Manager of Fund Accounting

The BAM Companies•Carmel, IN

2d•$120,000 - $145,000

About The Position

This position will work alongside the Vice President of Finance and Accounting to provide fiduciary services to the private equity arm of The BAM Companies. The ideal candidate will have specialized accounting expertise in real estate private equity and fund accounting, with general knowledge of tax and GAAP considerations relevant to the industry. The Manager of Portfolio Accounting will be responsible for the day-to-day accounting and fund administration of the division and will be involved in the overall growth trajectory of the department.

Requirements

Bachelor’s degree in Accounting or Finance
7+ years of fund accounting experience in either Real Estate Private Equity, Private Equity Funds, Private Equity Fund Administrators, or other financial institutions where the candidate has gained financial products knowledge
General knowledge of real estate transactions and syndication models
Experience in preparing capital calls and distributions including complicated waterfall models
comfortable in understanding and navigating through partnership agreements and fund legal documents
Strong attention to detail and accuracy
Superior problem solving, analytical, judgment and decision-making skills
Ability to think independently, prioritize, multi-task, and meet deadlines
Extensive Microsoft suite skills
An ability to work under pressure to meet tight deadlines and balance multiple priorities
Strong organizational skills with the ability to own and see projects to completion
Self motivated and proactive with the ability to work independently as well as be able to effectively work on a team

Nice To Haves

CPA or other relevant professional designation
Knowledge of tax implications specific to the industry

Responsibilities

Prepare and maintain the financial books and records for the real estate private equity portfolio, specifically its fund entities
Demonstrate knowledge of private equity fund structures, proficiency in accounting for complex transactions and understanding of fund governing documents
Lead year-end audit and reporting process including coordination with clients, auditors and tax teams
Collaborate with the Investor Relations team on the preparation of client deliverables, as well as the workflow for capital calls and distribution processing
Utilize the existing investor relations software to run waterfall calculations and assist in pivoting the departments use of future investor relations softwares as the company continues to grow
Assist with the preparation of Fair Market Value calculations in accordance with GAAP
Calculate and report on various project metrics (IRR, cash-on-cash, unrealized gains, etc.)
Prepare fund administration fee calculations and process payments to fund administrator
Provide relevant investment tax knowledge to both internal and external clients
Monthly review of investments and coordinate with Asset Management and Property Management teams for variance reporting
Seek out and recommend operational improvements that lead to increased efficiency and scalability
Lead and work on ad hoc client projects and internal initiatives