Manager, Portfolio Accounting & Reporting

Waterton • Chicago, IL

3d • $115,000 - $135,000 • Hybrid

About The Position

The Portfolio Accounting & Reporting Manager manages a team of senior and/or staff accountants and the associated accounting functions for multifamily investment vehicles. The role oversees monthly and quarterly accounting, reporting, fund liquidity, investor communications, audits, tax processes, and accounting systems. It also partners with internal stakeholders and external parties, reviews transaction documentation, resolves technical accounting issues, and completes financial analysis and special projects.

The position includes responsibility for the employment cycle and development of direct reports, ensuring company policies and Waterton standards are followed. The role calls for strong analytical, communication, leadership, organizational, and collaborative skills, along with real estate accounting experience and familiarity with property management or accounting software.

Requirements

• Bachelor's degree in Accounting or Finance; Accounting is preferred.
• At least 4 years of real estate experience.
• Strong analytical and investigative skills and 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.
• Ethical conduct, transparency, attention to detail, and forthright communication; ability to follow 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

• Multifamily real estate experience; commercial real estate experience is a plus.
• CPA certification or progress toward CPA certification.

Responsibilities

• Manage recruitment, selection, and hiring of senior and/or staff accountants in accordance with company policy.
• Provide orientation, training, development, performance management, and coaching for direct reports, and ensure the Waterton Way is faithfully executed.
• Manage the Venture monthly close process, including subsidiary investment portfolios and entities, asset management fees, and incentive fee waterfall calculations.
• Review quarterly fair market value recording for real estate and debt and quarterly performance returns at property, investment, fund, and investor levels, including submission to NCREIF indices.
• Review quarterly and annual financial statements, capital account statements, and other investor and consultant reporting.
• Oversee fund liquidity, reserves, and subscription credit facility arrangements; facilitate analysis and recommendations for capital calls and distributions and related 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 Portfolio Management and Investor Relations teams.
• Interact proactively with Portfolio Management, Investor Relations, Property Accounting, Treasury, Tax, and other internal stakeholders.
• Coordinate and oversee audit and tax return processes and act 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, disability, and pet insurance.
• 401(k) with matching contributions.
• Paid time off, volunteer time off, and paid holidays.
• Learning plans with internal and external training and 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