Greenwood Star LLC
Greenwood Star LLC is hiring: Senior Accountant in Atlanta
Greenwood Star LLC, Atlanta, GA, US, 30383
Senior Accountant - REIT & 506(c) Fund Accounting
Location: Corporate Office - 3490 Piedmont Rd NE Ste 1425, Atlanta GA, 30305
About Us
Greenwood Star Property Management (GSPM) is a real estate investment and management firm
specializing in 506(c) private REITs and multifamily real estate assets. We manage a diverse
portfolio while ensuring GAAP-compliant accounting and REIT/SEC regulatory compliance.
We are seeking a Senior Accountant with REIT experience to join our finance team in-office.
Job Summary
The Senior Accountant - REIT & 506(c) Fund Accounting will oversee financial reporting, tax
compliance, and investor accounting for our 506(c) REIT fund and UPREIT structure.
The ideal candidate has experience in:
• Private REIT accounting
• Fund reconciliations
• Yardi Voyager and Yardi Investment Module
• SEC & tax compliance
Key Responsibilities
1. REIT Accounting & Financial Reporting
• Prepare and maintain GAAP-compliant financial statements for REIT entities.
• Manage monthly, quarterly, and annual close processes for multiple REIT structures.
• Ensure accurate revenue recognition under ASC 842 (Leases) and ASC 606 (Revenue
Recognition).
• Reconcile REIT investment activities, distributions, and capital contributions.
• Prepare and review NAV calculations, asset valuations, and depreciation schedules
under ASC 360.
2. 506(c) Fund & Investor Accounting
• Track capital calls, distributions, and investor equity transactions.
• Prepare investor K-1s and quarterly capital statements.
• Ensure compliance with 506(c) SEC reporting requirements and 100-investor rule
under IRC §856.
• Assist with investor financial due diligence and reporting.
3. Tax Compliance & REIT Qualifications
• Ensure compliance with REIT income and asset tests (75% Asset & 75% Income Tests
per IRC §856).
• Work with tax advisors to prepare and review REIT tax returns (Form 1120-REIT) and
investor tax documents.
• Support tax planning strategies to maintain REIT compliance and minimize tax liability.
4. Yardi Voyager & System Integration
• Oversee property and fund accounting in Yardi Voyager 8 and VendorCafé.
• Automate reporting workflows, investor distributions, and vendor payments.
• Perform bank and general ledger reconciliations to ensure financial accuracy.
5. Internal Controls & Audit Support
• Maintain SOX-compliant internal controls for cash management, vendor payments, and
investor distributions.
• Assist with annual audits and SEC/IRS compliance reviews.
• Prepare audit work papers and liaise with external auditors and tax advisors.
Qualifications & Requirements
Education & Experience
• Bachelor's degree in Accounting, Finance, or related field (CPA preferred).
• 5+ years of accounting experience in REITs, real estate funds, or private equity.
• Prior experience with 506(c) REITs, UPREIT structures, or fund accounting is a strong
plus.
Technical & Software Skills
• Proficiency in GAAP, ASC 842 (Lease Accounting), and REIT tax regulations.
• Experience with Yardi Voyager 8, Yardi CRM, and VendorCafé.
• Strong Excel, financial modeling, and investor reporting skills.
Soft Skills & Competencies
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple deadlines in a fast-paced REIT environment.
• Excellent communication skills to collaborate with investors, auditors, and finance
teams.
Why Join Us?
• Competitive Salary & Bonus Structure
• Health, Dental, and Vision Insurance
• Growth Opportunities in a High-Growth REIT
• On-Site Work Environment for Collaboration & Learning
Location: Corporate Office - 3490 Piedmont Rd NE Ste 1425, Atlanta GA, 30305
About Us
Greenwood Star Property Management (GSPM) is a real estate investment and management firm
specializing in 506(c) private REITs and multifamily real estate assets. We manage a diverse
portfolio while ensuring GAAP-compliant accounting and REIT/SEC regulatory compliance.
We are seeking a Senior Accountant with REIT experience to join our finance team in-office.
Job Summary
The Senior Accountant - REIT & 506(c) Fund Accounting will oversee financial reporting, tax
compliance, and investor accounting for our 506(c) REIT fund and UPREIT structure.
The ideal candidate has experience in:
• Private REIT accounting
• Fund reconciliations
• Yardi Voyager and Yardi Investment Module
• SEC & tax compliance
Key Responsibilities
1. REIT Accounting & Financial Reporting
• Prepare and maintain GAAP-compliant financial statements for REIT entities.
• Manage monthly, quarterly, and annual close processes for multiple REIT structures.
• Ensure accurate revenue recognition under ASC 842 (Leases) and ASC 606 (Revenue
Recognition).
• Reconcile REIT investment activities, distributions, and capital contributions.
• Prepare and review NAV calculations, asset valuations, and depreciation schedules
under ASC 360.
2. 506(c) Fund & Investor Accounting
• Track capital calls, distributions, and investor equity transactions.
• Prepare investor K-1s and quarterly capital statements.
• Ensure compliance with 506(c) SEC reporting requirements and 100-investor rule
under IRC §856.
• Assist with investor financial due diligence and reporting.
3. Tax Compliance & REIT Qualifications
• Ensure compliance with REIT income and asset tests (75% Asset & 75% Income Tests
per IRC §856).
• Work with tax advisors to prepare and review REIT tax returns (Form 1120-REIT) and
investor tax documents.
• Support tax planning strategies to maintain REIT compliance and minimize tax liability.
4. Yardi Voyager & System Integration
• Oversee property and fund accounting in Yardi Voyager 8 and VendorCafé.
• Automate reporting workflows, investor distributions, and vendor payments.
• Perform bank and general ledger reconciliations to ensure financial accuracy.
5. Internal Controls & Audit Support
• Maintain SOX-compliant internal controls for cash management, vendor payments, and
investor distributions.
• Assist with annual audits and SEC/IRS compliance reviews.
• Prepare audit work papers and liaise with external auditors and tax advisors.
Qualifications & Requirements
Education & Experience
• Bachelor's degree in Accounting, Finance, or related field (CPA preferred).
• 5+ years of accounting experience in REITs, real estate funds, or private equity.
• Prior experience with 506(c) REITs, UPREIT structures, or fund accounting is a strong
plus.
Technical & Software Skills
• Proficiency in GAAP, ASC 842 (Lease Accounting), and REIT tax regulations.
• Experience with Yardi Voyager 8, Yardi CRM, and VendorCafé.
• Strong Excel, financial modeling, and investor reporting skills.
Soft Skills & Competencies
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple deadlines in a fast-paced REIT environment.
• Excellent communication skills to collaborate with investors, auditors, and finance
teams.
Why Join Us?
• Competitive Salary & Bonus Structure
• Health, Dental, and Vision Insurance
• Growth Opportunities in a High-Growth REIT
• On-Site Work Environment for Collaboration & Learning