Manager, Fund Accounting & Reporting

Core Spaces•Chicago, IL

31d•$115,000 - $160,000•Hybrid

About The Position

This position embraces ambition and innovation to serve the Core Spaces development and operating funds. The Fund Accounting & Reporting Manager is a role responsible for the preparation and review of fund investment financials, accounting month-end close, monthly and quarterly variance analysis, fair value accounting, and income allocations, fund level budget and forecast. In addition, this position will be involved in the preparation of the annual audit reports, and act as a direct liaison with the fund administrator and other related parties.

Requirements

Bachelor’s degree in accounting or finance required; CPA or Masters’ preferred
8+ years of experience in a mix of public accounting and real estate industry required
Background in accounting for various types of entities including private equity funds and REITs
Proficiency in MS Outlook, Excel, Word
Excellent interpersonal and organizational skills
Ability to multi-task and manage shifting priorities in a fast-paced environment
Attention to detail and high level of accuracy

Nice To Haves

Yardi experience is a plus
Non-traded REIT experience
Navigating complex fund structures, waterfalls, and carried interest models, including modeling scenarios and validating administrator calculations
Managing complex multi‑entity consolidations, including joint ventures, co‑investment vehicles, and REIT structures

Responsibilities

Oversee and manage internal fund accounting/operations team and day-to-day relationship with third party fund administrator
Oversee and manage the funds’ monthly, quarterly, and annual financial statement consolidation process for Open-End, Closed, and SMA funds
Review capital calls, distributions, and uncalled commitments, including allocations and investor notices
Review management fee calculations including fee offsets
Calculate and/or review carried interest calculations and asset level waterfalls
Review partner allocations and capital account statements
Manage the onboarding process for new investors
Review, support, and/or drive investor reporting, including quarterly letters and investor requests
Coordinate release of investor notices and capital statements
Ensure timely resolution of investor issues and escalations
Review of fund partnership agreements in connection with the initial fund set-up and ongoing operations, including fund governing documents, side letters and agreements to ensure adherence
Oversee monthly account analysis and roll forwards to ensure they properly reflect the Funds financial position in accordance with Limited Partnership Agreements
Work with Finance valuations team on quarterly asset fair value review process
Review/calculate fund-level key performance metrics (i.e., IRRs, TWRs, Track Records, AUM)
Demonstrate deep knowledge of Private Equity and Real Estate fund structures and practical application of fund governing documents
Stay abreast industry standards and best practices while continuously seeking opportunities to enhance operational efficiency and mitigate operational risks
Review and ensure compliance with accounting policies and procedures, and conclude on technical accounting related issues
Coordinate and lead annual fund audits including drafting report templates and providing PBCs to auditor
Act as the direct liaison with the fund administrator
Manage and coach direct reports
Assist team with ad hoc projects as needed
Occasional travel may be necessary as needed
Perform all other duties and tasks as assigned by management
Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Benefits

A culture that provides you with a sense of belonging
Hybrid or remote work options may vary by role to support work-life balance
Competitive pay that values your contributions
Incentives designed to reward your achievements
Paid flexible PTO to disconnect or celebrate life milestones
Paid 14+ holidays, including your birthday, to disconnect and celebrate
Paid Parental Leave that begins after 90 days
Paid volunteer time off to give back to your community
Monthly workshop weeks; fewer meetings & more collaboration
Robust health plan options that begin within at least 30 days of your employment
Monthly phone reimbursement
Wellness allowance and perks, including a yearly subscription to a meditation app
An environment that provides you a voice to share your perspectives
Employee Assistance Program (EAP) for access to confidential support services
Company retirement options including 401(k) + matching & Roth account option