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