Manager – Investment Accounting

Manager – Investment Accounting

Requirements

• Bachelor’s Degree in Accounting or related field.
• CPA certification qualified with a large accounting firm and awareness of SOX controls.
• Minimum of 5 years of previous GAAP accounting with experience in ASC 970 Real Estate and ASC 820 Fair Value preferred.
• Industry experience should be with Real Estate and/or Investment Management firms.
• Experience in Yardi and proficient in Microsoft Office, especially Excel and Word.

Responsibilities

• Monthly reporting and analysis
• Review property accounts prepared by asset level accountants.
• Responsible for accounting for investments, including preparing investment level financial statements, by consolidating property trial balances and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting.
• Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals.
• Assist with real estate investment and debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards.
• Calculation and accounting for property and development management fees and where required fund management fees based on fund tier levels.
• Review of balance sheet reconciliations and analytical reviews of investment level performance.
• Completion and review of quarter end and month end checklist tasks.
• Prepare schedules and support for audits, tax preparation and valuations.
• Review of semi and annual financial reporting, including consolidated financial reporting as required under GAAP.
• Accounting for acquisition and disposition of assets and booking of required funding.
• Assist in set up of accounting structures.
• Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with team on capital draws and distributions.
• Approval of non-operating accruals and accounts payable.
• Preparation and/or review of lender reporting for third party debt that might be in place and supporting management, and other teams in calculation of loan level covenants.

Preferred Qualifications

• Ability to independently organize and manage multiple tasks in a detailed and deadline-oriented environment with minimal supervision.
• Analytical and critical thinking skills.
• Strong written and verbal communication skills and the ability to clearly communicate trends in large volumes of financial data.
• Ability to read, analyze and interpret complex agreements.
• Ability to solve practical problems and continuously identify new ways to improve processes.