Fund Accounting Manager

FUND ACCOUNTING MANAGER

Our client is a minority-owned real estate private equity firm founded in 2005 to focus on value-based real estate investments in the lower middle market, often with a long-term investment horizon and contrarian approach. As of March 31, 2024, the team has transacted on $4.2 billion of real estate, including over 25,000 multifamily units and 23 million square feet of commercial property nationwide, and has $2.4 billion of gross assets under management as of June 30, 2024.

Job Summary:

We are looking for a hands-on, analytical and detailed oriented Manager, Fund Accounting, to work in an ambitious and growing environment. This role is responsible for managing a team of fund accountants and ensuring accurate accounting activities for the firm’s strategies. Additionally, this role is responsible for collaborating with other departments to deliver timely and accurate financial information to internal and external stakeholders.

Job Responsibilities:

• Oversee and prepare accounting activities associated with the firm’s strategies including journal entries, reconciliations, analysis and supporting workpapers.
• Manage accounting process for property acquisitions, dispositions, and refinance transactions ensuring accurate recorded by the external property management accountants.
• Review and process property level capital calls and monitors property self-escrowed cash balances.
• Manage fund distribution and capital call calculations, associated payments are made/received timely, and Yardi is updated and maintained accordingly.
• Produce quarterly fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology, and output, and provides qualitative analysis and comments.
• Lead, train and develop investment accountant team members.
• Obtain and maintain a thorough understanding of the general ledger structure and investment accounting module in ERP system for all company funds.
• Research technical GAAP and operational questions and provide solutions.
• Assist the Fund Controller to ensure deadlines are met.
• Ability to handle special or urgent projects
• Respond to audit requests and prepare supporting schedules.
• Assist in providing internal tax team with year-end data requests.
• Assist in development and implementation of accounting policies and procedures.
• Respond to information requests internal departments.
• Complete special projects, as required.

Qualifications & Competencies:

• 5-8 years of financial accounting experience with preference given to real estate investment, real estate development, private equity, or investment advisory industries. Mix of public and private accounting experience a plus.
• Bachelor’s degree, preferably in accounting or finance.
• Commercial Real Estate experience
• Good knowledge of GAAP, financial reporting, internal controls, etc.
• Great computer skills including Microsoft Office (Excel intermediate level) and accounting software (Yardi experience a plus).
• Excellent attention to detail and accuracy with great organizational skills and ability to multi-task in a fast-paced environment.
• Able to communicate timely, professionally, and cross-functionally.
• Has had experience supervising staff.
• Well-organized and detailed oriented individual with the highest degree of integrity, motivation and intellectual curiosity.
• Skilled in working across heavily matrixed organizations which requires significant influencing and collaboration skills.
• Ability to work in Irvine, CA office 5 days a week.