Fund Accounting Manager

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.