Accounting/Auditing, Computers, Software, Customer Service and Call Center, Finance/Economics, Financial Services, Human Resources, Information Technology, Legal, Real Estate, Sales, Executive Management, Research & Development
Fund Accounting Manager
Manages the work activities of an accounting team. Responsible for oversight and development of staff. Oversees the accounting and reporting requirements on fund investments including set up and accounting for complex multi-tier investment entities. Reviews monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting. Responsible for oversight of fund level reporting and coordination of client equity contributions and distributions.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reviews and verifies financial information including monthly, quarterly and annual financial statements for commingled funds and separate accounts prior to submittal to client and investors.
Reviews joint venture financial statements.
Reviews system prepared reports and supporting schedules for accuracy. Reviews and signs-off on property and fund level bank account reconciliations.
Partners with field and account management teams to ensure they have a working knowledge of team's client Management Agreements and that they are properly maintained per department policy and requirements/terms. Ensures team managers are reviewing management fee calculations to be in accordance with the current Management Agreement.
Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication.
Reviews and analyze performance returns, advisor incentive fees, and acquisition / disposition fees on real estate investments.
Reviews valuation models for reasonableness in determining asset fair market values.
Maintains a thorough understanding of each legal entity and debt structure, prepares interest billings monthly, and monitors compliance by the debtor with specific deal requirements.
Coordinates and insures completion of annual audits by required deadlines.
Sets up, analyzes and reviews joint venture structures and underlying inquiries, subscriptions, and redemptions terms and conditions. Sets up, analyzes and reviews interest rate, currency and credit swap calculations.
Reviews periodic P&L calculations at the fund and investor levels.
May assist with internal and external property and client transitions.
Works with other internal teams in handling special requirements as defined in the Management Agreement.
Performs other duties as assigned.
Provides formal supervision to individual employees within single functional or operational area. Recommends staff recruitment, selection, promotion, advancement, corrective action and termination. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of six years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting required with real estate accounting or fund accounting software systems. Requires prior supervisory experience and experience with real estate accounting or fund accounting software systems.
CERTIFICATES and/or LICENSES
CPA, CMA or other relevant professional certifications a plus.
Ability to comprehend, analyze, and interpret complex business documents. Ability to effectively write reports, manuals, speeches and articles using distinctive style. Ability to effectively respond, verbally and written, to sensitive issues, complex inquiries or complaints. Ability to make effective presentations on general topics. Ability to inspire and motivate employees and client groups to take desired action. Requires a high level of commitment to customer service, whether co-workers or clients.
Requires in-depth knowledge of financial terms and principles. Able to forecast and prepare budgets. Conducts complex financial/business analysis including the preparation of complex reports.
Ability to identify and analyze problems with limited information, then recommend more than one resolution alternative. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. Requires advanced analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to clients and department.