Position Summary:
The Fund Reporting Staff I Accountant performs fund accounting functions to maintain accounting books, records, and financial reporting in accordance with GAAP and provides financial and accounting analysis of fund and fund assets as needed. This includes fund accounting and creating monthly and quarterly fund financial reports issued to investors. The Staff Accountant will work with the senior on multiple funds with various investors. The Staff Accountant will assist with special projects within the department as well.
This position will be a Hybrid Remote schedule with 3 days on-site in our San Diego corporate office, and 2 days working from home weekly. Candidates should reside within commuting distance to our San Diego, CA office in the Sorrento Valley area.
Education/Certificates:
- A Bachelor’s Degree in Accounting or Finance, or equivalent work experience in accounting
- CPA or CPA candidate (or equivalent) is a plus.
Experience:
- 1 to 4 years of relevant accounting experience required and public accounting experience is a plus
- 1 to 4 years relevant work experience with Funds transactions
- Consolidation and investment accounting experience
- YARDI experience
- Real estate and public accounting experience a plus
- A successful candidate will have demonstrated ability to meet work deadlines in a fast-paced environment.
Skills, Knowledge & Abilities
- Strong understanding of accounting theory
- Proficient with Microsoft Office applications
- Must be highly detailed, organized in work and a strong team player.
- Ability to prioritize workload and meet deadlines.
- Ability to act and operate independently with minimal daily direction from manager to accomplish objectives.
- Ability to work cooperatively and collaboratively with all levels of employee, management, and external clients to maximize performance and result.
- Ability to work overtime as-needed, including weekends (overtime will be paid at time and a half)
Essential Duties:
- Prepare monthly bank and account reconciliations,
- Assist in monthly, quarterly and year end close procedures,
- Perform monthly fund consolidation across properties and tranches,
- Prepare equity batch transactions for investor contributions and distributions based on understanding of investor/investee relationships,
- Prepare consolidated historical GAAP, Market Value and IFRS financial statements required by lenders and investors,
- Generate fund performance reports (e.g. TWR, IRR, budget vs. actual) as required by investors,
- Assist with financial audits as well as preparing work papers required by external auditors,
- Prepare journal entries for transactions.
- Process fund AP, including wires and ACH payments,
- Prepare Subscription Facility borrowing requests,
- Prepare capital calls and process distributions,
- Prepare lender compliance reports
- Other projects as assigned.
OUR COMPANY:
At Fairfield, we are proud to be a leader in the multifamily housing industry. We are passionate about creating exceptional and luxurious apartment living. Among the most experienced multifamily companies, Fairfield has developed and acquired over 1000 communities since 1985. We are an award-winning company that proudly employs over 1,400 associates who are dedicated to serving our customers at our apartment communities located in over 30 markets nationwide.
Being a part of Fairfield means more than a rewarding career with personal growth. It’s a partnership for the long term, working alongside colleagues in an open-dialogue environment that encourages growth and the sharing of ideas. We know that our associates are a key ingredient to our success, and we’re proud to reflect that in our culture.
Estimated Rate of Pay:
$27.00 - $32.00
This position is non-exempt; the range above reflects hourly rates.
The pay range displayed for this position is determined by skills and experience required, location and job complexity*. Potential job offers may vary based on the skills, education, and experience an individual candidate holds. This range reflects base rate only, and does not include allowances, perks, commissions or bonuses applicable to this position (if any). In addition to base salary, Fairfield offers all full time associates the following, upon meeting eligibility requirements:
- Paid time off, paid holidays and sick days, paid time off for volunteering activities (optional)
- Matched 401(k)
- Medical, dental & vision insurance
- Flexible spending account
- Life insurance
- Pay range is a calculation based on a midpoint price. Fairfield complies with all wage and hour laws, including minimum wage and salary exempt requirements.
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