Manager, Portfolio Accounting & Reporting

Waterton Search • Chicago, IL

2d • Hybrid

About The Position

The Portfolio Accounting & Reporting Manager manages a team of senior and/or staff accountants and the accounting functions for multifamily investment vehicles. The role oversees the team's employment cycle, develops and coaches direct reports, and ensures company standards are followed. It also manages monthly and quarterly accounting, financial reporting, investor communications, fund liquidity, and audit and tax processes. The position works closely with internal teams and external parties, supports accounting systems and transactions, and researches technical accounting issues.

Requirements

• Bachelor's degree in Accounting (preferred) or Finance.
• At least 4 years of real estate experience; multifamily experience is preferred, and commercial experience is a plus.
• Strong analytical and investigative skills and strong attention to detail.
• Proficiency with Microsoft Office, including Word, Excel, and Outlook, and Yardi, MRI, or similar property management/accounting software.
• Excellent written and verbal communication skills to refine, create, train, and enforce company policies.
• Directive leadership to ensure quality standards are met.
• Transparent, detail-oriented, forthright, and ethical conduct; ability to work in accordance with company standards and federal and state regulations and make decisions within established company policy.
• Excellent time management and prioritization skills.
• Ability to work well within a team.

Nice To Haves

• CPA certification or progress toward CPA certification.
• Multifamily real estate experience.
• Commercial real estate experience.

Responsibilities

• Manage recruitment, selection, hiring, orientation, training, development, performance management, and coaching for senior and/or staff accountants in accordance with company policy.
• Develop, coach, and manage direct reports, ensuring the Waterton Way is faithfully executed.
• Manage the Venture monthly close process, including the subsidiary portfolio of investments and entities, asset management fees, and incentive fee waterfall calculations.
• Review quarterly fair market value recording for real estate and debt, and quarterly property-, investment-, fund-, and investor-level performance returns, including IRRs and TWRs; submit results to NCREIF indices.
• Review quarterly and annual financial statements, capital account statements, and other reporting to investors and consultants.
• Oversee fund liquidity, reserves, and subscription credit facility arrangements.
• Analyze and recommend capital calls and distributions and coordinate associated investor notices.
• Review annual budgets and periodic forecasts of non-operating expenses and reserve receipts, and compile cash flow projections for investment vehicles.
• Respond to investor client inquiries received through the Portfolio Management and Investor Relations teams.
• Proactively interact with Portfolio Management, Investor Relations, Property Accounting, Treasury, Tax, and other internal stakeholders.
• Coordinate and oversee audit and tax return processes, serving as liaison with external parties.
• Consult on implementation, maintenance, and management of the automated consolidation and investment reporting module of the Yardi accounting general ledger system.
• Review acquisition, disposition, and loan refinancing closings and documentation, including loan agreements, operating agreements, budgets, and certifications.
• Research and resolve technical accounting issues for assigned investment vehicles.
• Complete financial analysis and special projects as needed.

Benefits

• Competitive compensation and incentive program participation.
• Medical, dental, life, and disability benefits, as well as pet insurance.
• 401(k) with matching.
• Paid time off, volunteer time off, and paid holidays.
• Internal and external training through lifelong learning plans, with consideration for tuition reimbursement.
• Employee discounts and wellness initiatives, including an onsite gym.
• Hybrid work environment based on business or position needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager