Senior Portfolio Accountant in Waltham, MA at Benchmark Senior Living

Date Posted: 1/9/2020

Job Snapshot

  • Employee Type:
  • Location:
    Waltham, MA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Think senior living sounds boring? Think again. At Benchmark, we impact lives through human connection. We are thought leaders creating quality experiences and inspiring personal growth for all who engage with us. We just happen to imagine, build and manage beautiful, private-pay communities geared toward older adults. Are you Called to Care about your work, other people and making a difference? Do you believe that people and teams are Better Together than going it alone? Are you always striving to Be the Benchmark by which all others are measured? Then our core values match. Connect with us –and to what truly matters!

Benchmark Senior Living, based in Waltham, Massachusetts is the largest privately held provider of senior living services in the Northeast and is committed to setting the standard of excellence in senior housing. The company develops, owns and manages an array of senior living communities which offer independent living, assisted living, and specialized assisted living for the memory impaired. Benchmark operates 62 communities in Connecticut, Massachusetts, New Hampshire, Vermont, Rhode Island, Maine, New York and Pennsylvania.

The Senior Portfolio Accountant is responsible for day to day accounting and reporting for the co-investment entities, investor reporting, as well as assisting in month-end close related tasks. The position is also responsible for working with the Portfolio Accounting Manager to coach and review working the work of the Portfolio Staff Accountant.  Additionally, the role serves as a point of contact for any financial related needs for external business partners (i.e. investors & lenders).  As a primary financial resource, the Senior Portfolio Accountant must provide exemplary customer service both internally and externally.

The responsibilities also include the timely preparation of monthly financial packages, maintaining accurate and detailed work-papers, as well as coordinating and communicating financial information and results to home office personnel and external investors and lenders.  This role is involved in the more complex areas of accounting, such as related party transactions and investors’ capital activity.





  • Prepare and post standard journal entries
  • Analyze general ledger, process accruals, and complete monthly work-papers
  • Provide support and guidance to the Portfolio Staff Accountant(s), including training new hires and review of basic work-papers and journal entries
  • Prepare/Review monthly and quarterly work-paper packages as needed for review by the Portfolio Accounting Manager
  • Assist in preparation and review of tax work-papers – coordinate with tax preparers to review draft and final tax returns
  • Prepare, process, and reconcile complex items such as:
    • Creation and maintenance of debt amortization schedules
    • Debt covenant calculations
    • Monthly cash flow forecasts for all operating portfolios
    • Monthly cash flow forecasts for Co-invest entities
  • Maintain monthly balance sheets reconciliations, including, but not limited to:
    • Accrued account reconciliations
    • Prepaid account reconciliations
    • Bank account reconciliations
    • Investor/project capital balance reconciliations
    • Debt Reconciliations
  • Coordinate and track monthly, quarterly & semi-annually investor capital transactions including contributions and distributions
  • Prepare quarterly investment updates for high net worth external audience
  • Report out to capital partners and lenders on monthly/quarterly financial packages including income statement, balance sheet, and other reporting documents such as financial compliance certifications.
  • Create and enhance work-paper purposes, procedures, and analytics.
  • Departmental projects and initiatives related to enhancing the effectiveness and efficiency of existing processes and implementing new processes.
  • Assist with interim and year-end audit work papers related to debt and equity for internal review by Portfolio Accounting Manager as well as external Auditors
  • Provides financial information, as needed, to internal Financial Planning & Analysis, Development & Legal Teams
  • Perform ad-hoc analysis and troubleshooting of matters as they arise.


Job Requirements


  • Demonstrates ability to work as a team player and mentor teammates
  • Maintains organized, neat, and accurate files
  • Superior customer service
  • Tax background
  • Perform with discretion and maintain confidentiality of investors
  • Ability to work in a fast-paced environment
  • Attention to detail and ability to report timely is essential
  • Strong time management, problem solving, and analytical skills
  • Ability to drive projects independently as well as work in groups within the Accounting department, Home Office departments, lenders, 3rd party tax preparers, and investors.
  • Demonstrates good communication skills
  • Communicates effectively with supervisor and co-workers
  • Strong written skills


Computer Skills

  • Demonstrates proficiency in MS Office and strong use of Excel.
  • Experience with, or ability to become proficient in, accounting software (Yardi)



  • BS or BA degree in accounting from accredited college or university
  • 3-5 years of relevant Accounting experience or 3+ years in public accounting (preferably with some tax experience)