This role requires a blend of technical accounting precision and a deep understanding
of the unique lifecycle of real estate assets. As an Experienced to Senior Fund
Accountant, you won't just be crunching numbers; you'll be the financial backbone of
our investment vehicles, ensuring transparency for investors and accuracy in complex
deal structures.
Responsibilities
- Financial Reporting: Prepare and review comprehensive monthly, quarterly, and annual financial statements in accordance with US GAAP, specifically tailored for Investment Company Accounting.
- NAV Oversight: Calculate and verify Net Asset Value (NAV) for various real estate funds, ensuring all property-level data is accurately rolled up.
- Transaction Management: Lead the accounting for complex transactions, including property acquisitions, dispositions, debt refinancing, and capital improvements.
- Capital Calls & Distributions: Manage the end-to-end process for investor capital calls and distributions, including the calculation of management fees and carried interest (waterfall).
- Bank Transactions & Reconciliation: Oversee all fund-level banking activity, including the initiation of wires and ACH payments. Perform timely and accurate reconciliations of all bank accounts, ensuring any discrepancies between bank statements and the general ledger are identified and resolved immediately.
- Fixed Asset Account Management: Manage the lifecycle of fixed assets, including the tracking of Capital Expenditures (CapEx), tenant improvements, and equipment. Maintain depreciation and amortization schedules and ensure appropriate capitalization in accordance with firm policy.
- Financial Performance Reporting & Preparation: Develop and deliver detailed performance reports, including Internal Rate of Return (IRR) and Equity Multiples. Prepare the primary financial statements (Balance Sheet, Income Statement, Statement of Cash Flows) with a focus on variance analysis against fund budgets.
- Audit & Tax Coordination: Act as the primary point of contact for external auditors and tax preparers. Internal Controls: Maintain and improve robust internal control environments (SOX compliance where applicable) to safeguard fund assets.
Qualifications
- Bachelor's degree in Accounting or Finance is required.
- CPA designation is highly preferred.
- 24 years in fund accounting, with a significant focus on Private Equity Real Estate (PERE).
- Advanced Excel skills (modeling, macros, complex formulas). Experience with industry-standard software like Yardi, MRI, or Workiva is not required but preferred. Deep understanding of fair value accounting, consolidated financial statements, and partnership accounting.
Soft Skills
- Analytical Rigor: A detective mindset when it comes to reconciling discrepancies between property managers and fund-level books.
- Communication: Ability to explain complex financial movements to non-finance stakeholders and high-net-worth investors.
- Adaptability: Comfortable shifting gears between routine reporting and the fast-paced demands of a new fund launch or a major asset exit.
