Director, Portfolio Finance & Accounting
Dallas, TX
Full Time
Senior Manager/Supervisor
ABOUT ELEVATE PROPERTY PARTNERS
Elevate Property Partners is a nationally recognized real estate investment and management firm focused on delivering value across multifamily communities. We are committed to innovation, operational excellence, and creating long-term growth for our residents, partners, and team members.
OPPORTUNITY OVERVIEW
Partner with Ownership, Asset Management, and third-party Operators to deliver accurate financial reporting, cash flow management, and strategic oversight across a growing multifamily portfolio. Reporting to the Senior Vice President, this role serves as the primary finance and accounting point of contact for all portfolio assets — managing cash flow projections, supervising accounting staff, coordinating with lenders, and driving process improvements across a dynamic, growth-oriented environment.
RESPONSIBILITIES & DUTIES
Cash Flow & Financial Reporting
QUALIFICATIONS
Elevate Property Partners is a nationally recognized real estate investment and management firm focused on delivering value across multifamily communities. We are committed to innovation, operational excellence, and creating long-term growth for our residents, partners, and team members.
OPPORTUNITY OVERVIEW
Partner with Ownership, Asset Management, and third-party Operators to deliver accurate financial reporting, cash flow management, and strategic oversight across a growing multifamily portfolio. Reporting to the Senior Vice President, this role serves as the primary finance and accounting point of contact for all portfolio assets — managing cash flow projections, supervising accounting staff, coordinating with lenders, and driving process improvements across a dynamic, growth-oriented environment.
RESPONSIBILITIES & DUTIES
Cash Flow & Financial Reporting
- Review monthly financial statements and key balance sheet reconciliations prepared by third-party Operators; follow up directly on discrepancies.
- Prepare and maintain monthly cash flow models for multiple assets and rolling projections forward multiple months to forecast capital contributions from various capital partner fund structures.
- Coordinate quarterly capital contributions with multiple stakeholders within fund ownership structure.
- Anticipate and resolve questions related to projections from Asset Management and fund management divisions.
- Review revenue, operating expenses, debt service, taxes, insurance, and capital project projections for accuracy and cash basis timing alignment.
- Maintain distribution reports and coordinate cash distributions to capital partners for assets generating returns.
- Coordinate with Treasury personnel to understand working capital balances across multiple assets, requiring knowledge base of Treasury concepts.
- Assist in the preparation of budgets, focused on non-operating expenses and cashflow impacts.
- Oversee third-party Operators lender draw preparation processes.
- Lead lender reserve draw processes — administer draw schedules, reconcile supporting documents, and coordinate receipt of capital project reimbursements at least quarterly.
- Reconcile tax, insurance, and other escrow accounts to ensure adequate funding; request release of excess cash when accounts are overfunded.
- Oversee Sr. Portfolio Accountant responsibilities, work product, and professional development.
- Provide technical accounting guidance to in-house accountants and third-party Operators.
- Conduct monthly/quarterly review calls with all Operators covering financial data accuracy and overall process/procedure/policy adherence.
- Serve as audit and tax point of contact, including preparation of annual workpapers and draft reports for year-end tax returns and external audits.
- Develop and enforce cash management and balance sheet reconciliation SOPs across all Operators; train teams and recommend process improvements.
- Assist the SVP with ad hoc projects.
QUALIFICATIONS
- Bachelor’s degree in Accounting or Finance required; Master’s degree/MBA preferred
- CPA preferred
- 4+ years of prior Real Estate property-level accrual basis accounting
- 2+ years of prior Real Estate ownership/fund-level accounting
- 2+ years of management experience
- Multifamily property accounting experience preferred
- Proficiency in Microsoft Excel and strong financial modeling skills
- Experience with Yardi, Entrata, and/or RealPage property management software preferred
- Experience analyzing cash flow projections and financial statements for reasonableness and accuracy
- Experience working closely with Asset Management and FP&A divisions
- Highly motivated self-starter who a successful track record of managing multiple assignments and meeting deadlines in a fast-paced environment.
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