Accounting Manager, Investment Entities

Hometap•Boston, MA

2d•$130,000 - $140,000

About The Position

Here at Hometap, we’re collaborative, passionate, and always ready to roll up our sleeves to create solutions that help people get more out of homeownership — and out of life. Our first product, a home equity investment, gives homeowners the opportunity to quickly access the equity they’ve built in their home to pay for what’s most important to them, from handling debt to finally making much-needed renovations, without taking on debt. We work hard, and have some fun along the way, too. You don’t have to take our word for it: The Boston Globe and Forbes have recognized us as a great place to work, and we’ve been honored for our commitment to innovation in the fintech space by Inc., HousingWire, and more! In case you need any more convincing, we also provide competitive compensation, healthcare coverage, generous PTO, a meaningful equity package, and a strong culture with plenty of opportunities for team-building and camaraderie. Interested in joining us on our mission to make homeownership less stressful and more accessible? We’d love to talk. Who you are: As our Accounting Manager, you lead accounting for Hometap's investment companies, including funds, joint ventures, and special purpose vehicles (SPVs). You'll work with third party administrators, valuation firms, and internal stakeholders to ensure that Hometap's investment companies are managed accurately and efficiently. You have strong experience doing all aspects of investment company accounting (from reconciling cash to partnership allocations to complex Level 3 valuations), balance working in a fast-paced environment with maintaining quality, and are eager to work cross-functionally to help business partners better and more quickly utilize investment company related reporting.

Requirements

8+ years of accounting experience with investments, specifically Level 3 (hard to value) investments under ASC 820
Experience working with valuation firms to value Level 3 investments
Full-cycle fund close experience – cash, valuations, holdings, expenses, partnership allocations, financial statements, and capital account statements
Experience performing accounting for multiple entities or subsidiaries within the US and related party transactions or intercompany transactions amongst the entities or subsidiaries
Strong analytical and Excel-based analytical skills; comfortable working with large datasets
Comfortable operating in a fast-paced environment experiencing growth
Independent thinker and self-starter with strong problem-solving skills
History of working cross-functionally and building positive relationships with people and teams across a diverse organization
Excellent prioritization skills and ability to balance both short-term and long-term objectives
Proven experience supporting a strong internal control environment with exceptional attention to detail

Nice To Haves

CPA certification or passed CPA exam
Experience enhancing and strengthening internal controls
Previous experience with Variable Interest Entities (ASC 810)

Responsibilities

Own investment company accounting in accordance with ASC 946 and financial reporting for several entities, including private equity style GP/LP funds, JVs and SPVs
Work with Hometap’s Controller to manage third-party fund accounting consultants to resolve open items and ensure capital calls, distributions, and quarterly reporting are completed accurately and on time
Partner with independent third-party valuation firms to value Level 3 (hard to value) assets in accordance with ASC 820
Perform internal shadow accounting for intra-period reporting, and to reconcile against books and records maintained by administrators
Support annual audits and prepare audit and tax compliance liaison deliverables, in conjunction with our Controller and senior finance leaders
Manage daily treasury activity and approve wires
Collaborate cross-functionally to incorporate fund and SPV reporting into operating company models and management reporting
Work with the Controller to plan new entity launches and onboard new entities
Diligently seek opportunities for improvement in systems, processes, and internal controls
Collaborate with Operating Company accounting to ensure accurate recognition of related party transactions