Accounting Manager
Fund Accountant
Summary: A full-service Multifamily and Development Real Estate company based in the South Charlotte area is seeking to add a Fund Accountant to their team! This is a newly created role our client is opening due to company growth! They will perform accounting, reporting, and cash transactions for a portfolio of various private real estate ownership structures, including funds, joint ventures, and REITs, and will oversee work performed by a third-party fund administrator for certain funds. This growing organization offers great work-life balance and a tight-knit team environment!
Location: Charlotte, NC or Charleston, SC (HYBRID - 2 days remote)
Compensation:
- Staff: $65,000 to $85,000 +15% bonus
- Senior: $85,000 to $100,000 + 15% bonus
- The bonus is based on both personal and company performance, and has historically been paid out in full the past several years
Benefits & Perks:
- Competitive Medical, Dental, and Vision Plans
- PTO: Unlimited PTO days!
- Holidays: 10 paid Holidays
- 401K : 50% company match up to 6%
- Life & AD&D Insurance: 100% Company paid up to $35,000
- Short- & Long-Term Disability
Why the Role is Open: Newly created role due to company growth!
Job Responsibilities:
DIRECT ACCOUTING AND REPORTING
- Prepare and record journal entries for banking activity, monthly accruals, property-related transactions (purchase/sale or refinancing of investments held, partner capital account activity).
- Perform or oversee accounts payable process for assigned entities.
- Calculate cash distributions in accordance with operating agreements, initiate cash payments to investors per required timelines, and record transactions in the general ledger.
- Perform month-end closing process, including bank reconciliations, supporting all balance sheet accounts, recording accruals, and adjusting journal entries.
- Monitor and analyze all general ledger accounts to ensure activity is recorded timely and accurately, researching account activity as needed.
- Prepare monthly, quarterly, annual financial statements and supporting workpapers.
- Prepare recurring and ad hoc reporting for owners/investors.
- Provide supporting documentation for tax return preparation and financial statement audits.
OVERSEE THIRD PARTY ADMINISTRATOR
- Establish and perform oversight procedures for accounting and reporting performed by third party administrator for certain private funds and REITs.
- Coordinate accounting and reporting services with third party administrator for new fund launches.
GENERAL
- Ensure accurate tracking of investor capital accounts.
- Maintain compliance with the relevant accounting and reporting provisions of the governing documents of each fund.
- Participate in special projects as needed.
- Participate in process improvement initiatives which support the growth strategy, internal controls, and operational excellence.
Job Qualifications:
- Bachelor's degree in Accounting or Finance required
- 2+ years of accounting experience required
- Experience performing accounting, reporting, and cash transactions for a portfolio of funds
- Strong Excel skills required
- Yardi Voyager system preferred