Fund Accounting Manager

Real Term•Annapolis, MD

About The Position

This position is responsible for the day-to-day accounting and quality of deliverables of the company’s close-ended funds and is responsible for the integrity and timeliness of the funds’ financial close and financial and investor reporting with respect to GAAP, company policies and contractual agreements. This individual is a hands-on, experienced, proactive accounting leader who fosters a sense of ownership, adaptability, and accountability.

Requirements

Be well versed in the application of US GAAP and investment accounting knowledge
Deadline-focused, organized, possesses problem-solving skills
Have well-developed analytical skills
Be an effective communicator (both oral and written) and be able to communicate with all staff and executive levels within the organization
Be able to work effectively as a team member and a team leader; and be able to motivate, lead and develop staff
A Bachelor’s degree in Accounting or related field.
At least 4-7 years private equity fund accounting experience, including working with institutional investors.

Nice To Haves

MBA and/or CPA is preferred
Real estate experience preferred.
Public accounting experience a plus.

Responsibilities

Key responsibility for maintaining investor documents and fund financial knowledge and lead contact for investor requests.
Read, interpret, and summarize complex legal documents, including partnership documents and lender agreements.
Support Fund/Asset Management team in ensuring fund reporting is in compliance with partnership agreements, including an understanding of key deal terms and influence on reporting.
Support Fund/Asset Management in understanding the consolidated financial results through analysis and preparation of variance analysis.
Review and ensure accuracy of all investor notices re: capital calls/distributions, including ILPA templates, as applicable
Maintain investor capital accounts
Prepare fund carried interest calculations.
Manage fund-level cash flow needs, including cash available for distribution to investors, as needed
Assist Fund/Asset Management team with Advisory/AGM/AIP schedules and materials, as needed
Respond to all investor ad hoc requests timely
Oversee monthly close activities for all non-property entities within the Fund structures and ensure accuracy and timeliness of completion of consolidated results.
Validate accuracy of asset management and incentive fees.
Ensure optimization of shareholder loan.
Preparation of consolidated balance sheet review packages.
Understanding of real estate valuations recorded quarterly and reason for valuation adjustments.
Understanding of deal transactions and impact to fund valuation model and financial reporting.
Own and document policies and procedures related to fund accounting function and associated internal controls.
Ensure financial information is maintained in accordance with GAAP and the company’s policies and procedures.
Directly responsible for overseeing the completion of quarterly and annual compliance reporting.
Oversee drafting of the financial statements for the fund(s) and ensure compliance with GAAP.
Oversee drafting and ensure accuracy of fund investor report(s), including support for all schedules.
Ensure accuracy of NAV.
Responsible for fund-level debt compliance, including average interest rate calculation for reporting.
Oversee completion of recurring supplemental fund reporting and ad-hoc information requests.
Preparation of PBC workpapers for interim and annual audit and tax compliance.
Oversee preparation of annual budgets/reforecasts for all non-property entities.
Be a resource to the Fund Controller.
Proactively communicate significant issues to the Controller and assist in communicating with the business partners.
Lead the relationship with the external fund administrator, coordinating deliverables, resolving accounting matters, and driving continuous improvement in fund accounting processes and reporting quality.
Assist in developing more efficient and/or effective ways to organize, deliver or consolidate work products and develop best practices including automation of reporting and analysis of financial results.
Assist in communicating and carrying out the department strategy.
Support business team and internal customers including asset management, tax, capital markets and others and proactively develop an effective relationship by meeting regularly to deliver financial results.