Manager, Debt Accounting

Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary The Accounting Manager (Credit/Debt Funds) will oversee debt investment accounting and ensure fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios. Credit (Debt) Fund Strategies include: (1) purchasing Freddie Mac Capital Markets Execution B-piece debt investments that are collateralized by high-quality multifamily mortgages throughout the United States (2) pursuing directly sourced preferred equity and mezzanine loan opportunities as well as (3) originating floating-rate transitional bridge loans with the intent to get to critical mass, securitize pools of loans through Collateralized Loan Obligations ("CLO's") and retain non-investment grade bond classes. Essential Functions: Oversee portfolios of debt investments, including supervision of the daily workflow of the accounting staff (including offshore team), routine and non-routine assignments and monthly financial statement close process to ensure accuracy, completeness and in accordance with set deadlinesPreparation and review of Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument)Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed.Begin to assist in financial statement preparation and supporting materialsResponsible for the management of the external audit processManage third party relationships with custodians, services, trustees, partners, joint venture partners, etc.Review debt investment budgets and forecastsSupport portfolio management as needed in the process of compiling the internal reporting packages and ad hoc requestsAssist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenanceAssist in the preparation of quarterly, annual and ad hoc investor requestsPerform REIT qualification testing on a quarterly basisPreparation of related party and joint venture partner activity reconciliations and related payments of intercompany balances and distributionsAble to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficienciesManage and develop team members, including allocating regular one-on-one time to address areas that can be improved, while continuing to monitor offshore resources to ensure work product is adequate. Provide feedback to the group and provide recommendations for improvement. Set direction for the team when competing priorities occurAssist in preparation of investor capital calls, distribution notices and capital account statements for funds assigned.Consistently demonstrate use of tact and discretion Knowledge/Experience: 5+ years of practical accounting experienceDemonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtualGeneral ledger maintenance including consolidations and eliminationsPractical accounting knowledge of account balancesFull disclosure financial statement preparation, including footnotesBudgeting and forecastingMultifamily real estate accounting/managementREIT tax complianceAptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solvingDemonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communicationsAbility to communicate with and manage up to senior managementCollaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethicDemonstrate emotional intelligence in high pressure and sensitive situationsTenacity, patience, and perseverance to work with business deals from beginning to end of processMaintain confidentiality of sensitive information and communications of informationRepresent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilitiesDevelop productive working relationships with all team members including internal clients and external third partiesDemonstrated high level of ethics and integrity with a straightforward and honest approach Technical/Educational Requirements: Bachelor's degree with a concentration in accountingCPA or be CPA qualified preferredMust have experience with computer usage/applicable software to solve accounting issuesDemonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)Proficiency with computers, keyboards, monitors and telephone headsets.Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Current anticipated annual base salary range: $110,000 - $125,000. Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications. Please visit our Careers page for full details – and to learn more about how we value our employees. We believe Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.