Manager, Portfolio Accounting

Manager, Portfolio Accounting

About the Company

Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $5.3B in assets under management, our clients invest through separately managed accounts and commingled funds.

Sagard Real Estate is based in Denver with regional offices in New York City, Charlotte, Los Angeles, San Francisco and Austin metro areas.

This role is performed onsite and located in Denver, Colorado. Hybrid scheduling is available.

About the Role

The Manager, Portfolio Accounting position will report to the Director, Portfolio Accounting and will lead, train and supervise both internal portfolio accountants and third-party property accountants. The Manager, Portfolio Accounting will oversee the operations of their assigned portfolios, which may include but are not limited to separately managed accounts, open-end structures and closed-end structures as well as the underlying real estate investments in each structure. This includes interfacing with investors on transactions, managing cash flows, corporate governance, general ledger accounting, financial reporting, tax matters and collaboration with various internal teams as well as the outsourced property accounting services provider. Additionally, the Manager, Portfolio Accounting will lead process improvement initiatives across the accounting department. This position requires a hands-on dynamic personality ready to lead and contribute to a growing organization.

Key Job Duties

• Responsible for the general day-to-day maintenance of the general ledger for separate accounts and funds including closing the books for the fund entities, property accounting reviews, working with finance, investor relations, outsourced accounting providers, and other teams to meet close deadlines and reporting requirements.
• Prepare and review general ledger accounting reconciliations, identify and research unique transactions, prepare fund roll ups and consolidations.
• Onboard new investors, funds, and separate accounts as assigned.
• Review and provide feedback on monthly financial reporting packages and portfolio transactions (i.e. loan modifications, acquisitions, & dispositions, JV buy-outs).
• Review and provide support on quarterly capital reconciliations, annual CAM recs and budgeting process.
• Assist with the preparation of monthly / quarterly fair value financial statements, footnotes, and internal reporting packages. Provide P&L analysis to internal stakeholders.
• Oversee monthly / quarterly cash management, distribution analyses, review wires / book transfers and approve payable invoices for the funds.
• Project manage multiple audits and tax return filings by providing supporting documentation and assisting with the coordination of the audit and tax teams. Coordinate tax payments to various jurisdictions as necessary.
• Assist with quarterly fund performance & waterfall calculations.
• Lead and supervise the daily accounting process for all assigned portfolio accountants and 3rd party property accountants; coordinate with other accounting teams to manage a timely and effective close process.
• Hire, train, effectively lead and develop team members. Motivate and promote professional excellence and professional development. Provide regular feedback, assist with establishing clear priorities and goals and track against goals during the year.
• Work closely with the Director, Portfolio Accounting on identifying and implementing process improvement initiatives, policies, controls, and documentation.
• Assist the Director, Portfolio Accounting in researching accounting, legal and tax issues surrounding topics such as ERISA, consolidation, fund structuring, UBTI, property valuations and other fund and property matters.
• Provide outstanding customer service to internal and external customers.

Education and Experience Required

Knowledge, Skills, and Abilities

Starting Base Salary Range : $110,000 to $135,000 Annually (USD)

Employee benefits include : Flexible Time Off, 401k Matching Program, Competitive Medical, Dental and Vision plus FSA and HSA options, Paid Caregiver Leave Benefits, Commuter Pre-Tax Savings Program (Parking and Mass Transit), College Tuition and Continuing Education Reimbursement, Mentorship and Leadership Development Opportunities, Paid Social and Engagement Events Throughout the Year, And More

Sagard's Commitment to Diversity and Inclusion is evident and continuously showcased from dedicated workgroup efforts and programming for recruitment, inclusive culture, retention, and training initiatives throughout our organization. To learn more about Sagard's ESG initiatives and how our inclusion efforts support, visit sagard.com / responsibility.

Sagard's Commitment to Applicants is evident with no discrimination in our recruitment process due to race, color, disability, creed, gender, sexual orientation, gender identification, age, religion, national origin, citizenship, marital status, veteran status, or any protected category by local, state or federal laws.