Daniel Esterkin Email & Phone Number

Boston, Ma, Us

• Lead the investment vehicle for multi-family real estate investments across all markets.• Manage a portfolio consisting of 900 plus residential apartments with a $195M market value, owned and asset managed on behalf of private investors and family offices.• Responsible for all accounting, bookkeeping, AP/AR, collections, investor reporting and correspondence, tax oversight, and implementation of property and investor management software and systems.• Create and maintain Excel-based financial models for property valuations.• Cultivate relationships with investment partners, lenders, appraisers, brokers, legal counsel, and accountants.• Manage tenants, contracts, vendors, brokers, lawyers, and lenders.• Underwrite investment opportunities, create financial models, and conduct due diligence on potential opportunities.• Create financial scenarios for holding, refinancing, and selling properties and their respective impact on the business and investor returns.• Drive operational, financial, and business decisions in line with the goals and principles of the company.• Create and implement necessary processes and procedures for the organization, looking to maximize efficiencies.• Lead day-to-day accounting operations.

• Oversee the process of preparing annual reforecasts and annual operating and capital budgets for each asset, in accordance with investor, lender, and other regulatory requirements and deadlines. Provide guidance to team in all aspects, including residential and commercial rental income, operating expenses, and capital expenditures. • Analyze financial reports to assess the performance of the asset and the portfolio.• Understand each asset, identify problem areas, and present solutions to maximize net operating income and cash flow. • Understand the capital structure of each property and be familiar with partnership, loan, and regulatory agreements, ensuring compliance with all covenants of property financings and fund documents.• Maintain and update financial models for the purpose of asset valuation.• Oversee quarterly, semi-annual, and annual distributions in accordance with governing agreements.• Proactively monitor business plan execution to anticipate developing issues and manage financial exposure. Communicate issues, problems, or findings to senior management staff.• Act as a connectivity layer across management, development, finance, operations, and accounting departments. Create value by connecting various initiatives and functions. • Work with development and acquisitions team to prepare operating cash flow assumptions for underwriting proforma.• Prepare reports and distribute to investors, owners and others following review by the CFO.• Project cash flow and net operating income by analyzing operating data and annual budgets.• Lead monthly financial statement review and property performance meetings• Monitor key financial benchmarks. Identify value-add opportunities throughout the portfolio. • Oversee replacement reserve submission to lenders and agencies.• Assist in due diligence, market analysis, and creative problem solving.• Participate in the long term, strategic planning of assets

Boston

• Effectively manage and maintain portfolio of five diverse, extremely complicated properties • Supervise a team of three property and staff accountants with their own property portfolios• Conduct performance reviews for employees on my team to support ongoing professional development• Review and verify accuracy of monthly closes, external reporting, and year-end audit packages for accountants under my portfolio• Prepare waterfall calculations for distributions to owners and investors for all properties under my team portfolio • Participate in many aspects of budget preparation and review process for entire portfolio, including working with Asset Management team to streamline and simplify budget process• Conduct interviews for all new hires as part of the hiring committee• Lead accounting and financial trainings for all accountants, upper management, managerial site staff, and new hires on a regular basis.• Work with two team members to automate and streamline many time-consuming processes, using macros and power queries saving entire department countless hours• Assist in implementation of new policies and procedures, including new accounts payable software• Supervise takeovers, sales, and refinancing transactions• Organize and upload financial information into Yardi for newly acquired properties• Assist in compiling comprehensive training manual for property managers and property accountants• Work with IT and Leasing teams to set up and test commercial module in Yardi• Work with members of other departments to address issues, brainstorm solutions, and implement changes• Serve on multiple company-wide committees aimed on improving efficiency and internal policies• Prepare requisitions to draw down construction loan and equity funds on a monthly basis for properties in their development stage• Assist with preparation of Settlement Statements and Flow of Funds for sales of properties and refinancing transactions

Boston, Ma

• Perform monthly close for six to eight properties ranging in size and complexion, including reconciliation of rental revenue, accruals, true-ups, and general ledger review/analysis• Generate on-line packages for annual audits, including reconciliation and analysis of every balance sheet account, adhering to strict external tax and financial deadlines• Prepare periodic reporting to government agencies, financial institutions and investors• Maintain books and electronic records for projects, in accordance with internal and external reporting requirements• Perform audits and analyses required by the Controller with minimum oversight• Monitor and assist site bookkeepers with their job performance responsibilities

Boston, Ma

• Complete bank reconciliations for operating, escrow, corporate, and development bank accounts• Process NSF checks, enter journal entries, complete vacancy loss calculations• Assist accountant with end-of-month closing procedures• Assist co-workers with everyday administrative tasks

Master Of Business Administration - Mba, Business Analytics

Corporate Finance And Accounting