Associate Director Fund Management (Remote)

Berkadia•Philadelphia, PA

16h•Remote

About The Position

Are you looking for the opportunity to make an impact? Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia. The Fund Manager is responsible for the financial modeling, analytics and investor due diligence process in closing Proprietary Fund transactions, as well as the post-close management and reporting duties through stabilization of the underlying properties. The Fund Manager will also cross-train with senior staff and provide support for Multi-Investor Funds and Club Funds. We Innovate to shape the future of CRE, so in this role you will: Manage Fund level projections and investor due diligence workflow through closing. Perform quarterly updates to property level and Fund level projections based on actual events and annual tax returns, with specific attention to capital contribution adjusters, capital accounts and investor IRR. Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules. Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date. Ensure compliance with Fund level operating agreements, analyze post-close waiver requests submitted by Asset Management and make recommendations to VP Fund Management. Coordinate and manage Fund audits, tax returns, and investor K-1 preparations. Manage quarterly reporting obligations, investor requests, and annual analyses of Fund reserves. Assist AVP Portfolio Management in data collection and analytics for annual Syndicator Assessment reports.

Requirements

Experience in fund/partnership accounting and tax preparation, with LIHTC experience highly desirable; CPA designation preferred.
Strong quantitative and analytical skills, with proficiency in financial modeling and Microsoft Office applications.
High attention to detail and accuracy, with the ability to manage complex financial data effectively.
Excellent communication skills, both written and verbal, to convey information clearly and professionally.
Bachelor's degree or equivalent
5+ years of experience in a similar position

Nice To Haves

Experience in fund/partnership accounting and tax preparation, with LIHTC experience highly desirable; CPA designation preferred.

Responsibilities

Manage Fund level projections and investor due diligence workflow through closing.
Perform quarterly updates to property level and Fund level projections based on actual events and annual tax returns, with specific attention to capital contribution adjusters, capital accounts and investor IRR.
Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules.
Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date.
Ensure compliance with Fund level operating agreements, analyze post-close waiver requests submitted by Asset Management and make recommendations to VP Fund Management.
Coordinate and manage Fund audits, tax returns, and investor K-1 preparations.
Manage quarterly reporting obligations, investor requests, and annual analyses of Fund reserves.
Assist AVP Portfolio Management in data collection and analytics for annual Syndicator Assessment reports.