Real Estate Potfolio Manager Job at Crescent Tree Staffing Solutions, Fayetteville, AR

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  • Crescent Tree Staffing Solutions
  • Fayetteville, AR

Job Description

Job Description

Essential Functions:

  • Review monthly property financials prepared by third-party property management.
  • Communicate and interact with third-party property management team.
  • Work with property management to obtain variance report narrative and provide month over month, quarterly and annual analysis.
  • Create and maintain property financials dashboards. Maintain balance sheet reconciliation for all properties on a monthly basis.
  • Note exceptions, trends, extreme over/under budget conditions.
  • Monitor and report debt service coverage ratios for properties with such covenants.
  • Monitor tenant AR details for non-payments, delayed payments and other irregularities, and assist Asset Management in identifying collection issues.
  • Track assigned property budgets to identify and discuss any cost/budget issues with Asset Management.
  • Review/prepare and propose property related journal entries to accurately account for all costs.
  • Assists with preparation of year-end work papers for properties to facilitate audit and tax return preparation.
  • Prepares and engages best practices for property accounting analysis.
  • Provide ad hoc analysis and reporting as needed.
  • Assist Asset Management Department with special accounting tasks.
  • Work and collaborate with accounting, asset management, and third-party property manager teammates.

Requirements

  • BA or BS in Accounting, Finance or related fields.
  • 3-5 years of accounting experience inCommerical or Industrial Real Estate accounting or experience in accrual-based accounting for residential properties.
  • Thorough understanding of generally accepted accounting principles and fixed asset accounting.
  • Demonstrated experience with preparing financial statements and monthly variance analysis.
  • Demonstrated ability to work with minimal supervision.
  • Technical skills required – Microsoft Word, Excel, Outlook, NetSuite.
  • Understanding of real estate tax issues.
  • Excellent Interpersonal, verbal and written communication skills.
  • Ability to work within a team-based environment.
  • Ability to handle multiple tasks.
  • Planning and organizational skills.
  • Yardi experience preferred.

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