Manager, Fund Accounting

Invitation Homes • Dallas, TX

3h • Onsite

About The Position

Invitation Homes is a fast-paced, evolving publicly traded REIT which is pioneering a new industry with over 100,000 single family rental homes for lease and a market capitalization of over $16 billion. We are a team of more than 1,700 associates who come from all walks of life. We call different communities “home,” but our shared values bind us together. Invitation Homes is a place where possibility lives. We need dedicated, organized, and detail-oriented accounting professionals to provide timely and accurate financial information to our partners in the field and at our corporate offices as well as to our shareholders. We are seeking a Manager, Fund Accounting to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment, welcomes opportunities to learn various aspects of the single-family residential business, and embraces collaboration with Senior Leadership. If you are a motivated, passionate, quick learner looking for unique career experiences, this role is waiting for you! Job Summary The Manager, Fund Accounting has two primary responsibilities: (1) overseeing accurate and timely preparation and delivery of recurring financial reporting packages for Debt and Joint Venture (JV) entities; and (2) onboarding and developing a team of associates to execute those functions. These reporting packages relate to the activities of both Invitation Homes and its partners, resulting in delivery of financial information to internal stakeholders, lenders and JV partners. This role also assists in the preparation of debt transactions, construction lending accounting entries, capital call notices, distribution notices, equity pick-ups, and other investment reporting requirements and may also assist with quarterly and annual SEC filings. The Manager, Fund Accounting will encourage the development of associates through ongoing performance management, career development conversations, training, and mentoring. The ideal candidate will have experience working in a supervisory role, high proficiency in full cycle investment accounting, well-developed organizational skills, an attention to detail, and a thorough knowledge of U.S. GAAP.

Requirements

• Strong knowledge of U.S. GAAP is required; CPA (or CPA candidate) highly desired.
• Bachelor’s degree in Accounting (or related field) is required.
• 5+ years of experience including fund or investment accounting, with public accounting experience a plus.
• 2+ years of experience supervising and managing a team.
• Experience in the real estate industry (or a large public company) and with Yardi is a plus.
• Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
• Proven analytical and problem-solving abilities including the ability to identify and implement best practices that improve the team’s effectiveness and efficiency.
• Ability to comprehend, analyze, and interpret complex documents.
• Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key cross-functional relationships.
• Ability to prepare and deliver presentations to senior leadership, clearly communicating key insights, risks, and recommendations.
• High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
• Willingness and ability to be hands on to get the job done.
• Experience working both independently and, in a team-oriented, collaborative environment.
• Must maintain professional appearance.
• Ability to be at work on a regular and consistent basis; overtime may be required for this position.

Nice To Haves

• CPA (or CPA candidate) highly desired.
• public accounting experience a plus.
• Experience in the real estate industry (or a large public company) and with Yardi is a plus.

Responsibilities

• Manage the reporting process for Debt and JV entities to ensure accurate reporting within established closing and reporting calendars, including preparation and review of deliverables and adherence to established deadlines.
• Oversee and review all areas of JV entity-level accounting including, but not limited to, debt transactions, capital calls, distributions, equity pick-ups, other expenses, and monthly and quarterly journal entries.
• Prepare and review debt-related calculations and schedules including, but not limited to, debt roll-forwards and reconciliations, recognition and amortization of deferred financing costs, accounting for derivatives and swaps, other expenses, and monthly and quarterly journal entries.
• Prepare and review construction lending portfolio accounting transaction and related activities, including accruals, reconciliations, current expected credit loss, fair value, cash management, and collaboration with cross-functional construction lending teams.
• Read and understand partnership and JV agreements, investment documents, entity structures, investment prospectuses, loan agreements, and interest rate swap agreements.
• Collaborate with internal and external customers and stakeholders, such as JV partner representatives, other corporate departments, field representatives, and Senior Leadership.
• Collaborate with internal and external teams regarding various confidential projects, including work with new entities or structures and reviewing draft and final documents, agreements, and information.
• Assist in the budget process and provide monthly, quarterly, and year-end variance to budget analysis.
• Encourage team engagement and create an environment to foster associate development.
• Establish, communicate, and train new policies and procedures, and liaise with internal and external auditors while ensuring SOX and other compliance and reporting matters are maintained.
• Participate in key projects and innovate processes to gain team efficiencies.
• Comply with policies, procedures, and controls and bring inconsistencies and problems to management’s attention.
• Perform other duties as assigned.

Benefits

• Annual bonus program
• Health, dental, vision, and life insurance
• Long-term and short-term disability insurance
• Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays
• 401(k) with company matching contributions
• Awesome work environment with casual dress
• Team events and gatherings (Pre- and Post-Covid)

What This Job Offers

• Job Type: Full-time
• Career Level: Manager