Manager Fund Accounting

Rialto Capital•Miami, FL

3d•Onsite

About The Position

The Manager Fund Accounting will lead, mentor, and supervise a team of Senior Accountants, overseeing daily fund accounting operations, workload allocation, and performance management. This role involves overseeing fund accounting related to 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 delivery of all reporting deliverables. Responsibilities include reviewing and approving journal entries, reconciliations, financial statements, capital activity, fee calculations, and carried interest models. The role also oversees the preparation and review of capital call and distribution notices, investor allocation schedules, and related cash movement, as well as investor reporting, including carried interest computations, Statements of Partners’ Capital, and all periodic investor deliverables. Support for new fund launches, collaboration with investor relations and compliance teams, and support for the quarterly valuation process are also key aspects of this position. The Manager will prepare ad hoc reports, assist the Tax Department, and manage internal and external audit requests. Performance evaluations for direct reports, development of internal controls, and workflow efficiencies are also part of the role. This description outlines the basic tasks and requirements for the position noted and is not a comprehensive listing of all job duties. Rialto Capital is committed to the principles of Equal Employment Opportunity.

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.

Nice To Haves

Finance, Accounting, or related field preferred.
Experience with Investran preferred.
Experience with FIS Investran preferred.

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.