Portfolio Accountant

Portfolio Accountant Overview

• The Portfolio Accountant will manage financial reporting and accounting for a portfolio of real estate investments.
• Analyze property financial reports including income statements, balance sheets, and cash flow statements for accuracy and variance explanations.
• Perform investment-level accounting tasks such as acquisition entries, fair value adjustments, and portfolio consolidations.
• Monitor portfolio cash needs, including funding requests and distribution requirements.
• Calculate portfolio investment returns, assets under management, and fees for designated portfolios.
• Prepare quarterly investor reporting, including investor and fee statements.
• Assist with new legal entity setups and recurring journal entry roll-ups within accounting systems.
• Collaborate with auditors and tax consultants during annual engagements and quarterly tax estimates.
• Contribute to special projects as required to support portfolio accounting functions.

Portfolio Accountant Key Responsibilities & Duties

• Review and analyze property-level financial reports for accuracy and provide variance explanations.
• Perform investment-level accounting tasks, including consolidations and reporting.
• Monitor and forecast portfolio cash activity and client distribution requirements.
• Calculate investment returns and manage fee structures for portfolios.
• Prepare investor and fee statements for quarterly reporting.
• Coordinate with auditors and tax consultants for compliance and reporting.
• Set up new legal entities and manage journal entries within accounting systems.
• Support special projects and initiatives related to portfolio accounting.
• Ensure compliance with debt obligations and maintain portfolio support schedules.

Portfolio Accountant Job Requirements

• Bachelor’s degree in Accounting or Business is required.
• 2-5 years of accounting experience, preferably in real estate or public accounting.
• CPA certification or progress towards certification is preferred.
• Proficiency in Microsoft Excel; knowledge of MRI or similar systems is a plus.
• Strong analytical skills with the ability to solve complex problems independently.
• Excellent verbal and written communication skills are essential.
• Ability to meet tight reporting deadlines in a dynamic environment.
• Highly motivated self-starter with strong interpersonal skills.
• Experience with audit processes and tax compliance is advantageous.