We are currently looking for several Real Estate Senior Fund Accountants/ Account Managers to support our growing operations.
The Real Estate Senior Fund Accountants will be expected to prepare and/or review the NAV calculations and financial statements of real estate funds and other accounting deliverables driven by client needs.
Job Specification:
Accounting:
Review Monthly/Quarterly NAV reporting pack, including:
- Cash and position reconciliation
- Expense accruals
- Dividend and Interest Accruals
- Review all capital activity pertaining to the funds (Capital calls and Distribution)
- Review Limited Partner and General Partners/Shareholder Allocation, calculations/schedules-includes review of Admin/Management fees/Waterfall/Clawback calculations etc
- Trial balance and general ledgers
- Financial statements and Partner Capital Statements
- Review of Net Asset Valuation (NAV) files for a variety of Real Estate funds, ensuring their accuracy and compliance with fund governing and regulatory procedures
- Review of property level income statement, rent roll, tenancy schedules, and aging reports
- Preparation of quarterly BAS calculations
Investor Services:
- Review of investor onboarding documents to ensure AML/KYC compliance
- Review capital calls and distribution calculation and notices
- Review and release investor distribution and redemption payments
- Resolve issues and communicate with investors ensuring all investor information is complete and up to date
- Review capital statements
- Oversee calculation and preparation of investor tax statements
- Prepare regulatory reporting (FATCA/CRS and AIIR reports)
Operations
- Overall responsibility for client relationship, inquiries, and meetings
- Interact with senior management and clients
- Review procedures and recommend solutions in order to improve efficiencies
- Ensure adherence to all internal and external audit standards
- Implementation of fund structures onto the accounting system
- Review of constitutional documents and preparation of client SLA and budgeting
Skills Required:
- Bachelor or Master level degree in accounting
- 5+ years of private equity or real estate fund accounting work experience
- Experience in reviewing and preparing financial statements
- Excellent communication skills and proficiency in English (both verbal and written)
- Motivated, bright and diligent individual who is driven to meet deadlines
- Attention to detail and ability to work on multiple projects
- A team player who is able to manage individual responsibilities
- Advanced level MS excel, proficient with MS Word, MS PowerPoint
- A detailed understanding of Real Estate and REIT fund structures and the fund administration industry
- Client and deadline focus
- Knowledge and prior experience on YARDI is highly desirable and knowledge of eFront and Investran system a big advantage
- A professional designation such a C.A., C.P.A., or C.M.A. etc., would be an asset.