ICSC: International Council of Shopping Centers

Fund Portfolio Accountant

Job Description

The Fund Portfolio Accountant is responsible for the full cycle of accounting and reporting for a portfolio of retail and mixed-use real estate investments within a private equity fund. Effectively act as a controller for a portfolio of properties and perform all related accounting functions associated with these properties. The position requires a dynamic accounting professional who can work independently, prioritize tasks, is highly organized and comfortable handling shifting priorities. A successful candidate will demonstrate an ability to meet deadlines while delivering quality work in a fast-paced environment.

• Prepare timely, complete, and accurate monthly financial reports including calculation and posting of associated accruals, interest amortization, prepaid expenses, bank and other reconciliations, and property budget variance analysis
• Responsible for cash management and weekly check run process while ensuring proper invoice coding
• Prepare monthly cash flow forecasts
• Review daily application of cash receipts and calculate monthly management fee
• Prepare capital call, cash requests, and distribution calculations as needed
• Prepare required loan and escrow draw down requests as needed for assigned portfolio
• Responsible for proper billing and review of monthly rent up calculations and other non-revenue charges
• Ensure financial terms of tenant leases (base rent, % rent, recoveries, etc.) are billed correctly
• Analyze AR and work with property management team members to ensure proper reserves
• Assist with preparation of year end budgets and monthly / quarterly reforecasts for assigned portfolio
• Review all new and existing debt agreements and calculate covenant testing to ensure debt compliance
• Assist Property Management teams with tenant account reconciliations
• Prepare CAM/INS/RET recovery models for review by Fund Accounting Manager, Property Manager, and Asset Management
• Responsible for creation of percentage rent calculation spreadsheets
• Review new leases and lease abstracts for financial statement impact (TA, LC, TI, etc.)
• Calculate tax and GAAP depreciation using BNA system
• Assist in creation of property financial statements
• Prepare interim and year-end audit and tax work papers
• Assist with property acquisitions and dispositions and associated proration calculations
• Coordinate with Treasurer to set up new bank accounts
• Ensure accurate completion of annual income and expense forms for real estate tax jurisdictions and file personal property tax returns where applicable
• Ad hoc reporting for owners
• Other related duties as assigned

• An undergraduate degree in accounting or finance required
• 2+ years relevant accounting experience, real estate preferred, retail real estate highly preferred
• CPA preferred
• Experience and understanding of automated accounting systems and AP data imaging, MRI and Nexus Payables a plus
• Proficiency in MS Excel and Word required
• Ability to work independently with limited supervision
• Strong interpersonal and organizational skills with the ability to multi-task and prioritize
• Self-motivated, team-oriented, dependable, responsible, flexible and professional

Apply Here: http://www.Click2apply.net/j6xcs2f6qn9cpfxb


Job Responsibility: Finance/Accounting

Job Category: Other

Additional Information

Posted: June 19, 2017
Travel Required: No
Job Responsibility: Finance/Accounting
Job Category: Other

Application Information

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