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Real Estate Portfolio Analyst
2 months ago
NorthPoint Search Group Inc is seeking a dedicated Portfolio Manager with a strong foundation in both accounting and finance within the real estate sector. This role is pivotal in managing financial oversight for multi-family projects.
Key Responsibilities:
- Collaborate with Asset Managers to review monthly financial statements for assigned multi-family projects, focusing on variances between actual performance and budget, while ensuring proper escrow balances and accruals.
- Offer accounting support to Property Accountants to rectify account balances reflected in financial statements.
- Conduct calculations for surplus cash flow, debt service coverage ratios, and other essential financial metrics.
- Engage with independent auditors during year-end property financial audits, project cost certifications, and tax return preparations to guarantee the accuracy of financial data.
- Execute analysis of partners' tax basis capital accounts in accordance with partnership agreements and relevant tax codes.
- Contribute to the annual property budget review process by providing insights into operational trends versus budget expectations.
- Work closely with Property Management, Asset Management, and Development teams during pre- and post-acquisition activities to integrate assets into the company's portfolio.
- Maintain and monitor reporting obligations for all syndicators, investors, and financial institutions.
- Manage all tax-related communications with the Treasury Department and various Revenue Departments.
- Organize and analyze the financial implications of real estate investments, including Real Estate Investment Trusts (REITs).
- Bachelor's degree in Accounting or Finance is required.
- A minimum of 5 years of experience in real estate development or multi-family property management.
- Active CPA License is mandatory.
- Proficiency in Sage Intacct, Microsoft Excel, Word, and PowerPoint is essential.