Fund Accountant

Our client primarily focuses on commercial real estate investments, and we are rapidly expanding in investment holdings throughout the country. Our current holdings include office, industrial, retail and multi-family properties or developments located across six states and our path for growth is significant. We are a registered RIA with the SEC and are part of the (confidential) Holdings group of companies which collectively has 11 Billion dollars of assets under management for clients across the county.

The Fund Accountant is responsible for the preparation and review of hedge fund and private equity fund valuations, including portfolio valuation, fee computation, various accruals, and income allocations. In addition, the incumbent will be involved in the preparation and review of the annual audit reports, act as a direct liaison with the fund managers, auditors, and other related parties.



Specific Responsibilities:

• Provide investment accounting support for a portfolio of private investment holdings.
• Prepare reconciliations of fund cash and investment positions to the prime broker/custodian accounts and track fund level expenses, accruals, management fees and incentive fees.
• Maintain Fund books and records in accordance with the Offering Memorandum and other Constitutive Documents.
• Prepare initial draft of a fund’s annual financial statements with footnotes in accordance with GAAP and provide audit assistance to independent audit firms during the fund’s annual review.
• Ongoing review and compliance with controls and procedures
• Assist with business development, client specific reporting/analysis requests, and special projects.
• Assist internal development team with development projects as needed (prepare invoices for fund reimbursements, provide total amount spent on projects as needed, track total equity provided).
• Prepare and review financial statements for development properties by working with internal development team as well as outside developer, reconciling developer TB with draw activity and incorporating into our financials.
• Review bank transactions before sending off for approval, including verifying wire/ACH instructions with outside parties.
• Calculate management fees billed to the funds and enter through AP system.
• General accounting procedures such as journal entries, AP, AR knowledge and entry

Qualifications/Preferred Skills and Experience:

• Bachelor’s degree in accounting or finance required
• CPA preferred
• 3-5 years’ experience in the PE fund accounting and / or administration preferred
• Thorough knowledge of consolidations, eliminations, intercompany, investment, and fair value accounting.
• Experience with Yardi accounting software preferred but not required
• Background in accounting for various types of entities including private equity funds, hedge funds (Master Feeder Structures, Standalone Entities, Side by Side and Segregated Portfolios)
• Ability to excel in a fast paced, entrepreneurial environment
• Strong communication skills, organizational skills, and attention to details