eFinancialCareers

• Company

  BlackRock Inc.

• Location

  USA-NJ-Morristown

• Compensation

  not disclosed

• Position Type

  Employee

• Employment type

  Full time

• Updated

  21 Nov 2008

• eFC Ref no

  470731

Portfolio Accountant – Real Estate, Florham Park, NJ

BlackRock Real Estate:

BlackRock Realty Advisors is a leading real estate investment firm with approximately $30 billion of assets under management on behalf of nearly 100 institutional clients (www.blackrock.com).

Responsibilities:

The Portfolio Accountant is responsible for general accounting function relating to a real estate portfolio consisting of multi-housing, commercial and/or joint ventured properties. The Portfolio Accountant will be responsible for processing, reviewing, analyzing, and recording property and portfolio related operating data into financial statements in accordance with Generally Accepted Accounting Principles. This position reports to the Accounting Supervisor/Senior Accountant or Vice President of the group.

In addition, the position will also require, to collect, verify, analyze, review and report monthly transactions from third party property managers or joint venture partners, ensure adherence to established accounting policies and procedures. Assist in the preparation of quarterly/annual financial statements including supporting schedules in accordance with GAAP. Work with joint venture partners accounting staff and management to ensure proper reporting and compliance. Assist with the maintenance of partnership financials statements and capital accounts including waterfall distribution calculations. Assist with workpaper preparation for external auditors on year-end audits. Assist with workpapers for external tax accountants as part of the year end income tax return preparation.

Job Qualifications:

The Portfolio Accountant must be able to work independently, and as part of a team that includes Asset Management, Information Systems, Valuations, Marketing, Risk Management, and Acquisitions. The position requires the ability to handle multiple tasks, meet reporting deadlines and be very flexible. Computer literacy is essential as many computer systems are used on a daily basis. The employee must also possess financial and analytical skills, real estate operations preferred, and problem solving skills. The Portfolio Accountant must have strong interpersonal and communication skills to deal with property and portfolio personnel. Minimum of 3-5 years accounting experience, real estate/property preferred and knowledge of financial statement preparation are required.