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Senior Portfolio Accountant Real Estate
$123k-156k (estimate)
Full Time 1 Month Ago
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Cornerstone HR Advantage LLC is Hiring a Senior Portfolio Accountant Real Estate Near Boston, MA

Job DescriptionSenior Portfolio Accountant – Boston, MAThe 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 documentationAssist 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 candidatesQualificationsMust 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 Summary

JOB TYPE

Full Time

SALARY

$123k-156k (estimate)

POST DATE

03/14/2024

EXPIRATION DATE

05/13/2024

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