The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Portfolio Accounting Manager – Real Estate

Portfolio Accounting Manager – Real Estate

Salary
Competitive
Employment
Full Time
Real Estate Field
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This job is no longer active.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.


This job is no longer active.

Accounting / Control Retail Minneapolis Full Time MN Accounting / Control, Portfolio Management, Risk Management Portfolio Accounting Manager – Real Estate other