Manager, Portfolio Accounting & Reporting

Waterton Search • Chicago, IL

2d • Hybrid

About The Position

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.

Requirements

• Bachelor's Degree in Accounting (preferred) or Finance, or equivalent work experience
• 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.

Responsibilities

• Management of the employment cycle for senior and/or staff accountants
• 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.

Benefits

• 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.

What This Job Offers

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