Portfolio Accountant

Madison Marquette
Washington D.C.
Jul 18, 2017
Aug 22, 2017
Full Time

The Portfolio Accountant is responsible for the full cycle of accounting and reporting for a portfolio of retail and mixed-use real estate investments. Act as a controller for a portfolio of properties and perform all related accounting functions associated with these properties. The position requires a dynamic accounting professional who can work independently, prioritize tasks, is highly organized and comfortable handling shifting priorities. A successful candidate will demonstrate an ability to meet deadlines while delivering quality work in a fast-paced environment.

  • Prepare timely, complete, and accurate monthly financial reports including calculation and posting of associated accruals, interest amortization, prepaid expenses, bank and other reconciliations, and property budget variance analysis
  • Responsible for cash management and weekly check run process while ensuring proper invoice coding
  • Prepare monthly cash flow forecasts
  • Review daily application of cash receipts and calculate monthly management fee
  • Prepare capital call, cash requests, and Owner distributions as needed
  • Prepare required loan and escrow draw down requests as needed for assigned portfolio
  • Responsible for proper billing and review of monthly rent up calculations and other non-revenue charges
  • Ensure financial terms of tenant leases (base rent, % rent, recoveries, etc.) are billed correctly
  • Analyze AR and work with property management team members to ensure proper reserves
  • Assist with preparation of year end budgets and monthly / quarterly reforecasts for assigned portfolio
  • Review all new and existing debt agreements and calculate covenant testing to ensure debt compliance
  • Ensure compliance with all Owners' policies and procedures for assigned portfolio
  • Assist Property Management teams with tenant account reconciliations
  • Prepare CAM/INS/RET recovery models for review by Portfolio Accounting Manager, Property Manager, and Asset Management
  • Responsible for creation of percentage rent calculation spreadsheets
  • Review new leases and lease abstracts for financial statement impact (TA, LC, TI, etc.)
  • Calculate tax and GAAP depreciation using BNA system
  • Assist in creation of property financial statements
  • Prepare interim and year-end audit and tax work papers
  • Assist with property acquisitions and dispositions and associated proration calculations
  • Coordinate with Treasurer to set up new bank accounts
  • Ensure accurate completion of annual income and expense forms for real estate tax jurisdictions and file personal property tax returns where applicable
  • Ad hoc reporting for Owners
  • Other related duties as assigned
  • An undergraduate degree in accounting or finance required
  • 2+ years relevant accounting experience, real estate preferred, retail real estate highly preferred
  • CPA preferred
  • Experience and understanding of automated accounting systems and AP data imaging, MRI and Nexus Payables a plus
  • Proficiency in MS Excel and Word required
  • Ability to work independently with limited supervision
  • Strong interpersonal and organizational skills with the ability to multi-task and prioritize
  • Self-motivated, team-oriented, dependable, responsible, flexible and professional
  • Big (4) experience is a plus

Apply Here: http://www.Click2apply.net/8s8p7z5rh436h6c6


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