What are the responsibilities and job description for the Accountant, Private Credit position at Reef Capital Partners?
Job Description
Job Description
Position : Accountant, Private Credit
Company : Reef Private Credit / Canyon Accounting
Salary : $70,000-$80,000 DOE
Location : Lehi, UT
About the Company :
Reef Capital Partners (RCP) is a successful commercial real estate investment firm specializing in both private credit and private equity investments. Founded in 2005, Reef has completed more than 500 transactions with an aggregative value of almost $2 billion dollars. Reef has an exceptional track record of performance, with an IRR on realized investments over the past decade of ~20%.
Canyon Accounting, a subsidiary of RCP, provides accounting, executive, information systems, and strategy consulting services to RCP and private companies looking to grow in a forward-thinking manner. Canyon focuses on helping growing businesses primarily in the Real Estate and Hospitality industries. They provide a wide range of outsourced accounting and financial services, including outsourced bookkeeping, controller, and CFO services, in addition to tax preparation, planning, and entity structuring consulting. The team has decades of experience and prides itself in providing the highest level of service at a competitive rate and going above compliance services to adding tangible value to clients.
Job Responsibilities :
The Accountant will manage the accounting for the private credit arm of the company, Reef Private Credit (RPC), and work closely with and report to Canyon Accounting's Managing Director and Controller performing the following functions :
- Transaction management of funds for new and existing loans, including recording of loan reserves, disbursing loan servicing fees, borrower payments, and lender principal and interest payments
- Manage draws related to debt deals
- Manage intern(s) who assist in making draw and lender payments
- Perform accounting for all new loan funding's and payoffs
- Manage reserve balances
- Assist in reviewing borrower statements
- Prepare and check accuracy of payoff statements
- Maintain accounting books for various foreclosed loan and HOA entities
- Assist in month-end close tasks and preparation of monthly financial reports
- Assist in year-end financial statements preparation and other audit requests related to RPC
- Provide data summary and ad hoc reporting as necessary.
- Participate in special projects and perform other duties as required.
- Improve and automate processes and reports
Qualifications :
Company Benefits :
Job Posted by ApplicantPro
Salary : $70,000 - $80,000
