Lead impactful fund accounting operations for a dynamic investment firm. Collaborate with professionals to ensure compliance and accurate reporting. Develop leadership skills in a hybrid work environment.
Fund Accounting Manager
in Accounting + Finance PermanentJob Detail
Job Description
Overview
- Manage accounting and financial reporting for real estate funds and investment vehicles following U.S. GAAP standards.
- Oversee monthly and quarterly NAV reporting and ensure accurate annual reporting for investment funds.
- Handle cash management processes, including weekly reviews and vendor disbursement decisions.
- Coordinate and review annual fund-level budgeting, forecasting, and planning activities.
- Collaborate with external tax consultants for effective tax planning for entities.
- Engage with external accounting firms, fund administrators, and custodians for accurate reporting.
- Assist in year-end valuation processes and monitor compliance with agreements and regulations.
- Supervise and develop assistant controllers, staff, and outsourced accountants.
Key Responsibilities & Duties
- Prepare and review IRR calculations and analyze portfolio returns for performance benchmarks.
- Coordinate partner distributions and collaborate with portfolio managers for fund-level entities.
- Monitor promote models and assess compliance with partnership and management agreements.
- Ensure accurate financial reporting through interaction with external accounting firms and custodians.
- Lead valuation processes for underlying portfolios and assist in tax planning activities.
- Develop and evaluate accounting staff and outsourced teams to meet organizational goals.
- Oversee cash management processes, including weekly reviews and disbursement decisions.
- Coordinate annual fund-level budgeting, forecasting, and planning activities.
Job Requirements
- Bachelor of Science (BS) degree in Accounting or related field required.
- Minimum of 5 years of experience in fund accounting; 10 years preferred.
- Strong knowledge of U.S. GAAP standards and financial reporting practices.
- Proficiency in cash management, budgeting, and forecasting processes.
- Experience with tax planning and compliance with partnership agreements.
- Ability to supervise and develop accounting teams effectively.
- Familiarity with valuation processes and portfolio performance analysis.
- Strong communication skills for collaboration with external firms and stakeholders.
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