Fund Portfolio Accountant

Madison Marquette
Washington, DC
Oct 10, 2017
Oct 16, 2017
Full Time
Job ID Job Locations US DC Category Accounting Finance of Openings Posted Date Overview The Fund Portfolio Accountant is responsible for the full cycle of accounting and reporting for a portfolio of retail and mixed use real estate investments within a private equity fund Effectively 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 Responsibilities 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 distribution calculations 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 Assist Property Management teams with tenant account reconciliations Prepare CAM INS RET recovery models for review by Fund 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 Qualifications An undergraduate degree in accounting or finance required 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 PM PI

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