Manager, Accounting

RESPONSIBILITIES:

Monthly Reporting and Analysis

Review balance sheet reconciliations.

Responsible for accounting for investments, including preparing investment level financial statements (where applicable), by consolidating property trial balances and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting.

Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals.

Assist with real estate investment and debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards.

Calculation and accounting for property and development management fees and where required fund management fees.

Review of balance sheet reconciliations and analytical reviews of investment level performance.

Completion and review of quarter end and month end checklist tasks.

Prepare schedules and support for audits, tax preparation and valuations.

Review of quarterly and annual financial reporting, including consolidated financial reporting as required under GAAP.

Review of asset and fund level returns and help prepare analytical review of variances.

Transaction Support

Accounting for acquisition and disposition of assets and booking of required funding.

Assist in set up of accounting structures.

Cash and Liquidity Management

Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with team on capital draws and distribution.

Approval of non-operating accruals and accounts payable.

Preparation and/or review of lender reporting for third party debt that might be in place and supporting management, and other teams in calculation of loan level covenants.

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

Bachelor’s degree with emphasis in Accounting, Finance or related field.

5+ years’ previous related Fund Accounting plus Yardi Investment Accounting module is preferred.

Knowledge of various asset classes, including open and closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches and impact to accounting.

Prior Fund accounting experience including preparation/reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers in Yardi platform.

ABOUT YOU:

Ability to work independently, identify, and proactively troubleshoot issues in Yardi Investment Management to meet deadlines with minimal supervision.

Effective communication skills, both written and oral, and strong attention to detail.

Proactive and collaborative team player with strong work ethic.

Strong financial and system acumen and exceptional problem-solving skills.

Adapt quickly to changes, work efficiently in a dynamic fast-paced work environment.