Fund Accountant

Fund Accountant Overview

• The Fund Accountant role focuses on managing accounting and financial reporting for real estate funds and direct investment vehicles.
• Collaborate with a leading real estate private equity firm managing approximately $3B in assets under management.
• Ensure compliance with U.S. GAAP standards and oversee monthly and quarterly NAV reporting processes.
• Contribute to fund-level budgeting, forecasting, and planning to support strategic financial goals.
• Engage with external accounting firms, fund administrators, and custodians for accurate reporting.
• Monitor promote models and calculate IRR while analyzing portfolio returns and performance benchmarks.
• Participate in year-end valuation processes and coordinate partner distributions effectively.
• Supervise and develop assistant controllers, staff, and outsourced accountants to ensure efficient execution of responsibilities.

Fund Accountant Key Responsibilities & Duties

• Prepare and manage financial reports for real estate funds in compliance with U.S. GAAP standards.
• Complete monthly and quarterly NAV reporting for investment funds and annual reporting requirements.
• Oversee cash management processes, including weekly reviews and vendor disbursements.
• Coordinate fund-level budgeting, forecasting, and planning activities to align with organizational goals.
• Assist in tax planning and collaborate with external tax consultants for compliance.
• Engage with external accounting firms, fund administrators, and custodians for accurate financial reporting.
• Monitor and calculate IRR, analyze portfolio returns, and assess performance benchmarks.
• Supervise and evaluate assistant controllers, staff, and outsourced accountants effectively.

Fund Accountant Job Requirements

• Bachelor of Science (BS) degree in accounting or a related field.
• Minimum of 5 years of experience, with 10 years preferred, in fund accounting.
• Proficiency in U.S. GAAP standards and financial reporting for real estate funds.
• Experience in cash management, budgeting, forecasting, and planning processes.
• Strong analytical skills for IRR calculations and portfolio performance assessments.
• Ability to supervise and develop accounting teams effectively.
• Familiarity with tax planning and compliance processes.
• Experience working in hybrid work environments with collaborative teams.