Fund Accounting Manager

Essential Duties And Responsibilities

• Key responsibility for maintaining investor documents and fund financial knowledge and lead contact for investor requests.
• Read, interpret, and summarize complex legal documents, including partnership documents and lender agreements.
• Support Fund/Asset Management team in ensuring fund reporting is in compliance with partnership agreements, including an understanding of key deal terms and influence on reporting.
• Support Fund/Asset Management in understanding the consolidated financial results through analysis and preparation of variance analysis.
• Review and ensure accuracy of all investor notices re: capital calls/distributions, including ILPA templates, as applicable.
• Maintain investor capital accounts.
• Prepare fund carried interest calculations.
• Manage fund-level cash flow needs, including cash available for distribution to investors, as needed.
• Assist Fund/Asset Management team with Advisory/AGM/AIP schedules and materials, as needed.
• Respond to all investor ad hoc requests timely.
• Oversee monthly close activities for all non-property entities within the Fund structures and ensure accuracy and timeliness of completion of consolidated results.
• Validate accuracy of asset management and incentive fees.
• Ensure optimization of shareholder loan.
• Prepare consolidated balance sheet review packages.
• Understand real estate valuations recorded quarterly and reason for valuation adjustments.
• Understand deal transactions and impact to fund valuation model and financial reporting.
• Own and document policies and procedures related to fund accounting function and associated internal controls. Ensure financial information is maintained in accordance with GAAP and the company’s policies and procedures.
• Directly responsible for overseeing the completion of quarterly and annual compliance reporting.
• Oversee drafting of the financial statements for the fund(s) and ensure compliance with GAAP.
• Oversee drafting and ensure accuracy of fund investor report(s), including support for all schedules.
• Ensure accuracy of NAV.
• Responsible for fund-level debt compliance, including average interest rate calculation for reporting.
• Oversee completion of recurring supplemental fund reporting and ad-hoc information requests.
• Preparation of PBC workpapers for interim and annual audit and tax compliance.
• Oversee preparation of annual budgets/reforecasts for all non-property entities.
• Be a resource to the Fund Controller.
• Proactively communicate significant issues to the Controller and assist in communicating with the business partners.
• Lead the relationship with the external fund administrator, coordinating deliverables, resolving accounting matters, and driving continuous improvement in fund accounting processes and reporting quality.
• Aid in developing more efficient and/or effective ways to organize, deliver or consolidate work products and develop best practices including automation of reporting and analysis of financial results.
• Aid in communicating and carrying out the department strategy.
• Support business team and internal customers including asset management, tax, capital markets and others and proactively develop an effective relationship by meeting regularly to deliver financial results.

Qualifications

• Be well versed in the application of US GAAP and investment accounting knowledge.
• Deadline-focused, organized, possesses problem-solving skills.
• Have well-developed analytical skills.
• Be an effective communicator (both oral and written) and be able to communicate with all staff and executive levels within the organization.
• Able to work effectively as a team member and a team leader; and be able to motivate, lead and develop staff.

Education and/or Experience

• A Bachelor’s degree in Accounting or related field.
• MBA and/or CPA is preferred.
• At least 4-7 years private equity fund accounting experience, including working with institutional investors.
• Real estate experience preferred.
• Public accounting experience a plus.