Investment Fund Accounting Manager

About

Realterm is a dynamic real estate operator, renowned for leveraging deep insights into the global supply chain's durable real asset demand and supply dynamics. We focus on developing and investing in unique business platforms that hold a proprietary position in the market while delivering value to our investors.

At Realterm, we support a range of career paths, including Accounting, Asset Management, Capital Markets, and more. Join our team in fostering your career in an engaging, fast-paced work environment with supportive colleagues who encourage your growth. We offer competitive benefits to all our employees. If you are ready to advance your career in private equity commercial real estate, we encourage you to apply!

Position Summary

The Investment Fund Accounting Manager will oversee the daily accounting operations and ensure the delivery of high-quality financial reporting for the company's closed-end funds. This role is essential for maintaining the integrity and punctuality of financial closes and reports in accordance with GAAP, company policies, and contractual agreements. We are seeking a proactive, hands-on accounting leader who embodies ownership, adaptability, and accountability.

Essential Duties and Responsibilities

• Manage investor documents and maintain comprehensive fund financial knowledge; act as the primary point of contact for investor inquiries.
• Interpret and summarize intricate legal documents such as partnership and lender agreements.
• Support the Fund/Asset Management team with compliance to partnership agreements, understanding key deal terms to influence reporting.
• Analyze consolidated financial results and prepare variance reports for the Fund/Asset Management.
• Review and ensure the accuracy of all investor communications regarding capital calls and distributions.
• Maintain investor capital accounts and prepare fund carried interest calculations.
• Oversee fund-level cash flow management, ensuring cash availability for investor distribution when necessary.
• Assist with Advisory/AGM/AIP schedules and materials as required.
• Respond promptly to all investor requests.
• Supervise monthly close activities for all non-property entities and confirm the accuracy and timeliness of consolidated results.
• Validate asset management and incentive fees for accuracy.
• Ensure optimization of shareholder loans.
• Prepare consolidated balance sheet review packages.
• Understand quarterly real estate valuations and the rationale for adjustments.
• Assess deal transactions and their impacts on fund valuation models and financial reporting.
• Document and uphold policies and procedures related to fund accounting and internal controls, ensuring adherence to GAAP and company protocols.
• Oversee quarterly and annual compliance reporting and the drafting of financial statements, ensuring GAAP compliance.
• Ensure the accuracy of fund investor reports, including all supporting schedules.
• Maintain the accuracy of NAV and supervise fund-level debt compliance reporting.
• Oversee the preparation of recurring supplemental fund reports and address ad-hoc information requests.
• Prepare PBC workpapers for audits and tax compliance.
• Manage the preparation of annual budgets and forecasts for all non-property entities.
• Act as a resource for the Fund Controller.
• Proactively communicate significant issues to the Controller and assist in discussions with business partners.
• Lead relationships with external fund administrators, coordinating deliverables, resolving accounting issues, and driving continuous process improvements.
• Support the development of efficient and effective work processes, including automation of reporting and financial analysis.
• Assist in communicating and executing departmental strategy.
• Foster strong relationships with internal teams, including asset management, tax, and capital markets, to deliver financial results proactively.

Supervisory Responsibilities

• Supervise the Senior Fund Accountant.

Qualifications

• Strong knowledge of US GAAP and investment accounting.
• Highly organized, deadline-driven, and adept at problem-solving.
• Excellent analytical skills.
• Effective communication skills (oral and written) with the ability to engage with staff and executives alike.
• Proven capability to work effectively as both a team member and leader, motivating and developing staff.

Education and Experience

• A Bachelor's degree in Accounting or a related field.
• A preferred MBA and/or CPA.
• 4-7 years of private equity fund accounting experience, particularly in working with institutional investors; real estate experience is preferred, and public accounting experience is a plus.

Benefits

• Healthcare
• Retirement plans with matching contributions
• Paid leave
• Volunteer time off
• Wellness benefits

Equal Opportunity

Realterm is an equal opportunity employer, committed to diversity and inclusivity, ensuring no discrimination based on protected characteristics.