Manager, Accounting

About the role

Responsibilities

• Support quarterly close processes, ensuring timeliness and accuracy.
• Prepare/review portfolio company estimated results as part of the fund close process.
• Prepare/review portfolio company results and uploads along with lookback analysis to estimates.
• Review of balance sheet reconciliations and analytical reviews of investment level performance.
• Investigate and resolve breaks or variances in data, calculations, or reporting.
• Assist in enhancing controls, documentation, and standard operating procedures.
• Prepare schedules and support for audits, tax preparation and valuations.
• Review quarterly and annual financial statements and footnotes, including consolidated and fair value reporting as required under GAAP.
• Assist with investor statements, capital account reporting, and performance reporting.
• Review of asset and fund level returns and help prepare analytical review of variances.
• Manage audit process with external auditors for financial statement audit and audit of internal controls.
• Accounting for acquisition and disposition of investments and booking of required funding.
• Undertake technical accounting analysis to support accounting determinations as required.
• Calculate and review management fees in accordance with governing documents (LPAs, IMAs, side letters).
• Calculate incentive allocations/performance fees, including hurdle rates, preferred returns, catch-ups, and crystallization mechanics.
• Maintain detailed support for fee calculations and respond to internal and external inquiries.
• Coordinate management fee capital calls, fee accruals, true-ups, and allocations at the fund and investor level.

Requirements

• 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 (NAV) and impacts 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.