Senior Finance Associate - Real Estate

Bain Capital Public Equity, L.P • Boston, MA

81d

About The Position

The Senior Associate will be a member of the BCRE Finance team and will be responsible for accounting and reporting oversight for a collection of direct real estate investments, as well as providing support for fund level accounting and reporting. Direct real estate investments include a wide range of asset sectors including life sciences / lab space, senior housing, self-storage, industrial - infill, medical office, multi-family, media / content space, etc. This individual will be the finance and accounting contact for the investment team and will be expected to provide financial reporting insight on their assigned real estate investments. The Senior Associate will provide oversight and guidance to the accounting professionals who provide reporting information to the BCRE Finance team, including but not limited to: oversight of capital activity, review of monthly property accounting packages, review of quarterly fair value reporting packages, and direct involvement in the investment valuation and budgeting process. This individual will work on the monthly, quarterly and annual accounting period closes for the real estate properties and funds, with additional emphasis on the quarterly and annual fair value reporting cycles. This process requires in-depth analysis and understanding of the real estate investments, including the documentation of significant matters on an ongoing basis.

Requirements

• A Bachelor's degree in Accounting. CPA designation is strongly preferred
• Two to four years of relevant accounting experience within the real estate industry (preferably Big 4 public accounting experience and/or experience working at a real estate investment manager)
• Experience with real estate investment accounting/industry issues, with a firm understanding of real estate valuation, property operations, and financial reporting matters
• Excellent communication skills (email and verbal) plus demonstrated confidence and ability to communicate with all levels of the team
• General understanding of the tax aspects of private real estate investments
• Knowledge and demonstrated interest of financial markets and products
• Proficiency in Yardi is preferred, but not required
• Ability to balance competing priorities, thrive in a fast-paced environment, and collaborate effectively with team members
• Must be extremely detail oriented and demonstrate a high degree of professionalism and self-motivation

Responsibilities

• Ensure accurate accounting and reporting for real estate investments on a monthly and quarterly basis, including the review of quarterly promote and management fee calculations
• Regularly engage with joint venture partners to discuss ongoing operations and transactions from a financial perspective
• Collaborate with the fund administrator on various tasks, focusing primarily on the review process for quarterly and annual financial statements
• Perform a weekly Fund cash availability analysis to evaluate loan drawdowns and repayments with the BCRE Finance Associates
• Forecast, coordinate, and review investor level capital calls and distribution notices
• Review and analyze internal valuations and external appraisals of real estate investments, and prepare materials for the Valuation Committee
• Interact with and support the BCRE Investment, Portfolio Analytics, Tax, and Legal teams on financial matters with respect to real estate investments and Funds
• Coordinate with auditors for Fund level audits to ensure completeness and accuracy within the financial statements
• Review property budget submissions on an annual basis and investigate ongoing budget to actual variances
• Maintain the integrity of portfolio accounting systems and general ledger records
• Analyze and research current industry and accounting guidance applicability to the real estate portfolio and the accounting and reporting process
• Lead and engage in special projects to improve internal team processes and activities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree