Real Estate Investment Accountant

About the role

The Investment Accounting group is responsible for the accounting and reporting for the client's invested Assets, which includes private equity, hedge funds, commercial residential loans and equity securities. The team's specific responsibilities include:

• Reconciliation of transactional data from various sub ledgers Clearwater, Investran, and LMS to the general ledger and ultimately the client's financial statements as well as all related external reporting for investments 10Q K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting.
• Implementation of new GAAP and STAT accounting standards as it relates to invested assets, establishing the accounting for new transactions or new investment types and management of the risks, controls and audit as it relates to investments and Investment FP&A.

Responsibilities

Manage the accounting processes related to the monthly and quarterly accounting close to ensure accuracy of invested assets data specifically work on real estate funds and review property financials
Manage the preparation of statement of cash flows for investments (Real Estate Funds)
Manage the preparation of certain Investment disclosures for 10Q K and Financial Supplement. These include all Investment, Lending, Fair Value, VIE Footnotes and Investment MD A.
Lead in new initiatives for process improvements, in coordination with other areas of the department organization.
Manage annual investment related NAIC STAT reporting exhibits, schedules, and disclosures
Point of contact and support for the various business unit and corporate controllers.
Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance support that ensures the accounting results from these investments are accurately recorded in the client ledgers across multiple bases GAAP and STAT
Prepare accurate net asset values (NAVs), yields, distributions, and other fund accounting outputs for subsequent review.
Prepare, review, and analyze financial reporting, including GAAP financial statements (under both historical and investment company accounting), cash flows, budgets, REIT reporting and other project specific reporting.
Calculate and review LP/GP investor allocations including incentive fees, management fees, waterfall calculations, and IRRs. Capital Call/Distribution management.
Coordinate and monitor external audit process.
Proactively identify and resolve accounting, reporting, and tax issues.

Qualifications

• Minimum of 5 years' experience in one or a combination of the following Insurance, Financial Services, and/or Fund Accounting
• Minimum of 2 years of Yardi in Real Estate experience
• Preferred Skills Qualifications: Bachelor's degree with a major in a quantitative field e.g., Finance, Accounting, Math, Statistics advanced degree or CPA a plus
• Work experience with a “Big 4” or other internationally recognized CPA firm a plus
• Experience in accounting and reporting for investments
• Demonstrated experience with financial reporting/financial statement presentation, budgeting, transaction analysis
• Knowledge of fixed income and equity securities
• Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments
• Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets
• Experience in controllership or financial reporting role at a public company insurance sector experience a plus
• Experience developing executive level presentation materials
• Excellent computer skills, including Yardi, Microsoft Office Suite, and Advanced Excel skills

Professional Qualifications

• Comfort with uncertainty and fluidity, and can work in an agile manner
• Strong written and oral communication skills
• Superior organizational skills and ability to multitask with a variety of systems and processes to meet competing deadlines
• Highly motivated, attention to details, strong quantitative and analytic skills
• Strong analytical and critical problem-solving skills
• Able to manage a broad range of stakeholders
• Self-starter, and a team player with ability to communicate with teams with various backgrounds

Pay

Compensation at Accenture varies depending on a wide array of factors, which may include but are not limited to the specific office location, role, skill set, and level of experience.

Schedule

As required by local law, Accenture provides a reasonable range of compensation for roles that may be hired as set forth below.

Benefits

Accenture offers a market competitive suite of benefits including medical, dental, vision, life, and long-term disability coverage, a 401(k) plan, bonus opportunities, paid holidays, and paid time off. See more information on our benefits here: U.S. Employee Benefits | Accenture

Requesting an Accommodation

We believe that no one should be discriminated against because of their differences. All employment decisions shall be made without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by federal, state, or local law. Our rich diversity makes us more innovative, more competitive, and more creative, which helps us better serve our clients and our communities.