Accounting Manager - Fund Accounting
About The Position
The Accounting Manager – Fund Accounting is responsible for the oversight and management of timely and accurate reporting of fund operations for Inland’s Real Estate Investment Trusts (REITs). This position is responsible for closing the books and records and serves as the primary point of contact and knowledge center in their functional area both within and outside of the department. This position reports to the Controller. Financial Statements: Prepare income statements, balance sheets and supporting schedules monthly, calculate and record consolidation and elimination entries, prepare statements of cash flow and supporting schedules, prepare flux analysis, prepare or review quarterly workpapers for SEC filings Audit & Tax Coordination: Manage quarterly reviews and year end audits for Inland’s REITs, prepare audit supporting schedules, track request list items and due dates, collaborate with tax team on REIT tests and supporting schedules, coordinate state tax payments and investor state tax true-ups, prepare taxable REIT subsidiary (TRS) workbook monthly Cash Management and Forecasting: Responsible for maintaining cash forecast for internal money movement, researching large variances in cash forecast to actuals, reviewing and releasing cash transfers and verifying supporting documentation is saved Debt, Derivatives and Debt Compliance: Record or oversee monthly debt service accruals and payments, review or record monthly derivative entries prepared by 3rd party, prepare debt compliance reporting, create debt compliance checklist and calendar, monitor any debt compliance issues Fund Level Expenses: Review and code fund level invoices, record accruals, prepare or review workpapers for general and administrative expenses, coordinate board of director fee payments Capital and Offering Costs: Reconcile and record equity raise, record and monitor trail commissions, review and code offering cost invoices, track share repurchases and OP unit redemptions, recalculate and coordinate distribution payments, prepare statement of equity and weighted average shares, prepare monthly equity workbooks, prepare or review stock compensation workpaper Related Party: Calculate and record related party fees, track routine related party transactions and prepare related party workpapers Team Leadership: Oversee, train and mentor staff level accountants Internal Controls: Update documentation or document internal controls as needed Other duties and special projects
Requirements
- Bachelor’s degree in Accounting or related field
- 8+ years in accounting
- Strong proficiency in Excel and experience with accounting software
- Deep understanding of GAAP
Nice To Haves
- experience in REITs or real estate a plus
Responsibilities
- Oversight and management of timely and accurate reporting of fund operations for Inland’s Real Estate Investment Trusts (REITs)
- Closing the books and records
- Serve as the primary point of contact and knowledge center in their functional area both within and outside of the department
- Prepare income statements, balance sheets and supporting schedules monthly
- Calculate and record consolidation and elimination entries
- Prepare statements of cash flow and supporting schedules
- Prepare flux analysis
- Prepare or review quarterly workpapers for SEC filings
- Manage quarterly reviews and year end audits for Inland’s REITs
- Prepare audit supporting schedules
- Track request list items and due dates
- Collaborate with tax team on REIT tests and supporting schedules
- Coordinate state tax payments and investor state tax true-ups
- Prepare taxable REIT subsidiary (TRS) workbook monthly
- Responsible for maintaining cash forecast for internal money movement
- Researching large variances in cash forecast to actuals
- Reviewing and releasing cash transfers and verifying supporting documentation is saved
- Record or oversee monthly debt service accruals and payments
- Review or record monthly derivative entries prepared by 3rd party
- Prepare debt compliance reporting
- Create debt compliance checklist and calendar
- Monitor any debt compliance issues
- Review and code fund level invoices
- Record accruals
- Prepare or review workpapers for general and administrative expenses
- Coordinate board of director fee payments
- Reconcile and record equity raise
- Record and monitor trail commissions
- Review and code offering cost invoices
- Track share repurchases and OP unit redemptions
- Recalculate and coordinate distribution payments
- Prepare statement of equity and weighted average shares
- Prepare monthly equity workbooks
- Prepare or review stock compensation workpaper
- Calculate and record related party fees
- Track routine related party transactions and prepare related party workpapers
- Oversee, train and mentor staff level accountants
- Update documentation or document internal controls as needed
- Other duties and special projects
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What This Job Offers
Job Type
Full-time
Career Level
Manager
