Partnership Accountant
Onsite, Norfolk, VA Corporate Office
Harbor Group International (HGI) is a leading global real estate investment and management firm. With more than $20 billion in assets under management, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 40 years of experience in the industry and over 1,500 employees worldwide, HGI continues to look for real estate investment opportunities.
We are seeking a degreed Partnership Accountant to join our Partnership Accounting team within the Accounting & Finance Department at HGI’s corporate office. HGI has a complex and multi-tiered partnership structure with new fund and investor level entities being created with each new real estate acquisition. The Partnership Accountant will be responsible for maintaining the books and records for all the upper-tier partnership entities in the deal structure. This position requires a solid understanding of basic accounting principles, strong Excel skills, and the ability to learn Yardi accounting software. The Partnership Accountant will have the opportunity to join a dynamic team motivated to continuously improve processes through innovation and ideas from the team.
Essential Duties and Responsibilities:
- Responsible for setting up and maintaining partnership books in Yardi accounting software, including preparing journal entries.
- With each new acquisition, help review partnership operating agreements and acquisition closing documents to ensure that initial general ledgers are set up correctly in Yardi.
- Review and interpret entity organizational structure charts.
- Consult with Partnership Accounting leaders to tie out asset acquisition costs, investor contributions, and recommend transfers of partnership cash to deal level accounts.
- Upload and track investor commitments, contributions, and ownership percentages in Yardi.
- Review bank reconciliations and make appropriate adjusting entries.
- Work with Investor Relations team to post or process distribution batches when necessary to act as backup.
- Assist with reviewing books and records to provide to CPA firms and answering follow-up questions for year-end tax work.
- Work with IT department, Investor Relations, and Partnership Accounting team on Yardi software upgrade and process improvement initiatives.
- Regularly contribute to team goals to develop efficient processes utilizing technology and innovation.
- Support Director of Investment Accounting and Manager of Partnership Accounting with special projects as needed.
Experience, Skills and Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor's degree in Accounting or an equivalent discipline.
- 1-2 years of relevant work experience in public accounting and/or private industry. One year of public accounting experience preferred.
- CPA or CPA candidate preferred.
- Strong oral and written communication, good listening skills, and excellent attention to detail.
- Ability to work in a fast-paced environment and manage well through ambiguity and complexity.
- Strong organizational skills with the ability to prioritize and handle multiple tasks simultaneously.
- Ability to assimilate and summarize large quantities of data precisely and succinctly.
- Ability to balance time during busy annual reporting/ tax season.
- Self-motivated and able to work independently and collaboratively.
- Drive to help the team continuously improve through learning and innovation.
- Very strong Excel skills required (ex. v-lookups, pivots, etc.).
- Ability to learn Yardi accounting system. Previous experience with Yardi a plus.
The Perks:
- Beautiful downtown office building that offers amenities such as free, covered parking, a discounted on-site fitness facility, on-site dining, car washing service, dry cleaning pick-up and delivery, and outside green space with views of the Elizabeth River.
- A comprehensive benefits package that includes an extensive list of health & retirement options.
- An environment that supports learning & development, along with an education assistance program.
This position is based out of the Norfolk, VA corporate office.
Harbor Group is an Equal Opportunity Employer
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