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.
