Portfolio Accountant

  • Company

    BlackRock

  • Location

    USA-NJ-Morristown

  • Compensation

    not disclosed

  • Position Type

    Permanent

  • Employment type

    Full time

  • Updated

    20 Nov 2009

  • eFC Ref no

    527464
See job description below

BlackRock takes a dynamic approach to alternative investments, creating investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with low correlations to the broad equity and bond markets, including private equity, real estate equity and debt, hedge fund of funds, single-strategy hedge funds, long-only absolute return strategies, commodities and structured products. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm's considerable resources in areas such as risk management, product development, client service and operational support.

The Real Estate team manages private real estate debt and equity in the U.S., Europe, Australia and Asia. Investments span a wide range of strategies, including core, value-add and opportunistic equity and high-yield debt, for a premier list of institutional and private investors. As of March 31, 2008, BlackRock managed approximately US$31.4 billion in such assets.BlackRock Realty Advisors is a leading real estate investment firm with over $20 billion of assets under management on behalf of nearly 100 institutional clients (www.blackrock.com).

The Portfolio Accountant (Analyst) is responsible for general accounting function relating to a real estate portfolio consisting of multi-housing properties and residential joint ventures. This position reports to the Senior Accountant of the group.

Responsibilities


  • Processing, reviewing, analyzing, and recording property and portfolio related operating data into financial statements in accordance with Generally Accepted Accounting Principles.

  • 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.

    • Skills and Qualifications


  • Ability to work independently, and as part of a team that includes Asset Management, Information Systems, Valuations, Marketing, Risk Management, and Acquisitions.

  • 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.

  • Financial and analytical skills, real estate operations preferred, and problem solving skills.

  • Strong interpersonal and communication skills to deal with property and portfolio personnel.

  • Bachelors Degree in Accounting required.

  • New college grad would be preferred.

    • Company:

      BlackRock

    • Recruiter Ref:

      3758

    • Note: Please quote eFC Ref: 527464 when applying for this job.

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