Portfolio Accountant Job Description
Portfolio accountant
provides support to the Senior Manager of Revenue & Royalty Accounting to resolve US GAAP Revenue accounting issues as needed.
Portfolio Accountant Duties & Responsibilities
To write an effective portfolio accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included portfolio accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Review and analyze property financial reports that include incomes statements, balance sheets, general ledgers, cash flow statements, bank reconciliations and other support documentation, to ensure material accuracy of property level reporting
Monitor portfolio cash needs through periodic review of property level funding requests, forecasted cash activity and client distributions requirements
Calculate portfolio investment returns, Assets under Management and fees for the designated group of portfolios
Deliver accurate financial information to clients in accordance with client investment management agreements, authoritative accounting rules, industry standards and company policies and procedures
Prepare requests for new legal entity setup, new GL accounts, report formats, and recurring journal entry roll ups within core accounting system
Facilitate request for information for internal and external audits
Assist tax consultants with tax return preparation, provisions and estimates where applicable
Perform special portfolio and firm projects as needed
Compilation of acquisition, disposition, and loan financing entries'
Monitoring portfolio cash needs through periodic review of property level funding requests, forecasted cash activity and client distributions requirements
Portfolio Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Portfolio Accountant
List any licenses or certifications required by the position: CPA
Education for Portfolio Accountant
Typically a job would require a certain level of education.
Employers hiring for the portfolio accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Education, Business/Administration, Communication, Real Estate, Public Accounting, Management, Financial Services
Skills for Portfolio Accountant
Desired skills for portfolio accountant include:
Investment accounting principles
US GAAP
Partnership Accounting
Technical accounting concepts
Audit staff
Collaboration with team members
Commercial leases and revenue related recoveries is strongly
GAAP
Heitman and client specific reporting templates
Industry rules and regulations
Desired experience for portfolio accountant includes:
Calculating portfolio investment returns, Assets under Management and fees for the designated group of portfolios
Delivery of accurate financial information to clients in accordance with client investment management agreements, authoritative accounting rules, industry standards and the company's policies and procedures
Preparing requests for new legal entity setup, new General Ledger accounts, report formats, and recurring journal entry roll ups within core accounting system
Facilitating request for information for internal and external audits
Assisting tax consultants with tax return preparation, provisions and estimates where applicable
Special portfolio and firm projects as needed
Portfolio Accountant Examples
1
Portfolio Accountant Job Description
Job Description Example
Our growing company is hiring for a portfolio accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for portfolio accountant
- Ownership of exception resolution through daily review procedures
- Producing and verifying periodic and ad hoc reports of client investment positions and transactions in accordance with agreed format, data content and scheduling requirements
- Working directly with counterparts across Client Support and Performance, input to, agree and manage schedules for production of client reporting
- Ensuring timely resolution of production issues in accordance with deadlines
- Providing information from internal accounting or external counter-party records as requested
- Supervising account transitions to ensure accurate accounting records are maintained for new/lost clients and any new/changing reporting requirements are addressed
- Prepare schedules and supporting workpapers for monthly NAV closes
- Assist in processing loan activity and private deal closings
- Prepare and review daily and month end position and cash reconciliations
- Assist in the quarterly and year end custody/non custody confirmations
Qualifications for portfolio accountant
- Complete ad hoc requests and projects
- Assist with team’s efforts in calculating, interpreting, and communicating financial performance returns
- Monthly financial analysis, including review of property accounting information prepared by joint venture partners
- Assist with cash management responsibilities
- Calculate and communicate financial performance returns effectively
- Complete monthly financial analysis
2
Portfolio Accountant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a portfolio accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for portfolio accountant
- Assist with monthly, quarterly and annual reporting requirements
- Assist with year end audit and tax requirements
- Analyze property operating statements
- Complete special projects including due diligence review, leasehold analysis, consultant/client questionnaires
- Make decisions on issues that may arise on financial reporting, operational workflow, valuation, over/under expense accruals, fund accounting
- Support all Infrastructure businesses in relation to all cash activity including FX hedging programs
- Develop and maintain standard processes and procedures around all cash activity
- Advise the team as required on hedging strategies and borrowing requirements
- Forecast and management of capital calls and finance drawdowns to achieve maximum results for the fund
- Document and management all intercompany loan documentation including transfer pricing across multiple jurisdictions
Qualifications for portfolio accountant
- Two years investment accounting /operations/account reconciliation experience
- Two or more years of accounting experience, real estate/public accounting experience strongly preferred
- Bank Reporting and liaison with cash reconciliations team on any cash breaks
- Co-ordinate and manage any reporting requirements around third party finance or depository providers at the fund level
- Co-ordination of payables processing with Account Payable
- Monthly reconciliation of expenses paid and budget tracking
3
Portfolio Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of portfolio accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for portfolio accountant
- Distributions, journal entries, GL accounts
- Supervising AP/AR/Staff Accountants
- Supervision, coordination and management of country finance managers
- Ensure timely processing of invoicing including maintenance of a billing diary
- Determine mutual fund book-tax differences on investments such as equities, bonds, futures, options, forwards, swaps, foreign securities, in order to compute the funds' investment company taxable income
- Reconcile fund accounting trial balances, dividend/interest reports, realized gain/loss reports, holdings
- Prepare income and excise tax provisions, along with supporting schedules and worksheets
- Prepare all necessary tax filings
- Prepare fiscal-year-to-date income distribution monitors
- Calculate multi-class dividend rates on monthly/quarterly distributing funds
Qualifications for portfolio accountant
- Experience within a group finance or financial services role
- Experience in Cash Management, FX and Risk analysis
- Strong knowledge of internal controls required around cash movements
- Ability to interpret financial models and large volumes of data
- Team player who works well independently with others
- Bachelor’s degree with major in Accounting highly preferred or Master’s degree in Accounting
4
Portfolio Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking for a portfolio accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for portfolio accountant
- Analyze dividend income to determine portion qualifying for reduced tax rates
- Review distribution components to compute amounts subject to possible withholding
- Reconcile differences between internal tax automation system and accounting reports
- Analyze custodian data against accounting system to identify potential problems
- Compile loan data and create loan servicing packages for lenders and borrowers
- Acquire subject matter expertise in the functions and activities of the department
- Researches and resolves a variety of issues that may be complex in nature
- Consults with management and personnel to identify, define and document business needs and objectives, current operational procedures, problems, and requirements
- Acts as a liaison between departmental end-users and information technology analysts in the analysis, design, configuration, testing and implementation of new system modules and functionality
- Participates in the analysis of the feasibility of enhancements to existing systems and ensures the system design fits the needs of the users
Qualifications for portfolio accountant
- Public Accounting experience (especially Big 4) highly preferred
- CPA or working towards CPA credential a big plus
- Demonstrated leadership ability, capable of working independently, strong organizational skills and flexibility are important skills
- A minimum of 2-3 years accounting and finance work history
- 3+ years of public accounting experience (with asset management, hedge fund, private equity fund of funds clients) OR fund administration experience
- Hungry, eager to learn and grow within the organization
5
Portfolio Accountant Job Description
Job Description Example
Our growing company is hiring for a portfolio accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for portfolio accountant
- Participates in user acceptance testing and testing of new system functionality and troubleshoot bugs and/or defects discovered
- Conducts relevant training sessions for business users covering any new products, process, system enhancement, and/or functionality
- Develops policy and procedures to improve efficiency, cost-effectiveness, and/or improve internal and external deliverables
- Work closely with alternative investments committee to keep abreast of new complex securities slated for development anticipated volume on current instruments
- Work with various prime brokers as required
- Assist with non-routine Portfolio Accounting processes such as transfers in-kind, fund launches, fund liquidations, static data changes
- Input cash and other balancing information for accounts, maintain month-end market value reconciliations, and maintain internal files and records associated with the performance of duties in accordance with department standards
- Prepare And Process Tenant Deposits
- Review And Approve Applicant Credit Reports
- Process Rent Payments
Qualifications for portfolio accountant
- Have excellent system skills advanced excel
- Undergraduate degree in Accounting, Business or Finance strongly preferred
- Intermediate/Advanced proficiency with Excel is required along with the Microsoft Office suite
- Prior mutual fund accounting, retail or institutional accounting experience is preferred, not required
- Excellent attention to detail, time management, and multi-tasking abilities
- Understand and comply with all relevant Henderson policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time