About TA Realty LLC

Founded in 1982 and one of the largest real estate investment firms in the nation, TA Realty LLC has acquired, invested in, and/or managed over $30 billion of real estate on behalf of hundreds of U.S. and non-U.S. institutional investors and clients. Leveraging deep expertise in acquiring, developing, managing, and selling real assets in the U.S., we focus on delivering value to investors and communities through a combination of value-add closed-end, core open-end, and customized separate/advisory account strategies.

TA Realty manage value-add closed-end, core open-end and customized separate/advisory accounts investment vehicles for U.S. and international investors. 

For more information visit: www.tarealty.com

Description

Job Title:          Portfolio Accountant

Department:     Investor Accounting

Location:          Boston, MA

Role Summary:

The Portfolio Accountant will be responsible for assisting in the monthly, quarterly and annual financial close process and will report directly to the Assistant Controller or Controller(s) for the assigned funds and/or relevant separate accounts.

The Portfolio Accountant will bring foundational technical expertise and work across multiple functions and disciplines within the firm including investor relations, corporate accounting, acquisitions, asset management, portfolio management, valuations and dispositions.  The successful candidate will also engage with and work closely with outside third parties, including audit and tax providers, third party administrators, the National Council of Real Estate Investment Fiduciaries (NCREIF), consultants, investors, lenders and external legal counsel.

Essential Job Functions:

• Monitor/review monthly financial reports prepared by third party property managers for assigned real estate assets, including:
• • Oversee third-party property managers
  • Provide guidance on the firm’s accounting practices and ensure compliance
  • Review of financial performance (budget v. actual)
  • Evaluate the fluctuation in NOI
  • Review of outstanding tenant receivables
  • Review of capital transactions
  • Meet periodically with Asset Managers to review property and management company performance
  • Review of monthly property cash flow projections
• Complete periodic desk top audits and communicate results to Asset Managers, including:
• • Recovery income audits
  • Lease administration audits
  • Real estate tax audits
  • Property management expense audits
• Complete quarterly and annual financial close, including:
• • Assist with the preparation of financial statements and underlying schedules
  • Prepare quarterly debt covenants
  • Prepare quarterly consultant/investor reports
  • Coordinate with external audit and tax team on required deliverables
  • Prepare quarterly NCREIF deliverables
  • Review property and fund level returns for accuracy
• Additional responsibilities may include:
• • Calculate monthly management fees and prepare forecasts
  • Review monthly fund level bank reconciliations
  • Prepare fund level wire requests
  • Prepare fund level draw requests
  • Prepare investment acquisition and disposition entries
  • Ad hoc projects and requests as needed

Education, Experience & Qualifications:

• Undergraduate degree in accounting is required
• 2-3 years accounting experience is a must
• Public Accounting & Real Estate Accounting experience strongly preferred
• Strong Microsoft Excel skills critical; Yardi familiarity a plus
• Excellent communication, organization, and prioritization skills
• Analytical nature with high attention to detail
• Strong work ethic with a desire to learn
• Ability to handle multiple tasks and adapt to changing needs within the office