Listing Details


 

Sierra Olney | Sierra@kelleraugusta.com | 617.247.0505

Senior Fund Accountant

Boston, MA

JOB DESCRIPTION

Company Overview:

Committed to excellence in both investment performance and operations, our client was founded in 1976 and has earned a reputation for integrity, creativity, and excellence, making it one of the premier integrated real estate investment, development, and management firms in the Eastern United States. Headquartered in Boston, along with an office in New York, the company has a team of 120+ dedicated professionals who have invested more than $12.8 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows the firm to nimbly tackle complex opportunities. Directly, and with its valued partners, the firm currently owns a real estate portfolio of approximately 13.8 million square feet of life science / high-intellectual capital workplaces, multifamily, industrial, self-storage, retail, hospitality, and office.

Position Overview:

The position of Senior Fund Accountant will focus on accounting, cash management and financial reporting for a series of private, close-end real estate investment funds. The candidate will have prior experience in fund level and/or portfolio accounting, possess strong quantitative skills and preferably will have worked in an institutional real estate environment.

Responsibilities:

Specific responsibilities include but are not limited to the following:

  • Quarter-end and year-end financial close duties:
    • Independently perform quarterly general ledger reconciliations and prepare workpapers across various Funds, Joint Ventures, and Co-Invest Partnerships to support Fund Controller in the quarterly close process, record entries necessary to issue fair market value GAAP financials.

    • Review and post adjustments to reflect changes in the current fair market value of underlying fund investments and calculate associated investment metrics such as IRR, multiple and yields.

    • Prepare and/or review waterfall and preferred return calculations at both fund and asset level.

  • Record daily cash activity in Yardi accounting database utilizing IM module, if applicable.

  • Execute treasury support for multiple Fund investments by processing transfers and wires in coordination with Portfolio and Development accounting teams.

  • Support Investor Relations

    • Support capital call process and track cash payments between investors and Funds.

    • Process investor distribution transactions as needed. 

    • Process all investor transfers of interest, as needed in Yardi in coordination with Investor Relations.

    • Process transactions/allocations required to prepare quarterly partner capital account activity statements for Funds and Co-Invest Partnerships.

    • Provide quarterly investor capital account activity reports to Placement Agent.

    • Prepare asset level financial information for upload to investor portal.

    • Prepare external investor audit confirmations, as requested.

  • Prepare year-end audit and tax compliance schedules:
    • Compile audit support documentation and prepare schedules, as requested by auditors.

    • Provide capital call and distribution amounts by investor and capital call notices.

    • Communicate with independent audit and tax teams regarding inquiries in order to facilitate the completion of Fund and Co-Invest Partnership audits.

    • Prepare audit report documents in Word.

    • Record annual tax adjusting entries.

  • Review expenses, accounts payable and payments for processing.

  • Prepare bank reconciliations.

  • Calculate investment management fee and carried interest fee in accordance with legal documents.

  • Record and reconcile acquisition and disposition activity of underlying investments.

  • Be responsive to both internal and external inquiries.

  • Assist with implementation of new technology projects.

  • Perform other job-related duties, as assigned.

Skills & Qualifications:

  • Bachelor’s degree in accounting.

  • 3+ years of public accounting and/or Fund experience with close ended funds or commercial real estate accounting experience preferred.

  • Strong analytical ability and perseverance to solve problems with minimal oversight.

  • Excellent communication, presentation, and interpersonal skills.

  • Accurate, detail oriented, and able to consistently meet deadlines with high quality work product.

  • Proven ability to multitask and efficiently manage time across competing demands; able to effectively prioritize, execute tasks, and thrive in a high pressure, fast-paced environment.

  • Proficiency in Outlook, Excel and Word required.

  • Yardi experience preferred.

  • Analytically minded.

  • Highly professional with strong interpersonal skills.

  • Able to work effectively with others and be a team player.

  • Flexible and well organized with the ability to adapt to shifting priorities, demands and timelines through analytical and problem-solving capabilities.

  • Possess a high level of energy, enthusiasm, positivity and ability to professionally interact with onsite staff, management and third-party contacts.

  • Dependable and reliable.