Portico has an amazing opportunity to join our team as a Transitions Accounting Manager!
Job Summary
The Transitions Accounting Manager is responsible for overseeing all accounting-related aspects of property onboarding and offboarding transitions. This role ensures the accurate setup, conversion, validation, and reconciliation of financial data while maintaining compliance with Generally Accepted Accounting Principles (GAAP), company policies, and internal controls. The Transitions Accounting Manager serves as the primary accounting liaison during property transitions, coordinating with internal departments, ownership groups, financial institutions, and third-party vendors to ensure a seamless and accurate transition process.
Key Responsibilities
Property Transition Management
- Lead and manage all accounting activities related to property acquisitions, onboarding, transitions, and offboarding.
- Develop, maintain, and oversee transition schedules, deliverables, and project milestones to ensure timely completion.
- Coordinate the collection, organization, and distribution of transition-related financial information, documentation, system credentials, and access rights.
- Partner with internal teams and external stakeholders to ensure smooth transition execution and communication.
Accounting Setup & Data Conversion
- Establish accounting records, property entities, bank accounts, and financial system configurations for newly onboarded properties.
- Obtain and maintain access to banking, lender, mortgage, utility, vendor, and third-party financial platforms.
- Import historical accounting data into company systems and validate the accuracy, completeness, and integrity of converted information.
- Prepare opening balance sheets and transition-related journal entries in accordance with GAAP.
Financial Analysis & Reconciliation
- Analyze financial statements, general ledger activity, and supporting documentation to identify discrepancies and ensure data accuracy.
- Perform balance sheet reconciliations and post-conversion cleanup activities.
- Investigate and resolve accounting variances, data inconsistencies, and transition-related issues.
- Ensure accurate financial reporting throughout the transition process.
Compliance & Process Improvement
- Ensure compliance with GAAP, company policies, internal controls, and established accounting procedures.
- Identify opportunities to improve transition processes, workflows, and controls.
- Develop and maintain documentation, checklists, and best practices to support consistent transition execution.
- Assist with audits and special projects as needed.
Qualifications
Required Education & Experience
- Bachelor’s degree in Accounting, Finance, or a related field.
- 6+ years of progressive accounting experience, preferably within real estate, property management, public accounting, or a related industry.
- Strong understanding of GAAP and financial reporting principles.
- Experience with financial system implementations, conversions, or property transitions preferred.
- Experience managing multiple projects and deadlines simultaneously.
Knowledge, Skills & Abilities
- Advanced Microsoft Excel skills.
- Strong analytical, organizational, and problem-solving abilities.
- Knowledge of real estate accounting, including purchase price allocations and property financial reporting.
- Ability to analyze complex financial data and develop effective solutions independently.
- Excellent verbal, written, and interpersonal communication skills.
- Strong attention to detail with a focus on accuracy, quality, and risk identification.
- Thorough understanding of debits, credits, general ledger structures, and account reconciliations.
- Ability to prioritize competing responsibilities in a fast-paced environment.
- Collaborative mindset with strong customer service and stakeholder management skills.
- Demonstrated accountability and ownership of work product and outcomes.
Physical Requirements
- Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions.
- Ability to communicate effectively in English.
- Ability to sit and work at a computer for extended periods.
- Ability to perform repetitive hand and wrist movements, including typing.
- Ability to occasionally lift up to 30 pounds.
- Ability to read and analyze printed and electronic documents.
Work Environment
- Primarily office-based environment with extensive computer usage.
- May require occasional work beyond standard business hours to meet transition deadlines.
- Limited travel may be required for property transitions, meetings, training, and company events.
- Moderate office noise environment.
Our Company is an equal Opportunity Employer. As a condition of employment, a satisfactory drug test and background check are required.
