Fund Accounting Manager

Aston Carter•Annapolis, MD

2d•$110,000 - $130,000•Hybrid

About The Position

The Fund Accounting Manager oversees the full lifecycle of fund accounting and reporting for real estate and private equity investment vehicles. This role serves as a primary point of contact for investor requests, ensures GAAP-compliant financial reporting, manages capital activity and NAV calculations, and leads coordination with internal stakeholders and external service providers. The position is ideal for a highly organized, analytical accounting professional who thrives in a high-volume, collaborative environment and enjoys both hands-on work and leadership responsibilities.

Requirements

Bachelor’s degree in Accounting or a closely related field is required.
4–7 years of private equity fund accounting experience, including work with institutional investors.
Strong working knowledge of U.S. GAAP and investment accounting principles, with the ability to apply them effectively in a fund environment.
Demonstrated experience in fund accounting, including capital account maintenance, capital calls, distributions, and carried interest calculations.
Proficiency with Net Asset Value (NAV) calculations and real estate or investment valuation concepts.
Hands-on experience with financial reporting, reconciliations, and preparation or review of fund financial statements.
Advanced Excel skills for financial modeling, analysis, and reporting.
Strong analytical abilities and attention to detail, with a track record of delivering accurate, high-quality work in a deadline-driven environment.
Excellent written and verbal communication skills, with the ability to present complex financial information clearly to stakeholders at all levels, including senior and executive leadership.
Proven ability to coordinate and collaborate across multiple teams and functions in a high-volume environment.
Strong problem-solving and time-management skills, with the ability to prioritize competing demands and meet tight deadlines.
Ability to work effectively as both a team contributor and a team leader, including mentoring and developing staff.

Nice To Haves

MBA and/or CPA designation is strongly preferred.
Real estate, private equity, or public company experience is preferred.
Real estate fund experience is highly valued.
Public accounting experience is considered a plus.
Experience with Yardi or similar real estate and investment accounting systems.
Familiarity with IFRS and SEC reporting concepts is beneficial.
Experience working with institutional investors and understanding their reporting and communication needs.
Experience collaborating with or overseeing an external fund administrator.
Comfort working in a high-volume, fast-paced environment while maintaining accuracy and composure.
Demonstrated ability to drive process improvements and support reporting automation initiatives.

Responsibilities

Serve as a primary point of contact for investor requests, providing timely, accurate responses and maintaining up-to-date investor documentation and fund financial information.
Review, interpret, and summarize partnership agreements, lender documents, and key deal terms to ensure accurate and compliant fund reporting.
Partner closely with Fund and Asset Management teams to deliver GAAP-compliant reporting, including analysis of consolidated results and preparation of clear variance explanations.
Oversee investor capital accounts, including capital calls, distributions, carried interest calculations, and preparation of investor notices consistent with ILPA standards.
Manage fund-level cash flow, monitoring cash availability for distributions and validating management and incentive fee calculations.
Oversee monthly, quarterly, and annual close processes for non-property entities, ensuring timely, accurate, and complete consolidated financial results.
Review and validate NAV calculations, real estate valuations, and the financial impact of new deals, exits, and other transaction activity.
Oversee preparation of fund financial statements, investor reports, supplemental reporting packages, and compliance filings.
Manage fund-level debt compliance, including interest rate calculations, covenant monitoring, and related reporting requirements.
Coordinate audit and tax support, including preparation and review of PBC workpapers and other documentation required for external auditors and tax advisors.
Own, maintain, and enhance fund accounting policies, procedures, and internal controls to align with U.S. GAAP and internal standards.
Lead the relationship with the external fund administrator, ensuring high-quality deliverables, effective issue resolution, and continuous process improvement.
Support budgeting and forecasting activities for non-property entities and act as a key resource to the Fund Controller.
Proactively identify and communicate significant issues, risks, and opportunities to senior leadership, providing recommendations and solutions.
Collaborate effectively with internal teams across asset management, tax, capital markets, and other functions to support business objectives and resolve complex accounting matters.
Contribute to department strategy by identifying and driving efficiencies through process improvements and reporting automation.
Create, refine, and review financial and operational reports, including accumulating, reconciling, and synthesizing data into clear, actionable outputs.
Mentor and support team members, contributing to a collaborative, high-performance team of fund accounting professionals.