
Commercial Real Estate Portfolio Manager
3 days ago
About the Position:
The successful candidate will oversee a portfolio of commercial properties owned by various funds and joint ventures. They will ensure compliance with lender, tax, and investor requirements while collaborating closely with external property teams that manage day-to-day accounting operations using an accounting platform.
Key Responsibilities Include:
- Property-level accounting encompassing rent rolls, lease maintenance, cash management, financial reporting, annual budgets, quarterly budget re-projections, tax basis amortization, and depreciation calculations.
- Review and approval of operating and tax escalations, annual estimates, quarterly and annual reconciliations, cost pools, expense caps, exclusions, gross ups, and base year calculations.
- Loan Compliance Management, mortgage payments, lender reporting, loan and escrow draw, unaudited financial reports, comprehensive audit support, and audited financial statements with footnotes.
In addition to these duties:
- Collaborate with construction professionals to provide accounting for development projects.
- Prepare ad-hoc financial analysis and reporting as needed.
- Joint Venture Accounting: Review and comply with operating agreements, prepare financial reporting on a consolidated or combined level, cash management, calculate and process management fees, income allocations, acquisitions, dispositions, and other duties assigned.
Skill & Experience Requirements:
- 5-8 years of property accounting experience, primarily in commercial real estate.
- Experience working with Funds and/or Joint Ventures, fair value GAAP, tax accounting, IFRS, TRS (Taxable REIT Subsidiaries), tenant recoveries (CAM), waterfall calculations, year-end audit, loan compliance, and proficiency with financial software systems applications and Microsoft Windows software programs.
This role presents an excellent opportunity to leverage your expertise in commercial real estate accounting and contribute to the success of our organization.
We offer a competitive compensation package and a dynamic work environment that fosters professional growth and development.
Please note that we are seeking candidates who possess strong analytical and problem-solving skills, excellent communication abilities, and a passion for delivering high-quality results in a fast-paced environment.
We are committed to diversity and inclusion in the workplace and welcome applications from qualified candidates who share our values.
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