Senior Portfolio Accountant (Commercial Real Estate)

Job Duties and Responsibilities

• Cook with internal asset managers and external property managers to ensure appropriate accounting books and records are maintained.
• Assist in the month-end close process, including preparing and/or reviewing general ledger journal entries, recording fixed assets and posting depreciation expense, reviewing tenants’ outstanding balances, and analyzing and recording bad debt entries.
• Supervise the addition and maintenance of vendor records within the vendor master file.
• Review and maintain financial records and sub-ledgers to ensure compliance with GAAP.
• Review tenant leases to determine appropriate revenue recognition treatment and prepare relevant straight-line rent schedules.
• Perform monthly general ledger account reconciliations.
• Analyze accounts for unusual or unexpected activity, resolving irregularities.
• Perform income statement variance analytics comparing current period results to prior periods.
• Aid in the recording of acquisitions, including coordinating with third-party consultants engaged to perform the purchase price allocation (PPA), recording the initial acquisition entries, and managing the post-transaction settle-up process.
• Aid in the recording of dispositions, including in the post-transaction settle-up process.
• Support the Asset Management team as needed, including, but not limited to, providing analysis of potential new leases or lease modifications as requested.
• Aid in the portfolio consolidation and intercompany eliminations.
• Aid in the quarterly and annual SEC financial reporting.
• Aid with the pulling of samples and other requests for the external and internal auditors.
• Collaborate with third-party accounting personnel to ensure tasks are completed timely.
• Strive to enhance customer service (developing and maintaining the relationship between Portfolio Accounting and other internal departments).
• Streamline and improve the month-end close process by contributing to the development, implementation, and enhancement of accounting procedures.
• Train and mentor of fellow team members.

Qualifications

• Bachelor’s degree in Accounting.
• 5-7 years accounting experience.
• Proficient in MS Excel, Word, and Outlook.
• Strong analytical and critical thinking skills.
• Solid organizational skills with superior attention to detail.
• Strong verbal and written communication skills.
• Great interpersonal and relationship-building skills.
• Ability to flourish in a fast-paced, complex environment with a willingness to adapt to change.
• Yardi software experience preferred.
• Commercial real estate or property accounting experience preferred.
• Ability to flex and adapt work schedule to changing business demands.
• Demonstrate integrity and honesty and model ethical behavior and core values of the company.