Senior Portfolio Accountant – Boston, MA
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 comoany 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.)
Strong Excel skills.
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.
We are seeking qualified candidates
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.)
Strong Excel skills.
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.
Job details are sourced from the employer's original posting.
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BASIC JOB RESPONSIBILITIES: This is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest value opportunities, address their most critical challenges, and transform their enterprises. They was founded in 1963 and is a privately owned firm with more than 7,000 employees across 81 offices in 45 countries. Integrity, respect for the individual, delivering value, and making an impact on society are just some of the core values. Their commitment to both our clients' success and our own standards is what sets them apart as a world-class professional services organization. Start your career at a company that is consistently ranked as the leader in its field, and is acknowledged as one of the best places to work.