Company Overview:
Our client is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, the firm has sponsored more than 15 real estate equity and debt investment programs and completed 587 real estate equity and debt transactions on behalf of investors, representing $5.9B in equity capital commitments and nearly $14.6B in gross investment value. In credit, the firm has originated 167 loans to date aggregating more than $2.2B in commitments. Our client is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (primarily industrial and multifamily).

Position Summary:
The Vice President of Finance & Accounting will oversee the fund-level accounting and finance processes of the equity funds. This position will be responsible for preparing financial statements for a fund(s) and its investment entities as well as working with the accounting and asset management teams in managing the fund operations. The Vice President of Finance & Accounting will be primarily accountable for the accurate and timely accounting and reporting for their assigned portfolio and will be a key point of contact for all business and other functional teams as it relates to their assigned fund(s). The ideal candidate must have a strong technical accounting background, be comfortable and confident navigating through new and complex accounting matters, have outstanding communication and writing skills, be attentive to details and deadlines, be able to prioritize and manage multiple tasks while working in a team environment, and is looking to grow alongside the firm. Further, the Vice President of Finance & Accounting will be one of the firm’s primary reviewers of property-level monthly and quarterly financial statements and supporting workpapers.

Core Responsibilities:
• Prepare quarterly fund financial reports and annual audited financial statements in accordance with GAAP, including fair value accounting, footnote disclosures, and debt compliance, for two private multifamily/industrial real estate funds, including 15+ underlying joint ventures
• Manage fund- and property-level cash operations, ranging from cash logs, wire/ACH transfers, and revolving credit line borrowings/paydowns to 12-month cash flow budgets and sizing of capital contributions and distributions (including waterfall calculations) for asset management and management committee approval
• Review monthly third-party property financial reports, working with asset managers, property accountants, and property managers on variance analysis and adjustments
• Coordination with all other teams
o Asset Management for ongoing observance of property operations, including cash requirements, annual budget updates, quarterly internal reporting presentations, quarterly partner update letters, and disposition/other memos
o Portfolio Management to calculate, analyze, and report fund- and investment-level performance returns, prepare quarterly internal and semiannual external fund presentations, and advise on executing the strategy of the fund
o Acquisitions to understand timing, structure, cash commitments, treasury needs, and reporting requirements of upcoming transactions
o Capital Markets to project and execute capital transactions as well as work through placement of fund- and property-level debt
o Investor Relations for quarterly reporting and ad hoc investor requests
• Oversee team of senior- and staff-level accountants and provide review over their accounting responsibilities including booking journal and manual check entries, maintaining accrual and receivable schedules, completing bank reconciliations, generating audit, tax, and investor requests, and updating Juniper Square investor database
• Create acquisition entries, including FAS 141 allocations and financings, and disposition entries, including gain calculations, across all equity investment transactions
• Direct activities of 15+ principal-ownership entities, including contributions, distributions, and valuations
• Oversee corporate-level accounting operations for in-house legal team, including budgeting, cash flow projections, accounts payable, and profit-sharing plan oversight
• Serve as the Risk Steward on parent company’s Risk Management Committee, including documenting and maintaining compliance with risk management guidelines and coordinating investment-level policy renewals and corporate-level GPL coverage

Qualifications:
• Bachelor’s degree in Accounting, Master’s degree and/or CPA preferred
• Approximately of 10 + years’ professional experience in accounting, preferably with a large public accounting firm with a focus on private real estate clients
• Strong technical accounting background
• Strong command of fund and real estate accounting concepts
• Understanding of generally accepted accounting principles (GAAP) as it relates to fair market value of real estate and fund accounting.
• Familiarity with GAAP research tools and the FASB codification
• Knowledge of and experience with REIT structures and taxation
• Effective problem-solving skills and sound judgement
• Excellent written and verbal communication skills
• Ability to function in a team-oriented setting and respond well to constructive criticism
• Strong organizational skills and the ability to perform and prioritize multiple tasks with a high attention to detail
• Tenacity toward meeting deadlines, with a strong sense of urgency and good self-management discipline
• Ability to work accurately and efficiently
• Strong ethical character and a sense of

Skills:
• Motivated self-starter with excellent communication and interpersonal skills; role reports to CFO and consistently engages with upper management, partners, and investors
• Team player who works well independently as well as with others; directly oversees a team of junior accountants and interacts with all other teams
• Extremely organized multitasker with great attention to detail
• Strong sense of accountability for quality of own work and the work of the team
• Ability to think creatively and to take the lead in solving problems
• Proficient in Microsoft Office products (Excel, Word, PowerPoint, Teams, and Outlook)