Rare opportunity to work for a REIT with exposure to Operations, Audit, Investor Reporting and Fund Accounting. Great benefits, fun culture and hybrid remote work environment in class A office space. Highly competitive salary and bonus opportunity!
In this role, you'll be a crucial part of our accounting team, partnering with our investor relations and operations teams to ensure accurate and timely financial reporting to our equity partners and agencies. The ideal candidate has experience in public accounting, preferably with a Big-4 firm, and worked with commercial real estate or private equity funding.
The Senior Investment Accountant is responsible for accounting for our co-invest funds, REITs, and other investment-level entities. The Senior Investment Accountant may also be responsible for property accounting on certain properties as assigned. The Senior Investment Accountant will work closely with the property accounting and investment teams to complete the reporting requirements of the co-invest funds, REITs, and other investment-level entities. He/she will also assist in the year-end audit and tax reporting processes of these entities.
What You Will Be Doing
The activities listed below are not all-inclusive; however, they are indicative of the type of activities normally performed in this role. Other duties may be assigned:
- Post monthly and annual close activities for a portfolio of fund and REIT/TRS entities and their underlying properties, including the preparation of income statements, balance sheets, statements of cash flow, and cash account reconciliations.
- Thoroughly review all financials and reconciliations to ensure accurate reporting.
- Prepare all quarterly and annual audited financial statements for the funds, as well as some underlying properties, and coordinate with auditors and/or tax preparers.
- Update and analyze valuation waterfalls for all Fund property investments on a quarterly basis for investments held longer than 1 year.
- Prepare/manage capital roll forwards for all investment-level entities to be provided to the tax preparers at year-end for the preparation of the tax returns.
- Ensure compliance by referencing legal documents as necessary.
- Assist the Controller with monthly/quarterly calculations of distributable proceeds, and record distributions received by the fund/upper-tier entity in the general ledger.
- Manage inputs of certain financial information such as investment-level contributions and distributions from the general ledger to the fund accounting system.
- Calculate and record fund-level management fees and partnership expenses in the general ledger for the co-invest funds.
- Manage payments of fund management fees and other items reimbursable to the GP.
- Stay current on business transactions that affect the overall business, including acquisitions, dispositions, recapitalizations, amendments to operating agreements, new funds, and joint ventures, etc.
You have
- 2-4 Years of experience.
- Public accounting experience required- Big 4 preferred.
- Fund accounting and real estate experience preferred.
- Strong organizational, quantitative, and analytical skills.
- Exceptional attention to detail while performing multiple assignments under tight deadlines.
- Deep understanding of GAAP, financial accounting processes, and general ledger reconciliation.
- Excellent communication skills that will allow you to interact with team members across all areas of the company.
What we offer:
- Competitive Base Salary
- Annual Bonus potential
- Career Growth
- Medical, Dental and Vision Coverage
- 401(k) + Company Match
- Apartment Rent Discount of 20%
- 14 Days of PTO + 10 Paid Holidays
- Employer Paid Short/Long-term Disability
- Paid Parental Leave
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