Senior Associate, Fund Accounting

Core Spaces•Chicago, IL

1d•$90,000 - $105,000

About The Position

The Senior Associate, Fund Accountant position within Core Spaces embraces ambition and innovation to serve the Core Spaces development and operating funds. The Senior Associate, Fund Accountant is a role responsible for the monthly, quarterly, and annual preparation/review of fund investment financials, variance analysis, REIT compliance, GAAP accounting and income allocations. 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, auditors, and other related parties. The role will have direct exposure and collaboration with internal groups including, but not limited to, acquisitions, investments, capital markets, and fund management teams.

Requirements

Bachelor’s degree in accounting or finance required
2-4 years’ experience in fund administration or public accounting preferred
Experience within real estate or construction accounting preferred
Background in accounting for various types of entities including private equity funds and REIT’s a plus
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

Experience with various accounting technology platforms preferred
Experience with Yardi or similar platforms

Responsibilities

Perform monthly, quarterly, and annual accounting close processes, including journal entries, reconciliations, and compiling audit-level support for all transactions
Prepare monthly capital call allocation files
First level review and/or preparation of financial statements and reporting packages including variance analysis, various roll forwards, and lender/investor reporting to ensure accounts property reflect each fund’s financial position in accordance with Operating Agreements
Direct collaboration with property and development accounting team members to confirm equity balances throughout the investment structure and confirm timing of payment for construction draws and operating cash flow distributions
Assist with preparation and distribution of financial reporting packages (quarterly and annually) to lenders, investors, and internal team members
Monitor cash needs through cross-team collaboration and forecasting based on knowledge of upcoming transactions
Involvement in the land and asset acquisition process, working directly with our acquisitions, capital markets, and fund management teams
Review and ensure compliance with accounting policies and procedures, and resolve accounting related issues
Respond to and manage audit and investor inquiries pertaining to the quarterly and annual reporting package
Act as the direct liaison with the fund administrator, aiding with quarterly reporting issuance and capital call / distribution notices as needed
Reconcile individual investor capital balances; respond to investor inquiries
Focus on continuous improvement of processes and procedures

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