Sr. Associate, Portfolio Accounting & Reporting, Opportunity Fund
About The Position
Harrison Street Asset Management ("HSAM") is a leading global alternative investment management firm focused on real estate, infrastructure, and credit strategies across North America and Europe. Headquartered in Chicago, Toronto, and London with offices across North America, Europe, Asia and the Middle East, the firm has over $108 billion in assets under management on behalf of institutional investors and registered investment advisors globally. Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid-market infrastructure. Today, the firm’s global team, consisting of more than 520 professionals, is committed to creating long-term value through deep sector expertise and forward-thinking strategies. The Firm is seeking to hire an Accounting Senior Associate to join their Portfolio Accounting & Reporting team. The ideal candidate will have at least four years accounting experience and be successful working in a fast-paced team environment.
Requirements
- Bachelors degree in accounting or finance.
- 4+ years of accounting experience with real estate or financial services experience preferred.
- CPA (or working towards) preferred.
- Organized, and self-directed individual eager to learn.
- Strong written and verbal communication skills.
- Yardi general ledger experience preferred.
- Proficient in Microsoft Excel.
Responsibilities
- Coordinate with joint venture partners/3rd party managers to obtain property-level financial information.
- Review property-level financial information for reasonableness and record adjustments as necessary on a fair value basis of accounting.
- Perform a detailed review of property level financial statements and monthly reporting packages received from 3rd party managers and follow up as necessary.
- Build an effective working relationship with existing joint venture partners and onboard new joint venture partners.
- Monitor and manage fund-level bank accounts, including processing payments, reviewing fund-level activity, and recording entries to the Yardi general ledger.
- Prepare opening and closing entries for acquisitions and dispositions of properties.
- Calculate quarterly management fees.
- Consolidate property and fund level financial activity; responsible for the preparation of the consolidated fund financial statements, footnotes, and supplemental financial reporting.
- Responsible for maintaining Yardi general ledger for all property and fund related entities, including ensuring completeness and accuracy of fund level accruals.
- Record investor level activity in Yardi and generate investor deliverables (Investor Account Statements, Capital Call Notices & Distribution Notices).
- Prepare draft response for on-going investor/consultant requests relative to investor reporting.
- Assist the Portfolio Accounting and Portfolio Management teams with Fund cash analyses and projections to determine cash needs or cash availability for distribution.
- Work directly with independent auditors to complete year end Fund audits and tax filings.
- Have a continuous improvement mind-set; ability to seek out and implement internal or external best practices.
- Strong analytical abilities and perseverance to solve problems with high attention to detail
- Other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1-10 employees
