Manager Fund Accounting
About The Position
Rialto Capital is seeking a Manager Fund Accounting to lead, mentor, and supervise a team of Senior Accountants. This role involves overseeing daily fund accounting operations, workload allocation, and performance management, with a focus on Real Estate, Joint Venture Investments, Loan Portfolios, and Commercial Mortgage-Backed Securities (CMBS). The Manager will establish and manage the close calendar, ensuring timely and accurate reporting deliverables, and will be responsible for reviewing and approving various financial documents and processes. This position also supports new fund launches, investor reporting, quarterly valuations, and collaborates with internal teams and external auditors. A key aspect of this role is developing and strengthening internal controls, fund accounting procedures, and workflow efficiencies, including identifying automation opportunities.
Requirements
- Bachelor’s Degree required in Finance, Accounting, or related field preferred.
- Minimum of 5-6+ years of experience in accounting required with a mix of Private Equity / Fund accounting and Public Accounting experience.
- Certified Public Accountant is required.
- Experience with Investran preferred.
- Familiarity with waterfall models/carry calculations.
- Strong understanding of partnership accounting concepts (capital commitments, allocations, contribution/distribution mechanics).
- Supervisory experience of accounting staff, including training, reviewing work, and performance management
- Experience with FIS Investran preferred.
- Advanced proficiency in Microsoft Excel (complex formulas, pivot tables, etc.)
- Excellent communication and interpersonal skills
- Teamwork oriented
- Demonstrated ability to operate independently and exercise sound judgment.
- Must be proactive in a constantly changing environment.
- Ability to meet tight deadlines during quarterly and annual reporting cycles.
Responsibilities
- Lead, mentor, and supervise a team of Senior Accountants, overseeing daily fund accounting operations, workload allocation, and performance management.
- Oversee fund accounting related to Real Estate, Joint Venture Investments, Loan Portfolios, and Commercial Mortgage-Backed Securities (CMBS).
- Establish and manage the close calendar, ensuring timely and accurate delivery of all reporting deliverables.
- Review and approve journal entries, reconciliations, financial statements, capital activity, fee calculations, and carried interest models.
- Oversee preparation and review of capital call and distribution notices, investor allocation schedules, and related cash movement.
- Oversee investor reporting, including carried interest computations, Statements of Partners’ Capital, and all periodic investor deliverables.
- Support new fund launches, including review of governing documents, entity structuring, accounting setup, and initial capital activity.
- Collaborate with Rialto’s investor relations and compliance teams to ensure all requests fulfilled timely and accurately.
- Support the quarterly valuation process, including review of valuation inputs, assumptions, and supporting documentation for real estate, JV interests, loan portfolios, and other investments.
- Prepare ad hoc reports as requested by the Financial Reporting and Investor Relations team.
- Assist the Tax Department in gathering the data needed for yearly tax returns.
- Manage internal and external audit requests and ensure timely completion of audits.
- Conduct mid-year and year-end performance evaluations for direct reports.
- Develop and strengthen internal controls, fund accounting procedures, and workflow efficiencies, including automation opportunities.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
