Bachelor's Degree in Accounting or Finance preferred
Minimum of 4 years of real estate experience, ideally in multifamily
CPA preferred or in progress
Strong analytical and investigative skills
Proficient in Microsoft Office and Yardi or similar software
Excellent written and verbal communication skills
Directive leadership and ethical behavior required
Responsibilities
Manage the employment cycle for senior and staff accountants
Oversee the monthly close process for multifamily investments
Review quarterly fair market values and performance returns
Ensure accurate financial statements and investor reporting
Facilitate fund liquidity and capital call analysis
Coordinate audit and tax return processes with external parties
Consult on Yardi accounting system implementation and management
Benefits
Competitive compensation and incentive program participation
Full suite of benefits including Medical, Dental, Life, and Disability
401k with matching contributions
Generous paid time off and volunteer time off
Commitment to life-long learning with training and tuition reimbursement
Employee discounts and wellness initiatives like an onsite gym
Hybrid work environment based on business needs
Full Job Description
Job Summary
The Portfolio Accounting & Reporting Manager is responsible for managing a team of senior and/or staff accountants and the related accounting functions for multifamily investment vehicles.
How you will contribute to our team:
Responsible for management of the employment cycle for senior and/or staff accountants in accordance with company policy, including:
Recruitment, selection, and hiring
Orientation, training and development
Performance management and coaching
Develop, coach and manage direct reports, ensure the Waterton Way is faithfully executed
Responsible for Venture monthly close process, including subsidiary portfolio of investments and entities, asset management fees, and incentive fee waterfall calculations
Review recording of fair market values quarterly for real estate and debt and quarterly performance returns at the property, investment, fund and investor levels (IRRs, TWRs, etc.) including submission to NCREIF indices
Review quarterly and annual financial statements, capital account statements and other reporting to investors and/or consultants
Oversight of Fund liquidity, reserves, and any subscription credit facility arrangements. Facilitate analysis and recommendation of capital calls and distributions and associated notices to investors
Review annual budgets and periodic forecasts of non-operating expenses and reserve receipts and compile into cash flow projections for various investment vehicles
Responsible for Investor Client Inquiries received via Portfolio Management and Investor Relations teams.
Proactive interaction with Portfolio Management, Investor Relations, Property Accounting, Treasury, Tax, and other internal stakeholders.
Coordinate and oversees execution of audit and tax return processes, acting as liaison with external parties.
Consult on implementation, maintenance, and management of the automated consolidation and investment reporting module of Yardi accounting general ledger system
Review acquisition, disposition, loan refinancing closing and documentation: review loan agreements, operating agreements, budgets, certifications, etc.
Research and resolve technical accounting issues for your investment vehicles.
Complete financial analysis and special projects as needed.
What You'll Bring- Desired Skills and Experience
Bachelor's Degree in Accounting (preferred) or Finance
Minimum of 4 years of real estate experience, preferably in a multi-family environment; commercial experience is a plus
CPA preferred or in progress
Strong analytical and investigative skills, strong attention to detail
Proficient with Microsoft Office (Word, Excel, Outlook) and Yardi, MRI, or similar property management/accounting software
Communication - Communication is task based, but requires excellent written and verbal communication skills to refine, create, train, and enforce company policies
Leadership - Directive leadership to assure quality standards are met
Ethical Behavior - Transparency, attention to detail and forthright communication are required. Must work in accordance with company standards and federal/state regulations; makes decisions carefully and cautiously within the guidelines of established company policy
Efficiency - Excellent time management and prioritization skills are necessary.
Collaboration - Works well within a team.
At Waterton, we recognize that compensation and benefits are important to our associates. We offer a wide variety of benefits including:
Competitive compensation and incentive program participation
Full suite of benefits, including Medical, Dental, Life, Disability, and even pet insurance
401k + match
Generous paid time off, volunteer time off, and paid holidays
A commitment to life-long learning through learning plans that include internal and external trainings, as well as consideration for tuition reimbursement.
Employee discounts and wellness initiatives, like an onsite gym.
Hybrid work environment (based on business or position needs)
The typical base salary hiring range for this role is $115,000.00-$135,000.00 per year, plus bonus program participation.
The pay range is a base pay only and does not include any additional compensation or bonuses that this position may be eligible for. The pay range is approximate, and the actual pay may vary depending on related work experience, certifications, education, and other job-related factors.
