Associate, Portfolio Accounting

3 weeks ago


Chicago, United States Harrison Street Full time

The Firm is seeking to hire an Accounting Associate to join their Portfolio Accounting & Reporting team. The ideal candidate will have at least two years accounting experience and be successful working in a fast-paced team environment. Specific duties will include:

Responsibilities:

    • Coordinate with joint venture partners/third party managers to obtain property-level financial information
    • Review property-level financial information for reasonableness and record adjustments as necessary on a fair value basis of accounting
    • Perform a detailed review of property-level financial statements and monthly reporting packages received from third party managers and follow up as necessary
    • Monitor fund-level bank accounts and record fund-level financial activity to the general ledger.
    • Manage cash activity for all fund-level bank accounts, reconcile and record all cash activity to the Fund's general ledger
    • Prepare opening and closing entries for acquisitions and dispositions of properties
    • Consolidate property and fund level financial activity, including consolidated fund financial statements, footnotes, and supplemental financial reporting
    • Responsible for maintaining Yardi general ledger for all property and fund related entities
    • Record investor level activity in Yardi and generate investor deliverables (Investor Account Statements, Capital Call Notices, and Distribution Notices)
    • Prepare draft response for on-going investor/consultant requests relative to investor reporting
    • Assist the Accounting and Portfolio Management teams with Fund cash analyses and projections to determine cash needs or cash availability for distribution
    • Assist in requests from other departments in the firm related to fund-level or property-level accounting information
    • Work directly with independent auditors to complete year end Fund audits and tax filings
    • Continuous improvement mindset and the ability to seek out and implement internal or external best practices
    • Strong analytical abilities and perseverance to solve problems with high attention to detail.
    • Other duties as assigned.
Background Required/Preferred:
    • Bachelor's degree in accounting required
    • 2+ years of accounting experience with real estate or financial services experience required
    • CPA preferred
    • Yardi general ledger experience preferred
    • Proficient in Microsoft Excel
    • Strong written and verbal communication skills
    • Organized and self-directed individual eager to learn


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