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Accounting Manager – Real Estate Portfolio Finance
Location: Boston, Massachusetts
Workspace Type: On-site
Base Salary: $135,000 - $160,000
We are conducting a confidential search for an Accounting Manager (or heavy Lead Senior Accountant – RE Portfolio Finance) on behalf of a highly regarded private real estate investment firm.
This is a broad real estate accounting position supporting a portfolio of institutional commercial properties held through funds and joint ventures. The Accounting Manager will serve as the internal accounting owner for assigned investments, oversee reporting completed by third-party property teams, and work closely with senior accounting leadership and colleagues across Asset Management, Acquisitions, Finance, Tax, and Construction.
The opportunity offers considerably more variety than a traditional roles. Responsibilities span portfolio oversight, financial reporting, joint ventures, debt compliance, audits, transactions, development activity, and process improvement.
What you will do
- Oversee accounting and reporting for an assigned portfolio of commercial real estate investments.
- Review work completed by third-party property accounting teams, including monthly reporting, rent rolls, lease activity, cash, budgets, forecasts, and operating expense recoveries.
- Prepare or review property, combined, and joint venture financial reporting, including balance sheets, income statements, cash flows, and supporting schedules.
- Support capital calls, distributions, management fees, income allocations, and waterfall calculations.
- Coordinate loan compliance, including covenant reporting, debt-service calculations, mortgage activity, and loan or escrow draws.
- Manage year-end audit requirements and assist with financial statements and footnotes under fair value GAAP and tax-basis reporting.
- Partner with transaction teams on acquisitions and dispositions, including diligence, settlement statements, prorations, opening and closing entries, and post-close true-ups.
- Support development accounting, special projects, and improvements to reporting processes and controls.
What we are looking for
- Approximately four or more years of relevant experience in commercial real estate accounting, real estate portfolio or fund accounting, development accounting, or public accounting with meaningful real estate clients.
- A strong understanding of financial statements, cash flows, GAAP accounting, and the economics of real estate investments.
- Experience in several—not necessarily all—of the following areas: CAM or tenant recoveries, joint ventures, fair value reporting, waterfalls or promotes, loan compliance, year-end audits, acquisitions and dispositions, or development accounting.
- Ability to take ownership of deadlines, review detailed work, solve problems, and communicate effectively with accounting and non-accounting stakeholders.
- CPA, advanced degree, MRI or Yardi experience, and prior staff supervision or mentoring are helpful but not required.
Candidates do not need to check every box. The firm is open to strong real estate accounting, audit & finance professionals who bring the right technical foundation, judgment, communication skills, and potential to grow into additional areas of responsibility.
Why consider this opportunity
- Broad exposure across the full life cycle of commercial real estate investments.
- A visible role working with experienced accounting leadership and multiple investment and operating teams.
- An established, collaborative environment with meaningful professional development opportunities.
- Strong benefits, including substantial employer support for medical, dental, and vision coverage; a dollar-for-dollar 401(k) match on the first 5% of employee contributions; three weeks of vacation; paid sick time and holidays; paid parental leave; and tuition reimbursement.
Company information will be shared with qualified candidates during the confidential recruiting process.
Job ID: 1909
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