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Portfolio Accounting Manager – Real Estate

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Accounting / Control
Location
Minneapolis
 MN
Postal Code
55422
Country
United States

This job is no longer active.

Description


Job Title:  Portfolio Accounting Manager – Real Estate

 

Job Purpose:  Position will act as a liaison between the Real Estate and Accounting/Finance team.  Primary area of focus will be managing the investment accounting process and the associated reporting and analysis.  This will include treasury/cash management and investor reporting.  Other responsibilities will include oversight of banking/lender relationships and associated reporting as well as administration of property insurance program.

 

Job Duties:

    • Work with real estate team and property accounting team to standardize, streamline, and create a more robust investment reporting package for quarterly review by senior leadership
    • Assist real estate team with development of financial performance, forecasting and planning tools
      • Integration of portfolio level Argus models for cash flow planning and analysis
    • Manage investor reporting by consolidating property accounting team reports with asset level performance input from asset management team
      • Track equity balances, facilitate capital calls, and make distribution recommendations in conjunction with asset management team
      • Oversee investor portal – specifically confirm accuracy of data & manage content (add/remove projects, set-up relationships, etc.)
    • Ensure real estate activities (acquisitions/dispositions, distributions, refinances/draw requests) are correctly recorded
      • Make distribution recommendations and coordinate cash movement with treasury function
    • Refine cash flow projections for treasury management through input from acquisitions and asset management teams
    • Provide oversight of bank accounts in conjunction with Treasury team
      • Ensure utilization of best in class banking practices by third party property managers
    • Ensure lender requirements are being upheld in conjunction with property accounting and real estate team
    • Manage and implement property insurance program in coordination with asset management team
    • Review real estate closing entries for accuracy, and ensure correctly recorded
    • Maintain portfolio investment summary
    • Perform miscellaneous financial analysis as needed

 

Requirements:  A bachelor’s degree in accounting or equivalent from an accredited college or university, 5+ years of related experience – specifically real estate investment accounting and financial analysis, and working knowledge of property level accounting systems (MRI, Yardi, etc.).  Familiarity with cash flow modeling (Argus) and CPA preferred.

Job Functions


  • Accounting / Control
  • Portfolio Management
  • Risk Management
 

Job Sectors


  • Alternative Investments
  • Residential
  • Hospitality / Entertainment
  • Healthcare
  • Industrial
  • Office
  • Retail
 

Experience


5+ to 7 years


This job is no longer active.

 
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