Portfolio Accountant

Clarion Partners has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners operates independently as a Specialist Investment Manager owned by Franklin Templeton (FT), a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals.

Position Description:

Portfolio Accountant-Funds will perform financial, accounting and reporting functions for an open-end core fund.  Responsibilities include:

• Review and analyze property financial reports that include incomes statements, balance sheets, general ledgers, cash flow statements and other support documentation, to ensure material accuracy of property level reporting, and provide variance explanations for a portfolio of real estate assets.
• Investment level accounting functions such as compilation of acquisition, disposition, loan financing entries, fair value adjustments, audit adjustments, waterfall entries, minority interest entries, elimination entries, portfolio consolidations and reporting, bank reconciliations, NCREIF data submissions, debt compliance, and maintenance of portfolio support schedules.
• 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.
• Quarterly investor reporting including preparation of investor statements and fee statements.
• Prepare requests for new legal entity setup, new GL accounts, report formats, and recurring journal entry roll ups within core accounting system.
• Assist independent auditors and tax consultants with annual engagements and quarterly tax estimates.
• Special projects, as required

Job Requirements:

·         2-5 years minimum experience

·         Real estate accounting background preferred

·         Audit experience with a public accounting firm

·         CPA certification (or close)

·         Bachelor’s degree in accounting or business

·         Microsoft Excel required with knowledge of MRI or comparable system a plus

·         Highly motivated self-starter who must be able to meet tight reporting deadlines

·         Excellent analytical skills with ability to independently solve problems

·         Strong verbal and written communication skills

·         Excellent interpersonal skills

Clarion Partners is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. Clarion Partners offers generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs.

Clarion Partners is committed to fostering an inclusive environment. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

Artificial intelligence or automated tools may be used to assist in the screening, assessment, or selection of applicants for this position.