixed assets and posting depreciation expense, reviewing tenants' outstanding balances, and analyzing and recording bad debt entries. Ensure timeliness and accuracy of processes.
• Review tenant leases to determine appropriate revenue recognition and prepare straight-line rent schedules.
• Perform monthly account reconciliations.
• Ensure financial records and sub-ledgers comply with GAAP.
• Analyze accounts for unusual or unexpected activity.
• Conduct income statement variance analysis comparing current and prior periods.
• Resolve accounting discrepancies and irregularities.
• Streamline and improve the month-end close process by developing and implementing accounting control procedures.
• Assist in the acquisitions process, including coordination of the consultant engaged to perform the purchase price allocation (PPA), recording the initial acquisition entries, and managing the post-transaction settle-up process.
• Support the dispositions process, by recording transactions and assisting with post-transaction processes.
• Support the Asset Management team as needed, including, but not limited to, providing analysis of potential new leases or lease modifications as requested.
• Assist with the portfolio consolidation and intercompany eliminations.
• Assist with quarterly and annual SEC financial reporting.
• Support external and internal auditors with sample requests.
• Oversee third-party property accountant firms to ensure adherence to internal deadlines.
• Foster a commitment to customer service by strengthening relationships between Portfolio Accounting and other departments.
• Perform ad hoc reporting and special projects as directed by the supervisor or department head.

Requirements

• Bachelor's degree in accounting.
• 1-4 years accounting experience preferred.
• Yardi software experience preferred.
• Commercial real estate or property accounting experience preferred.
• Proficient in MS Excel, Word, and Outlook.
• Strong analytical and critical thinking skills.
• Solid organizational skills with superior attention to detail.
• Strong verbal and written communication skills.
• Great interpersonal and relationship-building skills.
• Ability to flourish in a fast-paced, complex environment with a willingness to adapt to change.
• Ability to flex and adapt work schedule to changing business demands.
• Demonstrate integrity and honesty and model ethical behavior and core values of the company - Quality, Service, Flexibility, and Integrity.

Physical Demands and Work Environment:

While performing the duties of this job, the employee will regularly work inside an office. Performing this job will require the use of hands to fingers with the ability to handle, or feel objects, stand, sit, walk, talk, and hear. It requires the employee to occasionally climb stairs, balance, and occasionally stoop, and kneel. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, and the ability to adjust focus. Employees may occasionally lift and/or move up to 10 pounds.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.