Listing Details


 

Interested and qualified candidates, please contact:
Sierra Olney, | sierra@kelleraugusta.com | 401.487.4898 and/or Sara Marsh, | smarsh@kelleraugusta.com | 781.413.7275

Portfolio Accountant

Boston, MA

JOB DESCRIPTION

Company Overview:
Our client is an established private equity real estate manager with a boutique and entrepreneurial feel focused on investing in diverse property types across the U.S. Founded over a decade ago, the senior principals average nearly 30 years of experience and since inception the team has invested over $1 billion of equity in more than 65 investments. The target investment criteria include all major asset classes with a gross property value of $25-150 million and encompasses strategies such as lease-up, repositioning, recapitalization, management turnaround, and development.

Position Overview:
The position of Portfolio Accountant will focus on accounting, cash management and financial reporting for a series of private, close-end real estate investment funds. The candidate will have prior experience in fund level and/or property accounting, possess strong quantitative skills and preferably will have worked in an institutional real estate environment.

Essential Functions:
• Participate in the monthly closing process for the funds, including general ledger monitoring and maintenance, quarterly financial statement preparation, and the preparation of the monthly client statements
• Responsible for the review and approval of the monthly property financial reporting packages and monitoring the close out of the liquidated investments for a portfolio of real estate assets
• Assist in the fund-level cash management and forecasting
• Monitor fund liquidity and cash flow for the funds including line of credit borrowings/paydowns
• Assist in the completion of annual fund audit and tax reporting processes, including K1 distribution to partners, as well as oversee venture level audit and tax reporting
• Prepare quarterly and annual REIT tests to ensure compliance with applicable tax laws
• Process partner capital calls and partner distributions
• Assist with venture entity registration, dissolution, and annual report compliance
• Participate in the completion of ad hoc investor and consultant requests as needed
• Participate in accounting team projects and initiatives as required by the Director of Finance
• Coordinate and assist with cash movements related to the acquisition and disposition of real estate investments
• Assist with management company reporting, including the preparation and review of monthly expense allocation reports, annual 1099 reporting and the processing of weekly accounts payable check runs

Qualifications:
• Bachelor’s Degree in accounting, business, finance or related experience
• 2+ years of experience in property, fund or investment company accounting (CPA preferred, but not required)
• Proficiency with Excel and experience with real estate general ledger accounting systems (Yardi preferred)
• Strong written and verbal communication skills
• Organized with strong attention to detail