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Portfolio Manager - Housing Corporation Accounting in Memphis, TN at First Tennessee Bank

Date Posted: 4/11/2019

Job Snapshot

Job Description

The Portfolio Manager will be responsible for the asset management and accounting of investments in affordable housing and community redevelopment. This role will complete and oversee general accounting functions, analysis of financial statements and tax returns and ensure compliance with affordable housing policies and procedures.


Duties and Responsibilities:

• General Ledger Accounting
Accurately create and record monthly general ledger journal entries based upon forecasted projections for projects within their portfolio. Create and record, when necessary, any adjusting journal entries based upon tax returns, investment funding disbursements or cash receipts. Reconcile general ledger with investment returns to ensure accuracy.

• General Ledger Reporting
Responsible for the general accounting function by supervising the completion of all general ledger entries, reconcilement review, and review of financial statements and tax returns for the FTHC portfolio. Ensure accurate accounting of the FTHC portfolio by preparing month-end and quarter-end reporting to the bank’s accounting and corporate tax division.

• Asset Management
Review and analyze property operations monthly for investment performance compared to forecast. Evaluate, identify and research any variances to forecast. Generate and present portfolio operating summary of performance to management

• Compliance
Review and analyze annual state housing agency compliance reports
Review and document tenant file audits to ensure compliance with all tax credit requirements
Monitoring the investment’s compliance with the OCC regulations, the IRS and the state housing agency

• Audit & Tax
Assist third party CPA firms with the review and analysis of tax returns and audited financial statements of each tax credit investment and its returns and losses
Requirements • Bachelor’s degree in Accounting preferred, can be substituted for equivalent experience in Accounting
• 5-10 years related experience required
• Thorough knowledge of GAAP and basic financial statements
• Must be a detail oriented team player with the ability to work well under pressure
• Strong analytical skills
• Above average communication skills, both verbal and written (including accurate typing, spelling and grammar skills)
• Advanced knowledge and experience with Microsoft Excel
• Organizes complex information with the ability to demonstrate objective and creative thinking
• Builds alliances/develops relationships with customers.
• Must possess the ability to collaborate with others within the organization to achieve the results from a corporate perspective as well as from an investment/portfolio perspective
• Effective time management
• Exceptional organization skills
• Ability to make decisions independently based on training and written procedures and processes
• Capability to juggle multiple deadlines at once

Work Schedule M-F (8am-5pm)

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  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
  • Please view Equal Employment Opportunity Posters provided by OFCCP