Fund Accounting Manager

Realterm

Annapolis, MD

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JOB DETAILS

SKILLS

Accounting, Accounting Close, Accounting Consolidation, Accounting Policies, Analysis Skills, Asset Management, Automation, Balance Sheet, Best Practices, Budgeting, Business Administration, Business Support, Capital Markets, Cash Flow, Certified Public Accountant (CPA), Commercial Real Estate, Communication Skills, Construction, Continuous Improvement, Corporate Policies, Diversity, Finance, Financial Analysis, Financial Control, Financial Modeling, Financial Reporting, Financial Statements, Fund Accounting, Fund Management, Fund Reporting, Generally Accepted Accounting Principles (GAAP), Interest Rates, Investment Accounting, Investor Relations, Leadership, Leasing, Maintain Compliance, Presentation/Verbal Skills, Private Funding, Process Improvement, Property Management, Public Accounting, Public/Media/Press/Analyst Relations, Real Estate, Real Estate Appraisals, Supply Chain, Tax Accounting, Tax Regulations, Team Lead/Manager, Team Player, Time Management, Variance Analysis, Workpaper Preparation, Writing Skills

LOCATION

Annapolis, MD

POSTED

Today

Realterm is a real estate operator whose employees have a track record of capitalizing on durable insights into the supply and demand of real assets through the global supply chain. Realterm seeks to build and invest in value-added business platforms that have a proprietary position in their markets, source investments with favorable supply/demand dynamics and bring intense focus to operating results.

Realterm offers several career fields such as Accounting, Asset Management, Capital Markets and Investor Relations, Construction, Finance, Investments, Leasing, and Property Management that make working here unique, challenging, stimulating, and rewarding. With offices in Amsterdam, Annapolis, Baltimore, Chicago, Frankfurt, Houston, Los Angeles, Montreal, New York, Singapore and Sydney, you are empowered to take your career where you want it to go.

A career at Realterm allows you thrive in a fast-paced workplace environment with tremendous scale. Enjoy working in a collaborative environment with supportive teammates where you will be challenged to grow and be at your best every day. We offer our employees a robust and competitive benefits package. If you are looking for a rewarding career in private equity commercial real estate, apply today.

Summary

This position is responsible for the day-to-day accounting and quality of deliverables of the company's close-ended funds and is responsible for the integrity and timeliness of the funds' financial close and financial and investor reporting with respect to GAAP, company policies and contractual agreements. This individual is a hands-on, experienced, proactive accounting leader who fosters a sense of ownership, adaptability, and accountability.

Essential Duties and Responsibilities

Key responsibility for maintaining investor documents and fund financial knowledge and lead contact for investor requests.
Read, interpret, and summarize complex legal documents, including partnership documents and lender agreements.
Support Fund/Asset Management team in ensuring fund reporting is in compliance with partnership agreements, including an understanding of key deal terms and influence on reporting.
Support Fund/Asset Management in understanding the consolidated financial results through analysis and preparation of variance analysis.
Review and ensure accuracy of all investor notices re: capital calls/distributions, including ILPA templates, as applicable
Maintain investor capital accounts
Prepare fund carried interest calculations.
Manage fund-level cash flow needs, including cash available for distribution to investors, as needed
Assist Fund/Asset Management team with Advisory/AGM/AIP schedules and materials, as needed
Respond to all investor ad hoc requests timely
Oversee monthly close activities for all non-property entities within the Fund structures and ensure accuracy and timeliness of completion of consolidated results.
Validate accuracy of asset management and incentive fees.
Ensure optimization of shareholder loan.
Preparation of consolidated balance sheet review packages.
Understanding of real estate valuations recorded quarterly and reason for valuation adjustments.
Understanding of deal transactions and impact to fund valuation model and financial reporting.
Own and document policies and procedures related to fund accounting function and associated internal controls. Ensure financial information is maintained in accordance with GAAP and the company's policies and procedures.
Directly responsible for overseeing the completion of quarterly and annual compliance reporting.
Oversee drafting of the financial statements for the fund(s) and ensure compliance with GAAP.
Oversee drafting and ensure accuracy of fund investor report(s), including support for all schedules.
Ensure accuracy of NAV.
Responsible for fund-level debt compliance, including average interest rate calculation for reporting.
Oversee completion of recurring supplemental fund reporting and ad-hoc information requests.
Preparation of PBC workpapers for interim and annual audit and tax compliance.
Oversee preparation of annual budgets/reforecasts for all non-property entities.
Be a resource to the Fund Controller.

Proactively communicate significant issues to the Controller and assist in communicating with the business partners.
Lead the relationship with the external fund administrator, coordinating deliverables, resolving accounting matters, and driving continuous improvement in fund accounting processes and reporting quality.
Assist in developing more efficient and/or effective ways to organize, deliver or consolidate work products and develop best practices including automation of reporting and analysis of financial results.
Assist in communicating and carrying out the department strategy.
Support business team and internal customers including asset management, tax, capital markets and others and proactively develop an effective relationship by meeting regularly to deliver financial results.

Supervisory Responsibilities:

Manage Senior Fund Accountant

Qualifications

Be well versed in the application of US GAAP and investment accounting knowledge
Deadline-focused, organized, possesses problem-solving skills
Have well-developed analytical skills
Be an effective communicator (both oral and written) and be able to communicate with all staff and executive levels within the organization
Be able to work effectively as a team member and a team leader; and be able to motivate, lead and develop staff

Education and/or Experience

A Bachelor's degree in Accounting or related field.
MBA and/or CPA is preferred
At least 4-7 years private equity fund accounting experience, including working with institutional investors. Real estate experience preferred. Public accounting experience a plus.

Realterm prioritizes, embraces and values safe, inclusive and collaborative environments and is committed to intentionally building a workplace where our employees can succeed. Full-time eligible employees may participate in our robust benefits program which includes healthcare (single and family coverage available), retirement plan with matching contributions, paid leave, volunteer time off, wellness/lifestyle benefits and more. More information regarding benefits and total compensation will be provided during the hiring process.

Realterm is an equal opportunity employer, as we value and respect diversity. We encourage diversity in ideas, opinions, experiences and identities. We do not discriminate in our employment practices based upon protected class, to include race, color, religion, sex, national origin, age, disability or genetic information.

About the Company

Realterm

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