Tourmaline Capital
Job Overview
Tourmaline Capital, a boutique commercial real estate investment company, is seeking to hire a third full-time accountant to join the team. The Accounting Manager will support accounting and financial reporting for the private funds and management company. This hybrid position is based in our San Diego (Del Mar Heights/Carmel Valley) headquarters with the opportunity to work remote on Wednesdays. Key Responsibilities
Prepare accounting work papers and journal entries, investigate and reconcile discrepancies based on materiality thresholds. Work with the Accounting team on investment, equity, intercompany transactions, eliminations, and other fund-related activities ensuring the completeness and accuracy of the financial statements. Support the monthly upload and review of property financial activity Prepare/review monthly, quarterly and annual financial reports, including internal metrics and investor reporting. Support the accounting for the management company Prepare accurate and timely historical cost and fair value financial statements for real estate funds, including compiling work papers and supporting documentation Coordinate and support the preparation of the quarterly fund reporting package, including quarterly financial statements and related schedule of real estate, carried interest calculations, and footnote disclosures; investor reports and investor capital pages; and investor reports and related tables and property pages Support calculations for quarterly distributions and investor allocations Coordinate with Accounting and Treasury on fund payments, including capital fundings and distributions from investments to investors Prepare monthly intercompany reconciliations between Fund (and properties) and management company, and coordinate with the treasury/AP team to execute payments Participate in technology and process improvement initiatives focusing on Yardi and Juniper Square Explore opportunities to improve, automate, and streamline strategic processes across fund reporting functions and processes Investor Services
Assist with investor confirmations Assist with Juniper Square investor portal – Uploading reports, updating investor information, setting up individual investor contact details and permissions based on subscription documents and update periodically based on changes provided by investors Assist with maintaining a repository of investor agreements and side letters Other Responsibilities
Investor capital calls, distributions, and equity allocations Loan reporting Assist in preparing audit support, and participate in internal control walkthroughs with external auditors Assist with due diligence tasks for prospective purchases. Perform other special projects as assigned Coordinate with accountants and other staff to achieve company or department goals and support their development Streamline internal processes to enhance efficiency Assist in system enhancements related to accounting process and procedures. Qualifications
Bachelor’s degree from an accredited college or university with an emphasis on finance, accounting, or another related field. 8+ years of previous experience in industry or public accounting, preferably with REIT or real estate industry experience Experience with private fund reporting. A clear and thorough understanding of U.S. GAAP. Willingness to be hands-on and assist in preparation. Ability to execute in ambiguous situations and take the lead without explicit instructions Ability to work overtime to meet quarterly reporting deadlines Detail oriented, flexible, efficient, and takes ownership of their work product. Strong verbal and written communication skills Strong PC skills, including Outlook and Word. Advanced Microsoft Excel skills Basic to advanced Yardi skills. Ability to adapt to ever-changing requirements and creatively solve problems effectively and efficiently with a high degree of accuracy. Preferred Qualifications
Active Certified Public Accountant (CPA). 2-3+ years of public accounting experience. Experience with Juniper Square Experience with Investment Company Accounting Knowledge of ASC 820 (FAS157) Compensation
The pay range for this role is $100,000 - $145,000. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case.
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Tourmaline Capital, a boutique commercial real estate investment company, is seeking to hire a third full-time accountant to join the team. The Accounting Manager will support accounting and financial reporting for the private funds and management company. This hybrid position is based in our San Diego (Del Mar Heights/Carmel Valley) headquarters with the opportunity to work remote on Wednesdays. Key Responsibilities
Prepare accounting work papers and journal entries, investigate and reconcile discrepancies based on materiality thresholds. Work with the Accounting team on investment, equity, intercompany transactions, eliminations, and other fund-related activities ensuring the completeness and accuracy of the financial statements. Support the monthly upload and review of property financial activity Prepare/review monthly, quarterly and annual financial reports, including internal metrics and investor reporting. Support the accounting for the management company Prepare accurate and timely historical cost and fair value financial statements for real estate funds, including compiling work papers and supporting documentation Coordinate and support the preparation of the quarterly fund reporting package, including quarterly financial statements and related schedule of real estate, carried interest calculations, and footnote disclosures; investor reports and investor capital pages; and investor reports and related tables and property pages Support calculations for quarterly distributions and investor allocations Coordinate with Accounting and Treasury on fund payments, including capital fundings and distributions from investments to investors Prepare monthly intercompany reconciliations between Fund (and properties) and management company, and coordinate with the treasury/AP team to execute payments Participate in technology and process improvement initiatives focusing on Yardi and Juniper Square Explore opportunities to improve, automate, and streamline strategic processes across fund reporting functions and processes Investor Services
Assist with investor confirmations Assist with Juniper Square investor portal – Uploading reports, updating investor information, setting up individual investor contact details and permissions based on subscription documents and update periodically based on changes provided by investors Assist with maintaining a repository of investor agreements and side letters Other Responsibilities
Investor capital calls, distributions, and equity allocations Loan reporting Assist in preparing audit support, and participate in internal control walkthroughs with external auditors Assist with due diligence tasks for prospective purchases. Perform other special projects as assigned Coordinate with accountants and other staff to achieve company or department goals and support their development Streamline internal processes to enhance efficiency Assist in system enhancements related to accounting process and procedures. Qualifications
Bachelor’s degree from an accredited college or university with an emphasis on finance, accounting, or another related field. 8+ years of previous experience in industry or public accounting, preferably with REIT or real estate industry experience Experience with private fund reporting. A clear and thorough understanding of U.S. GAAP. Willingness to be hands-on and assist in preparation. Ability to execute in ambiguous situations and take the lead without explicit instructions Ability to work overtime to meet quarterly reporting deadlines Detail oriented, flexible, efficient, and takes ownership of their work product. Strong verbal and written communication skills Strong PC skills, including Outlook and Word. Advanced Microsoft Excel skills Basic to advanced Yardi skills. Ability to adapt to ever-changing requirements and creatively solve problems effectively and efficiently with a high degree of accuracy. Preferred Qualifications
Active Certified Public Accountant (CPA). 2-3+ years of public accounting experience. Experience with Juniper Square Experience with Investment Company Accounting Knowledge of ASC 820 (FAS157) Compensation
The pay range for this role is $100,000 - $145,000. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case.
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