Portfolio Accountant – Boston, MA – Real Estate Private Equity

A leading Real Estate Private Equity firm is looking for a Portfolio Accountant to join their growing team! The firm focuses on domestic real estate investments. It has acquired, invested in, and/or managed over $30 billion of real estate on behalf of hundreds of U.S. and non-U.S. institutional investors and clients. The Portfolio Accountant will be responsible for the monthly, quarterly and annual financial close process.

 

Responsibilities:

Monitor/review monthly financial reports prepared by third party property managers for assigned real estate assets, including:

  • Oversee third-party property managers
  • Provide guidance on the firms accounting practices and ensure compliance
  • Review of financial performance (budget v. actual)
  • Evaluate the fluctuation in NOI
  • Review of outstanding tenant receivables
  • Review of capital transactions
  • Meet periodically with Asset Managers to review property and management company performance
  • Complete periodic desktop audits and communicate results to Asset Managers, including:
    • Recovery income audits
    • Lease administration audits
    • Real estate tax audits
    • Property management expense audits
  • Complete quarterly and annual financial close, including:
    • Assist with the preparation of financial statements and underlying schedules
    • Prepare quarterly debt covenants
    • Prepare quarterly consultant/investor reports
  • Coordinate with external audit and tax team on required deliverables
  • Calculate monthly management fees and prepare forecasts
  • Prepare investment acquisition and disposition entries
  • Ad hoc projects and requests as needed

Minimum Qualifications:

  • BS in Accounting REQUIRED
  • 1-3 years accounting experience REQUIRED
  • Public Accounting & Real Estate Accounting experience PREFERRED

 

This role is a full-time hybrid (3 days in office) opportunity that will offer up to $90,000 on a base, plus a bonus, and great benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com

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