Senior Portfolio Accountant Real Estate

Company: HR Advantage, LLC
Location: Boston
Posted on: April 1, 2025

Job Description:

The position of Senior Portfolio Accountant reports to the Controller of Portfolio Accounting.Essential Duties and Responsibilities:

• Review monthly and quarterly third-party property management reports to ensure compliance with GAAP and funds' policies, procedures, and guidelines.
• Review and summarize variances between properties' actual results and their corresponding approved plans and/or pro forma purchase underwriting.
• Confirm proper accrual accounting for expenses and their escalation and pass-through to tenants.
• Prepare various quarterly analytical reports, budget variance narratives, and other support in connection with the focus meetings.
• Provide ongoing support to the Asset Managers, Controller, Assistant Controller and Manager for assigned portfolios.
• Act as a resource to third-party accountants in relevant accounting policies, procedures and systems including: cash collections and disbursements, accounts receivable monitoring, annual budget preparation, intercompany accounting and cash forecasting.
• Assist in the ongoing support to our company in Los Angeles including:
• Supply documentation to support quarterly and annual financial statements for investors and lenders.
• Prepare loan draw and escrow release documentation.
• Assist in the process of approved funding requests of monthly, emergency, and security deposit cash requirements between the property managers and Los Angeles.
• Assist in the annual business planning, budgeting, and reforecasting processes for multiple portfolios.
• Monitor REIT compliance and debt compliance at the property level.
• Assist in the preparation of supporting schedules for state and federal tax returns.
• Monitor appropriate real estate tax amounts funded to and disbursed from the properties' Operating Accounts seven days prior to their respective due dates.
• Assist in the accounting for acquisitions and dispositions, and, along with the Asset Manager, coordinate the New Property Transition per Yardi process with the Property Manager.
• Assist in the review of various functional areas in support of the property accounting for the Light Industrial Platform, as needed.Qualifications:
• Bachelor's degree. Finance or accounting preferred.
• Must have 4+ years of accounting experience, three years of which must include relevant property management or real estate accounting experience.
• Significant experience with property management software. (Yardi preferred.)
• Exceptional organizational skills, with the ability to multitask, prioritize, and meet and enforce established deadlines. Prior supervisory experience required.
• Must take direction well, but work independently with strong attention to detail and follow through.
• Strong analytical, communication, and interpersonal skills.
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Keywords: HR Advantage, LLC, Boston , Senior Portfolio Accountant Real Estate, Accounting, Auditing , Boston, Massachusetts