Portfolio Senior Accountant

GetHired, Inc.; Baltimore, Northern (MD, KY); Hybrid; USD 85,000 - 125,000; Full time

Job summary

MCB Real Estate, based in Baltimore, MD, seeks a senior accounting professional to manage full-cycle accounting and financial reporting for a blended portfolio of multi-tiered joint ventures in commercial real estate.

The role oversees property reporting, ledger entries, month-end close, investor reporting, distributions, debt covenants, and support for tax and audit cycles, requiring GAAP proficiency, strong Excel skills, and meticulous accuracy.

Qualifications

• BS/BA in Finance & Accounting from an accredited institution.
• Minimum of four (4) years’ experience in full cycle commercial real estate accounting and/or public accounting with a primary focus on the real estate industry.
• Experience with GAAP, Tax and FMV reporting.
• Experience with consolidation accounting and equity method accounting.
• Experience working within an Investor portal environment. AppFolio knowledge preferred.
• MRI software and Avid Payables user knowledge is preferred.
• Microsoft Office software suite proficiency required, including advanced Excel proficiency.
• Effective oral and written communication skills; excellent accuracy/proofreading and attention to detail in all work products.
• Proficiency and consistency with prioritizing workload, multi-tasking, working independently and meeting work deadlines. Flexibility to assist on ad-hoc projects or assignments and utilize critical thinking for problem resolution is needed.
• Superior Client, colleague, and Customer service is required while maintaining the highest standard of work ethics and trustworthiness.
• Experience with drafting policy, procedures and workflows.

Responsibilities

• Financial Report Review & Analytics - Review of property reporting, ensuring accuracy, provided by Property Accounting in preparation for consolidation and JV financial reporting. Prepare and communicate AJEs where needed.
• General Ledger - Create and post entries, reconciliation, and maintain current supporting schedules for assigned GL accounts. Cash posting, monitoring, and bank reconciliations are required.
• Month-end and Quarter-end Reporting- Work closely with the Property Accounting and Asset Management Teams to prepare month-end financial reports and quarter-end investor reporting, ensuring accuracy, correct accounting treatments, and adherence to deadlines.
• Capital Events Support – Assist Asset Management with the preparation of monthly and quarterly distributions, Capital Calls, and waterfall preparation/analytics.
• Debt Covenants - Prepare and deliver reports necessary for debt compliance, to include preparing and monitoring certain Guarantor requirements.
• Tax & Audit – Assist with annual tax and audit cycle (including preparation of tax and audit workpaper packages).

Skills

GAAP reporting

Tax reporting

FMV reporting

Consolidation accounting

Equity method accounting

Investor portal experience

Excel advanced

Communication skills

Policy/procedures drafting

Education

BS/BA in Finance & Accounting

Tools

AppFolio

MRI software

Avid Payables

Excel

Microsoft Office

Job description

MCB Real Estate (“MCB”) is a privately held, fully integrated national real estate development and investment company based in Baltimore, MD. As a vertically integrated company with internal development, construction, and commercial property management divisions, MCB is involved in all facets of the real estate investment cycle. MCB manages approximately $4bn of real estate assets on behalf of its primarily institutional investment base.

MCB provides equal employment opportunities to all employees and applicants for employment and prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Additionally, we are committed to fostering, cultivating, and preserving a culture of diversity, equity and inclusion. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.

This employment practice applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, layoff, termination, recall, transfer, leaves of absence, compensation and training.

JOB SUMMARY

This senior accounting role is responsible for the full range of accounting processes and financial reporting for a blended portfolio of multi-tiered Joint Ventures that hold investments in commercial real estate, development, and related investment vehicles.

JOB ESSENTIAL RESPONSIBILITIES

The following is not an all-inclusive list of job responsibilities; other job-related duties may be added or changed at any time by MCB as the general position responsibilities evolve and to support business needs.

Financial Report Review & Analytics - Review of property reporting, ensuring accuracy, provided by Property Accounting in preparation for consolidation and JV financial reporting. Prepare and communicate AJEs where needed.

General Ledger - Create and post entries, reconciliation, and maintain current supporting schedules for assigned GL accounts. Cash posting, monitoring, and bank reconciliations are required.

Month-end and Quarter-end Reporting- Work closely with the Property Accounting and Asset Management Teams to prepare month-end financial reports and quarter-end investor reporting, ensuring accuracy, correct accounting treatments, and adherence to deadlines.

Capital Events Support – Assist Asset Management with the preparation of monthly and quarterly distributions, Capital Calls, and waterfall preparation/analytics.

Debt Covenants - Prepare and deliver reports necessary for debt compliance, to include preparing and monitoring certain Guarantor requirements.

Tax & Audit – Assist with annual tax and audit cycle (including preparation of tax and audit workpaper packages).

KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES

• BS/ BA Degree from an accredited institution with a Finance & Accounting focus.
• Minimum of four (4) years’ experience in full cycle commercial real estate accounting and/or public accounting with a primary focus on the real estate industry.
• Experience with GAAP, Tax and FMV reporting.
• Experience with consolidation accounting and equity method accounting.
• Experience working within an Investor portal environment. AppFolio knowledge preferred.
• MRI software and Avid Payables user knowledge is preferred.
• Microsoft Office software suite proficiency required, including advanced Excel proficiency.
• Effective oral and written communication skills; excellent accuracy/proofreading and attention to detail in all work products.
• Proficiency and consistency with prioritizing workload, multi-tasking, working independently and meeting work deadlines. Flexibility to assist on ad-hoc projects or assignments and utilize critical thinking for problem resolution is needed.
• Superior Client, colleague, and Customer service is required while maintaining the highest standard of work ethics and trustworthiness.
• Experience with drafting policy, procedures and workflows.

PHYSICAL REQUIRMENTS

This position is performed in an office setting with extended periods of sitting and computer/keyboard use; reading documents; spreadsheet calculations; phone and other electronic equipment. Typing dexterity needed; minimal lifting (<20 lbs.).

Term of Employment Notices: All job offers with MCB are contingent upon receipt of satisfactory background reports. Background reports include federal and state criminal, identity, and in certain job categories will include credit, and/or driving record.

All employees are required as a term of employment with MCB to sign a Confidentiality Agreement.

Unless otherwise stated in the job posting, all posted positions are classified as full-time, regularly reporting in-person to an assigned work location.