Listing Details


 

Interested and qualified candidates, please contact:

Sierra Olney | sierra@kelleraugusta.com | 617.247.0505

Veronica Perez | veronica@kelleraugusta.com | 786.716.8640

Portfolio Accountant

Boston, MA

JOB DESCRIPTION

Company Overview:

Our client is an established real estate fund with a boutique, entrepreneurial feel focusing in
growing their investment platform across varying product types, including retail, industrial,
multifamily, and office. Founded over decade ago, the senior principals have invested throughout
the peaks and troughs of economic and property market cycles with over 30+ years in the business.
Since the inception, they have invested nearly $1.3 billion of equity in more than 80 investments
across the U.S. with a gross cost of $4.0 billion. Their investment criteria target all major asset
classes with a gross property value of $25-150 million with investment strategies in lease-up,
repositioning, recapitalization, management turnaround, and development.


Position Overview:
The additive position of Portfolio Accountant offers a tremendous growth opportunity with a highly
collaborative team in an engaging and sophisticated private equity environment. This position will
focus on accounting, cash management and financial reporting for a series of private, close-end
real estate investment funds. The preferred 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. Our client is willing to consider a recent graduate
(Masters preferred) with an accounting degree and interest in commercial real estate.


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 needed
• 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 or related experience
• 1+ years of experience in property, fund or investment company accounting
• CPA and/or M.S. in accounting 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
• Willingness to work in an office environment on a regular basis