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 office, retail, industrial and multifamily. Founded over decade ago, the senior principals have invested throughout the peaks and troughs of economic and property market cycles with over 25+ years in the business. Since the inception, they have invested nearly $900 million of equity in more than 50 investments across the U.S. with a gross value of $2.7 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 newly created 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