Portfolio Accountant

Role Summary:

The Portfolio Accountant will be responsible for assisting in the monthly, quarterly and annual financial close process and will report directly to the Assistant Controller or Controller(s) for the assigned funds and/or relevant separate accounts.

The Portfolio Accountant will bring foundational technical expertise and work across multiple functions and disciplines within the firm including investor relations, corporate accounting, acquisitions, asset management, portfolio management, valuations and dispositions. The successful candidate will also engage with and work closely with outside third parties, including audit and tax providers, third party administrators, the National Council of Real Estate Investment Fiduciaries (NCREIF), consultants, investors, lenders and external legal counsel.

Essential Job Functions:

• Monitor/review monthly financial reports prepared by third party property managers for assigned real estate assets, including:
• • Oversee third-party property managers
  • Provide guidance on the firm’s accounting practices and ensure compliance
  • Review of financial performance (budget v. actual)
  • Evaluate the fluctuation in NOI
  • Review of outstanding tenant receivables
  • Review of capital transactions
  • Meet periodically with Asset Managers to review property and management company performance
  • Review of monthly property cash flow projections
• Complete periodic desk top audits and communicate results to Asset Managers, including:
• • Recovery income audits
  • Lease administration audits
  • Real estate tax audits
  • Property management expense audits
• Complete quarterly and annual financial close, including:
• • Assist with the preparation of financial statements and underlying schedules
  • Prepare quarterly debt covenants
  • Prepare quarterly consultant/investor reports
  • Coordinate with external audit and tax team on required deliverables
  • Prepare quarterly NCREIF deliverables
  • Review property and fund level returns for accuracy
• Additional responsibilities may include:
• • Calculate monthly management fees and prepare forecasts
  • Review monthly fund level bank reconciliations
  • Prepare fund level wire requests
  • Prepare fund level draw requests
  • Prepare investment acquisition and disposition entries
  • Ad hoc projects and requests as needed

Education, Experience & Qualifications:

• Undergraduate degree in accounting strongly preferred
• 2-3 years accounting experience is a must
• Public Accounting & Real Estate Accounting experience strongly preferred
• Strong Microsoft Excel skills critical; Yardi familiarity a plus
• Excellent communication, organization, and prioritization skills
• Analytical nature with high attention to detail
• Strong work ethic with a desire to learn
• Ability to handle multiple tasks and adapt to changing needs within the office

EQUAL EMPLOYMENT OPPORTUNITY

TA Realty LLC is an Equal Opportunity Employer that is committed to creating a diverse and inclusive company culture believing it adds to the strength and vitality of our organization. TA Realty does not discriminate against candidates and employees on the basis of race, religion, national origin, age, veteran status, sexual orientation, or any other protected status under law.